SBI Serabi Gold Plc

Serabi Gold plc (AIM: SRB) (TSX: SBI), the Brazilian focused gold mining and exploration company, announces that it received on 19 August 2013 the following TR1 Form.

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TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
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1. Identity of the issuer or the underlying
issuer of existing shares to which voting                    Serabi Gold plc
rights are attached:(ii)
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2 Reason for the notification (please tick the appropriate box or boxes):
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An acquisition or disposal of voting rights                            X
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An acquisition or disposal of qualifying financial instruments
which may result in the acquisition of shares already issued to
which voting rights are attached
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An acquisition or disposal of instruments with similar economic
effect to qualifying financial instruments
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An event changing the breakdown of voting rights
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Other (please specify):
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3. Full name of person(s) subject to the
notification obligation:(iii)                                Drake PIPE Fund
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4. Full name of shareholder(s)
 (if different from 3.):(iv)
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5. Date of the transaction and date on
which the threshold is crossed or                              7 August 2013
reached:(v)
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6. Date on which issuer notified:                              8 August 2013
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7. Threshold(s) that is/are crossed or
reached:(vi, vii)                                              From 6% to 7%
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8. Notified details:
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A: Voting rights attached to shares(viii, ix)
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Class/type  Situation previous to Resulting situation after the triggering
of shares ifthe triggering        transaction
possible    transaction
using the
ISIN CODE
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           Number of  Number of  Number of  Number of voting  % of voting
           Shares     Voting     shares     rights            rights (x)
                      Rights
                                 -------------------------------------------
                                            Direct    Indirect      Indirect
                                 Direct     (xi)      (xii)   Direct
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           31,569,686 31,569,686 31,969,686 31,969,686        7.00

GB00B4T0YL77
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B: Qualifying Financial Instruments
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Resulting situation after the triggering transaction
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Type of financial    Expiration    Exercise/Conv Number of     % of voting
instrument           date(xiii)    ersion        voting rights rights
                                   Period(xiv)   that may be
                                                 acquired if
                                                 the
                                                 instrument is
                                                 exercised/con
                                                 verted.
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N/A
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C: Financial Instruments with similar economic effect to Qualifying
Financial Instruments (xv, xvi)
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Resulting situation after the triggering transaction
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Type of       Exercise  Expiration  Exercise/     Number of   % of voting
financial     price     date (xvii) Conversion    voting      rights (xix,
instrument                          period(xviii) rights      xx)
                                                  instrument
                                                  refers to
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N/A                                                           Nominal Delta
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Total (A+B+C)
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Number of voting rights                       Percentage of voting rights
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31,969,686                                    7.00
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9. Chain of controlled undertakings through which the voting rights and/or
the financial instruments are effectively held, if applicable:(xxi)
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 N/A
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Proxy Voting:
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10. Name of the proxy holder:                                            N/A
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11. Number of voting rights proxy holder will cease to
hold:                                                                    N/A
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12. Date on which proxy holder will cease to hold voting
rights:                                                                  N/A
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13. Additional information:
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14. Contact name:                                           Ricardo Aldunate
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15. Contact telephone number:                                 +56 2 393 5319
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Ricardo Aldunate +56 2 393 5319