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Address: 66 Lincoln's Inn Fields
London WC2A 3LH
Phone: 44 0 20 7246 6830
Fax: 44 0 20 7246 6831

Warrant Symbol - SBI.WT
Number  Trading - 9,535,000
Expiration Date - December 2, 2012
Cusip - G8063R 14 2
Exercise Price - $0.75

Warrants called to trade news:

Serabi Mining plc To Trade On Toronto Stock Exchange

March 28, 2011
Serabi Mining plc (the “Company”) - An application has been granted for the original listing in the Mining category of 83,038,529 ordinary shares (the “Ordinary Shares”) of the Company, of which 63,968,529 shares will be issued and outstanding and 19,070,000 shares will be reserved for issuance upon completion of the maximum initial public offering (the “Offering”).

An application has also been granted for the listing of 9,535,000 ordinary share purchase warrants (the “Warrants”), all of which will be issued and outstanding, again assuming completion of the maximum Offering.

The Ordinary Shares and Warrants will be sold to the public in the form of units (the “Units”) with a minimum of 4,600,000 Units and a maximum of 9,000,000 Units being offered for sale at a price of $0.55 per Unit. Each Unit will consist of one Ordinary Share and one-half of one Warrant. Each whole Warrant will entitle the holder to acquire one Ordinary Share at a price of $0.75 per share at any time prior to 5:00 p.m. (Toronto time) on December 2, 2012. The Units will separate immediately upon issuance.

Listing of the Ordinary Shares and Warrants will become effective at 5:01 p.m. on Tuesday, March 29, 2011 in anticipation of the Offering closing before the opening on Wednesday, March 30, 2011. The Ordinary Shares and Warrants will be posted for trading at the opening on March 30, 2011.

The Company is subject to the reporting requirements of Section 501 of the Toronto Stock Exchange Company Manual.

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