Fatality at Palito Complex

Fatality at Palito Complex

Serabi Gold plc (“Serabi” or the “Firm”) (AIM:SRB, TSX:SBI, OTCQX:SRBIF), the Brazilian targeted gold mining and growth firm, regrets to announce an incident occurred leading to a fatality at its Palito underground operation on 30 January 2026. The incident was associated to a site visitors accident underground at the Palito Complex. No different personnel had been injured.

The Firm has notified the related authorities, together with the police, and are offering all vital help for the enquiries into the incident. The involvement of the Brazilian authorities implies that investigations into the circumstances stay ongoing. Manufacturing within the space of the incident is anticipated to be resumed inside a couple of days as soon as the authorities have accomplished their enquiries, however mining operations are in any other case unaffected.

Till such a time as the end result of the enquiries has been reached, no additional particulars could be launched. The Administrators and administration of Serabi categorical their honest condolences to the household and colleagues of the deceased and the Firm is offering all vital assist to the household. The Firm’s instant precedence is to make sure the protection and well-being of our colleagues and is offering acceptable assist to employees throughout this time.

Mike Hodgson, CEO of Serabi, commented:

“We’re deeply saddened at this tragic occasion, having misplaced two workers in a brief interval. It’s doubly saddening as a result of we’ve simply accomplished an outstanding 12 months of well being and security efficiency. Guaranteeing the well being and security of our workforce is our highest precedence and we’re taking instant motion to overview the effectiveness and security of all our operations. We prolong our heartfelt condolences and assist to the household and associates of the deceased, and to all our workers throughout this troublesome time.”

About Serabi Gold plc
Serabi Gold plc is a gold exploration, growth and manufacturing firm targeted on the prolific Tapajós area in Para State, northern Brazil. The Firm has constantly produced 30,000 to 40,000 ounces per 12 months with the Palito Complex and is planning to double manufacturing within the coming years with the development of the Coringa Mine. Serabi Gold plc not too long ago made a copper-gold porphyry discovery on its in depth exploration licence. The Firm is headquartered in the UK with a secondary workplace in Toronto, Ontario, Canada.

The knowledge contained inside this announcement is deemed by the Firm to represent inside data as stipulated below the Market Abuse Laws (EU) No. 596/2014 because it kinds a part of UK Home Regulation by advantage of the European Union (Withdrawal) Act 2018.

The one who organized for the discharge of this announcement on behalf of the Firm was Andrew Khov, Vice President, Investor Relations & Enterprise Improvement.

Enquiries

SERABI GOLD plc
Michael Hodgson        t +44 (0)20 7246 6830
Chief Govt        m +44 (0)7799 473621

Colm Howlin        
Chief Monetary Officer        m +353 89 6078171

Andrew Khov         m +1 647 885 4874
Vice President, Investor Relations &
Enterprise Improvement
        e contact@serabigold.com

        www.serabigold.com

BEAUMONT CORNISH Restricted
Nominated Adviser & Monetary Adviser
Roland Cornish / Michael Cornish        t +44 (0)20 7628 3396

PEEL HUNT LLP
Joint UK Dealer
Ross Allister / Georgia Langoulant        t +44 (0)20 7418 9000

TAMESIS PARTNERS LLP
Joint UK Dealer
Charlie Bendon/ Richard Greenfield        t +44 (0)20 3882 2868

CAMARCO
Monetary PR – Europe
Gordon Poole / Fergus Younger                t +44 (0)20 3757 4980

Assay Outcomes
Assay outcomes reported inside this launch embody these supplied by the Firm’s personal on-site laboratory amenities at Palito and haven’t but been independently verified. Serabi carefully displays the efficiency of its personal facility in opposition to outcomes from unbiased laboratory evaluation for high quality management function. As a matter of regular observe, the Firm sends duplicate samples derived from quite a lot of the Firm’s actions to accredited laboratory amenities for unbiased verification. Since mid-2019, over 10,000 exploration drill core samples have been assayed at each the Palito laboratory and authorized exterior laboratory, normally the ALS laboratory in Belo Horizonte, Brazil. When evaluating important assays with grades exceeding 1 g/t gold, comparability between Palito versus exterior outcomes file a mean over-estimation by the Palito laboratory of 6.7% over this era. Based mostly on the outcomes of this work, the Firm’s administration are glad that the Firm’s personal facility exhibits sufficiently good correlation with unbiased laboratory amenities for exploration drill samples. The Firm would anticipate that within the preparation of any future unbiased Reserve/Useful resource assertion undertaken in compliance with a acknowledged customary, the unbiased authors of such an announcement wouldn’t use Palito assay outcomes with out adequate duplicates from an appropriately certificated laboratory.

Ahead-looking statements
Sure statements on this announcement are, or could also be deemed to be, ahead trying statements. Ahead trying statements are identified by their use of phrases and phrases equivalent to ‘‘consider’’, ‘‘may’’, “ought to” ‘‘envisage’’, ‘‘estimate’’, ‘‘intend’’, ‘‘might’’, ‘‘plan’’, ‘‘will’’ or the damaging of these, variations or comparable expressions, together with references to assumptions. These forward-looking statements should not based mostly on historic details however moderately on the Administrators’ present expectations and assumptions concerning the Firm’s future progress, outcomes of operations, efficiency, future capital and different expenditures (together with the quantity, nature and sources of funding thereof), aggressive benefits, enterprise prospects and alternatives. Such ahead trying statements reflect the Administrators’ present beliefs and assumptions and are based mostly on data at present out there to the Administrators. A number of components may trigger precise outcomes to vary materially from the outcomes mentioned within the forward-looking statements together with dangers related to vulnerability to normal financial and enterprise situations, competitors, environmental and different regulatory modifications, actions by governmental authorities, the provision of capital markets, reliance on key personnel, uninsured and underinsured losses and different components, lots of that are past the management of the Firm. Though any forward-looking statements contained on this announcement are based mostly upon what the Administrators consider to be affordable assumptions, the Firm can’t guarantee traders that precise outcomes shall be per such ahead trying statements.

Certified Individuals Assertion
The scientific and technical data contained inside this announcement has been reviewed and permitted by Michael Hodgson, a Director of the Firm. Mr Hodgson is an Financial Geologist by coaching with over 30 years’ expertise within the mining business. He holds a BSc (Hons) Geology, College of London, a MSc Mining Geology, College of Leicester and is a Fellow of the Institute of Supplies, Minerals and Mining and a Chartered Engineer of the Engineering Council of UK, recognizing him as each a Certified Particular person for the needs of Canadian Nationwide Instrument 43-101 and by the AIM Steering Observe on Mining and Oil & Gasoline Firms dated June 2009.

Discover
Beaumont Cornish Restricted, which is authorised and controlled in the UK by the Monetary Conduct Authority, is appearing as nominated adviser to the Firm in relation to the issues referred herein. Beaumont Cornish Restricted is appearing completely for the Firm and for nobody else in relation to the issues described on this announcement and isn’t advising another particular person and accordingly won’t be accountable to anybody apart from the Firm for offering the protections afforded to purchasers of Beaumont Cornish Restricted, or for offering recommendation in relation to the contents of this announcement or any matter referred to in it.

Neither the Toronto Inventory Trade, nor another securities regulatory authority, has permitted or disapproved of the contents of this information launch

See www.serabigold.com for extra data and comply with us on X @Serabi_Gold