Serabi Gold plc - Change of Company Name

LONDON -- (Marketwire - Oct 17, 2011) - Serabi Mining plc (AIM: SRB) (TSX: SBI) (TSX: SBI.WT), the Brazilian focused gold exploration Company, is pleased to announce that further to shareholder approval granted at its last Annual General Meeting the directors have completed the process of a change of name to Serabi Gold plc with immediate effect. The Company's shares will commence trading under the new name effective from 18 October 2011 on AIM and the TSX. The ticker symbols and ISIN numbers remain unchanged.

In accordance with AIM Rule 26, corporate information continues to be available at the Company's website www.serabimining.com and will be available from the company's new website at www.serabigold.com.

Copies of this release are available from the Company's website at www.serabigold.com and www.serabimining.com



Forward-looking statements

This press release contains forward-looking statements. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding the estimation of mineral resources, exploration results, potential mineralization, potential mineral resources and mineral reserves) are forward-looking statements. Forward-looking statements are often identifiable by the use of words such as "anticipate", "believe", "plan", may", "could", "would", "might" or "will", "estimates", "expect", "intend", "budget", "scheduled", "forecasts" and similar expressions or variations (including negative variations) of such words and phrases. Forward-looking statements are subject to a number of risks and uncertainties, many of differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, the price of gold and other risks identified in the Company's most recent annual information form filed with the Canadian securities regulatory authorities on SEDAR.com. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement.


Qualified Persons Statement

The information contained within this announcement has been reviewed and verified by Michael Hodgson, CEO of the Company. Mr Hodgson is an Economic Geologist by training with over 25 years' experience in the mining industry. He holds a BSc (Hons) Geology, University of London, a MSc Mining Geology, University of Leicester and is a Fellow of the Institute of Materials, Minerals and Mining and a Chartered Engineer of the Engineering Council of UK, recognizing him as both a Qualified Person for the purposes of Canadian National Instrument 43-101 and by the AIM Guidance Note on Mining. Oil and Gas Companies dated March 2006.


Quality Assurance and Quality Control Procedures Disclosure

The Company has implemented and maintains a Serabi quality assurance/quality control (QA/QC) protocol at its JDO Project as defined in its "NI 43-101 Technical Report for the Jardim Do Ouro Project, Para State, Brazil" dated 22 December 2010. This ensures best industry practice in sampling and analysis of exploration and resource definition samples. The insertion of field duplicates, certified standards and blank samples into the sample stream form part of the Serabi procedure (these act as an independent check on contamination, precision and accuracy in the analytical laboratory).

Assay results are reported once rigorous QAQC procedures have been approved

Neither the Toronto Stock Exchange, nor any other securities regulatory authority, has approved or disapproved of the contents of this news release.



Contact Information

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

Fox Davies Capital Ltd
UK Broker
Simon Leathers
Tel: 44 (0)20 3463 5010

Jonathan Evans
Tel: 44 (0)20 3463 5010

Farm Street Communications
Public Relations
Simon Robinson
Tel: 44 (0)7593 340107

Fig House Communications
Investor Relations
Rebecca Greco
Tel: 1 416 822 6483