Serabi Gold plc ("Serabi" or the "Company") Appointment of New Director

Serabi Gold plc ("Serabi" or the "Company") Appointment of New Director 
LONDON -- (Marketwired) -- 07/29/13 --  Serabi Gold plc (AIM: SRB)
(TSX: SBI), the Brazilian focused gold mining and exploration
company, is pleased to announce the appointment of Mr. Daniel Kunz as
a Non-Executive Director of the Company with immediate effect. Mr.
Kunz was previously Chairman of Kenai Resources Ltd ("Kenai") and has
joined the Board Directors of Serabi following the completion of the
acquisition by Serabi of Kenai on 18 July 2013. 
Mr. Kunz has more than 30 years of experience in the mining industry
and has held various executive level positions in a number of mining
companies, including Turquoise Hill Resources Ltd (NYSE: TRQ)
(formerly Ivanhoe Mines Ltd) where he served as President, Chief
Operating Officer and Director from 1997 to 2003 and led the team
that discovered Oyu Tolgoi, one of the world's largest copper-gold
deposits.  
In 2003 Mr. Kunz founded a geothermal renewable energy company by
acquiring the Raft River geothermal test site in his home state of
Idaho. Mr. Kunz led the subsequent IPO of US Geothermal Inc (NYSE:
HTM) on the Toronto Stock Exchange (the"TSX")and NYSE in 2004 and
then led U.S. Geothermal Inc in its development and construction of
three new geothermal power plant projects, retiring as chief
executive and a member of the board of directors in April 2013.  
In June 2013 Mr. Kunz was appointed Executive Chairman of Zinco do
Brasil Inc. (ZNBR), a mine development company focused on bringing
into production an advanced stage zinc project in Brazil.  
Mr. Kunz holds a Masters of Business Administration and a Bachelor of
Science in Engineering.  
Mr. Daniel (Dan) James Kunz, 61, has held the following directorships
and /or partnerships in the last 5 years: 


 
                                                                  
Current                          Past                             
------------------------------------------------------------------
Chesapeake Gold Corp             U.S. Geothermal Inc              
Silver Bull Resources            Jinshan Gold Mines Inc.          
Gunpoint Exploration Ltd         Sharprock Resources Inc.         
Kazax Minerals Inc               Kenai Resources Ltd              
Zinco do Brasil Inc.                                              

 
Mr. Kunz is interested in 5,564,726 Serabi shares and under the terms
of the acquisition of Kenai has received the following share options
that replace the options he previously held to acquire shares in
Kenai. 


 
                                                                  
Number of options     Exercise price        Expiry                
127,500                C$0.2941             7 June 2016           

 
There is no further information on Mr. Kunz required to be disclosed
under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for
Companies. 
Enquiries: 
Serabi Gold plc 
 Michael Hodgson 
 Chief Executive 
 Tel: +44 (0)20
7246 6830
 Mobile: +44 (0)7799 473621 
Clive Line 
 Finance Director
 Tel: +44 (0)20 7246 6830 
 Mobile: +44
(0)7710 151692 
 Email: contact@serabigold.com 
 Website:
www.serabigold.com  
Beaumont Cornish Limited
 Nominated Adviser 
 Roland Cornish 
 Tel:
+44 (0)20 7628 3396
 Michael Cornish 
 Tel: +44 (0)20 7628 3396 
Peel Hunt LLP
 UK Broker 
 Matthew Armitt 
 Tel: +44 (0)20 7418 9000 
Andy Crossley 
 Tel: +44 (0)20 7418 9000 
Blythe Weigh Communications Ltd
 Public Relations 
 Tim Blythe 
 Tel:
+44 (0)20 7138 3204
 Mobile: +44 7816 924626
 Eleanor Parry 
 Tel:
+44 (0)20 7138 3206
 Mobile: +44 7551 293620 
Copies of this release are available from the Company's website at
www.serabigold.com. 
Neither the Toronto Stock Exchange, nor any other securities
regulatory authority, has approved or disapproved of the contents of
this news release. 
Enquiries: 
Serabi Gold plc 
Michael Hodgson 
Chief Executive 
Tel: +44 (0)20 7246 6830
Mobile: +44 (0)7799 473621