Sarama Defines 11km-Long Gold-in-Soil Anomaly at its Gbarpolu Property in Liberia & Increases its Interest in Pedsam Properties

  Sarama Defines 11km-Long Gold-in-Soil Anomaly at its Gbarpolu Property in
         Liberia & Increases its Interest in Pedsam Properties to 65%

PR Newswire

VANCOUVER, Jan. 31, 2013

TSX-V Ticker: SWA
SWA.WT

VANCOUVER, Jan. 31, 2013 /PRNewswire/ - Sarama Resources Ltd. ("Sarama" or the
"Company") is pleased to report that a 11km-long gold-in-soil anomaly has been
defined by geochemical surveys at the Company's Gbarpolu exploration  property 
in western Liberia.  Sarama has  also increased  its interest  in the  Pedsam 
Mining Limited ("PedSam")  properties in  Liberia to 65%  after achieving  the 
required earn-in milestones.

Highlights

  *An 11km-long gold-in-soil anomaly has been defined by a geochemical survey
    on the southern portion of the Company's Gbarpolu exploration property.

  *The anomalous zone is coincident with a major geological feature
    identified by a detailed airborne geophysical survey in an area that hosts
    artisanal gold mining activity.

  *A second parallel trend, extending approximately 3.5km along strike, has
    also been identified.

  *Sarama increases its interest in the Cape Mount, Gbarpolu and Grand Bassa
    exploration properties to 65% after achieving earn-in milestones.

Sarama has received assay results for  a soil geochemical survey it  undertook 
on its 400km² Gbarpolu exploration property in 2012. A principal sample  grid 
spacing of 400m (east-west) x 50m (north-south) was used for the surveys  with 
several areas being  sampled at a  higher density (200m  x 50m spacing)  after 
being identified  as high  priority  targets from  earlier work  conducted  by 
Sarama.

The survey  identified  an  11km-long gold-in-soil  anomaly  in  the  southern 
portion of the property,  adjacent to active artisanal  gold mining sites  and 
co-incident with several  geologically prospective features  identified by  an 
airborne geophysical survey  conducted by  the Company in  2012 (refer  Figure 
1). Of note  is a  parallel, co-incident geochemical  and geophysical  trend, 
extending approximately 3.5km along strike, within the main zone.

The anomalous zones are  broadly defined by the  95^th percentile of  returned 
assays (Au>20ppb). Within the  main zone, several  areas up to  approximately 
1.5km in length are defined by gold-in-soil values of Au>37ppb. A peak  value 
of 1,100ppb Au (1.10 g/t Au) was recorded by the survey.

Sarama has  commenced  trenching over  selected  areas within  the  identified 
trends with a view to defining drill targets.

Acquisition of 65% Interest in PedSam Mining Limited (Liberia)

Pursuant to an earn-in  agreement (the "Agreement")  between Sarama and  Pedra 
Mining AS  (Norway)  ("Pedra"),  Sarama  is pleased  to  report  that  it  has 
increased its interest  by a further  15%, for an  aggregate 65% interest,  in 
PedSam.

PedSam is a Liberian entity that is  managed by Sarama which has title to  the 
three exploration licences that  are subject to  the Agreement. The  licences 
are located in Grand Cape Mount,  Gbarpolu and Grand Bassa Counties and  total 
approximately 1,200km² in area (refer Figure 2).

The 65% earn-in milestone was achieved by Sarama having incurred an  aggregate 
of  US$2,000,000  in  eligible  expenditures  across  the  three   exploration 
licences. Pedra currently  holds the  remaining 35% interest  in PedSam,  and 
under the Agreement, Sarama has  the right to earn  a 90% interest in  PedSam, 
with the ability to acquire 100% of PedSam subject to certain conditions being
met.

Sarama expects to increase its interest in PedSam to 80% during 2013,  subject 
to achieving prescribed earn-in milestones.

Sarama's President and CEO, Andrew Dinning, commented:

"We are  encouraged by  the results  of the  geochemical survey  at  Gbarpolu, 
particularly when  viewed in  combination with  the trends  identified by  the 
airborne geophysical surveys conducted. The 11km-long anomalous zone presents
a  significant  target  for  exploration  work  and  further  illustrates  the 
prospectivity of our Liberian property portfolio." 

For further information on the Company's activities, please contact:

Andrew Dinning or Paul Schmiede
email:info@saramaresources.com
telephone:+61 8 9363 7600

Neither TSX Venture  Exchange nor  its Regulation Services  Provider (as  that 
term  is  defined   in  policies   of  the  TSX   Venture  Exchange)   accepts 
responsibility for the adequacy or accuracy of this release.

About Sarama Resources Ltd

Sarama Resources Ltd is a Canadian company with a focus on the exploration and
development of  gold deposits  in West  Africa. The  board of  directors  and 
management team, a majority of whom are founders of the Company, are  seasoned 
resource industry professionals with  extensive experience in the  exploration 
and development of world-class gold projects in Africa.

