Exploration Update for 2026 Brownfield Exploration Programme at Palito and Coringa Delivering High Grade Results

Exploration Update for 2026 Brownfield Exploration Programme at Palito and Coringa Delivering High Grade Results

Serabi Gold plc (“Serabi” or the “Company”) (AIM:SRB, TSX:SBI, OTCQX:SRBIF), the Brazilian-focused gold mining and development company, is pleased to provide an update on the 2026 brownfield exploration programme at Palito Complex and Coringa Mine .

The primary objective of the 2026 brownfield drill programme is to expand the Company’s known gold resources by targeting high probability near mine mineralization at Palito Complex (“ Palito ”) and Coringa Mine (“ Coringa ”) as part of Phase II of the Company’s organic growth strategy to expand the Group mineral inventory to 1.5Moz+.

All validated results will be incorporated into updated Mineral Resource Estimates for Palito and Coringa, expected during Q1-2027.

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“Phase II of our organic growth strategy continues to yield success with the drill bit in the second year of our brownfield exploration drilling programme at Palito and Coringa. Today’s published high-grade drill results demonstrate the potential to delineate a larger resource at both Palito and Coringa to support production growth. We expect to conclude the 2026 brownfield exploration programme in October 2026 with an updated mineral resource estimate for both Palito and Coringa targeted for Q1-2027, incorporating the drill results since our last update.