The South Houndé Project in south-west Burkina Faso is the Company's  flagship 
property and is currently  the focus of an  aggressive exploration program  to 
increase the size of its maiden  discovery and to test gold-in-soil  anomalies 
located in a 30km-long structural  corridor. Recent drilling programs at  the 
South Houndé Project  have intersected significant  mineralisation in  several 
prospect areas which the  Company is actively following  up. The Company  has 
built substantial  early stage  exploration  landholdings in  prospective  and 
underexplored areas of  Burkina Faso  (~3,100 km²), Liberia  (~2,400 km²)  and 
Mali (~560 km²) and is aggressively exploring across the property portfolio.

Figure 1: Geochemical Anomalies Superimposed on Magnetic Image - Gbarpolu
Property

Figure 2: Sarama's Exploration Properties in Liberia

Caution Regarding Forward Looking Statements
Information in this news  release that is not  a statement of historical  fact 
constitutes forward-looking  information.  Such  forward-looking  information 
includes statements  regarding  the Company's  planned  exploration  programs, 
including when  results may  be  available and  when  the Company  expects  to 
increase its interest in the  PedSam properties. Actual results,  performance 
or achievements of  the Company may  vary from the  results suggested by  such 
forward-looking statements due to known  and unknown risks, uncertainties  and 
other factors.  Such  factors  include,  among others  that  the  business  of 
exploration for gold  and other precious  minerals involves a  high degree  of 
risk and is highly speculative in nature; few properties that are explored are
ultimately developed  into producing  mines;  geological factors;  the  actual 
results of current and  future exploration; changes  in project parameters  as 
plans continue to  be evaluated,  as well as  those factors  disclosed in  the 
Company's publicly filed documents.

There can be no assurance that  any mineralisation that is discovered will  be 
proven to  be  economic,  or  that future  required  regulatory  licensing  or 
approvals will be obtained. However, the Company believes that the assumptions
and expectations reflected in the forward-looking information are  reasonable. 
Assumptions have  been  made  regarding, among  other  things,  the  Company's 
ability to carry on  its exploration activities,  the sufficiency of  funding, 
the timely receipt of required approvals, the price of gold and other precious
metals, that the Company will not be affected by adverse political events, the
ability of the Company  to operate in a  safe, efficient and effective  manner 
and the  ability  of the  Company  to obtain  further  financing as  and  when 
required and on reasonable terms. Readers  should not place undue reliance  on 
forward-looking information.

Sarama does not undertake to update any forward-looking information, except as
required by applicable laws.

Notes - Soil Geochemistry
Soil geochemistry results are reported as  processed data for a population  of 
raw assay  results. The  effects of  mechanical and  chemical  concentration, 
weathering, and  the  topographical  and vegetative  settings  have  not  been 
presented and therefore  results reflect a  first-pass exploration phase.  No 
top-cuts were applied to assay grades.

Sarama undertakes  geological sampling  and assaying  in accordance  with  its 
QA/QC  program  which  includes  the  use  of  certified  standard   reference 
materials, uncertified blank reference  materials and field duplicates.  Gold 
assay work was undertaken  by the SGS S.A.  laboratories in Monrovia,  Liberia 
and Tarkwa,  Ghana. Assays  are determined  by  aqua regia  digest of  a  50g 
charge, followed by solvent extraction and an AAS finish with a 2ppb Au  lower 
detection limit.

Soil samples were collected from holes with a nominal diameter of 200mm  which 
were manually  excavated to  a depth  of approximately  400-500mm. Holes  were 
spaced on a  regular grid measuring  400m (east-west) x  50m north-south),  or 
200m (east-west)  x  50m  (north-south) where  higher  priority  targets  were 
identified. Field samples of 2-3kg were collected from each hole, after which
a sub-sample was produced by sieving for assaying.

The gold-in-soil anomaly represented for the Gbarpolu property were delineated
using the 95^th percentile of the samples' Au grade population (Au >20ppb).

Qualified Person's Statement
Scientific or technical information in this  news release that relates to  the 
Company's exploration activities in Liberia  is based on information  compiled 
or approved  by  John  Mpambije.  John Mpambije  is  an  employee  of  Sarama 
Resources Ltd and is a Chartered  Professional member in good standing of  the 
Australasian Institute of Mining and Metallurgy and has sufficient  experience 
which  is  relevant   to  the   commodity,  style   of  mineralisation   under 
consideration and activity which he is  undertaking to qualify as a  Qualified 
Person under  National  Instrument  43-101. John  Mpambije  consents  to  the 
inclusion in this news release of the information, in the form and context  in 
which it appears.

SOURCE Sarama Resources Limited