For immediate release 11 February 2026 Serabi Gold plc("Serabi" or the "Company")Holding(s) in Company The Board of Serabi announces that the Company has received the following TR-1 notification which is set out below. Enquiries: Serabi Gold plc Michael HodgsonTel: +44 (0) 20 7246 6830Chief ExecutiveMobile: +44 (0) 7799 473621 Andrew Khov Vice President, Investor Relations & Business Development<td ...

Update on Recent Incidents at Palito Complex and Coringa Mine Serabi Gold plc (“Serabi” or the “Company”) (AIM:SRB, TSX:SBI, OTCQX:SRBIF), the Brazilian focused gold mining and development company, provided the following update regarding last week’s incidents at Palito Complex and Coringa mine. The Company confirms that mining and milling operations were at no point interrupted and continue to progress according to budget. The Company has complied with protocols of all relevant agencies and authorities rega ...

Core Viewpoint - A fatal incident occurred at Serabi Gold's Palito underground operation, resulting in one employee's death due to a traffic accident underground, with no other personnel injured [1][2]. Incident Details - The company has notified relevant authorities, including the police, and is providing assistance for the ongoing investigations [2]. - Production in the area of the incident is expected to resume within a few days after the authorities complete their inquiries, while other mining operations remain unaffected [2]. Company Response - The Directors and management of Serabi express condolences to the family and colleagues of the deceased and are providing necessary support to the family [3]. - The company prioritizes the safety and well-being of its workforce and is reviewing the effectiveness and safety of all operations following the incident [4]. Company Overview - Serabi Gold plc is focused on gold exploration, development, and production in the Tapajós region of Brazil, consistently producing between 30,000 to 40,000 ounces per year from the Palito Complex [5]. - The company plans to double its production in the coming years with the construction of the Coringa Mine and has made a recent copper-gold porphyry discovery [5].

Fatality at Coringa Mine Serabi Gold plc (“Serabi” or the “Company”) (AIM:SRB, TSX:SBI, OTCQX:SRBIF), the Brazilian focused gold mining and development company, regrets to announce an accident occurred resulting in a fatality at its Coringa underground operation on 25 January 2026. The accident was related to mining activity at a production face. No other personnel were injured in the incident. The Company has notified the relevant authorities, including the police, and are providing all necessary assistanc ...

Core Viewpoint - Serabi Gold plc reported a record annual gold production of 44,169 ounces for FY2025, achieving an 18% increase compared to FY2024, driven by the ramp-up of the Coringa Mine and successful operational strategies [3][4][7]. Production Highlights - The company achieved quarterly gold production of 11,534 ounces in Q4-2025, marking a 15% increase from Q4-2024 [7]. - Total mined ore for Q4-2025 was 55,899 tonnes at an average grade of 6.65 g/t Au, compared to 51,625 tonnes at 7.24 g/t Au in Q3-2025 [9]. - The Palito Complex processed 55,607 tonnes at 6.63 g/t Au in Q4-2025, reflecting operational efficiency [9][10]. Financial Performance - Cash balance at the end of December 2025 was $49.2 million, up from $22.2 million at the end of December 2024, with a net cash balance of $42.1 million after liabilities [12]. - The company anticipates further growth in cash balance and production in 2026, with guidance set at 53,000 to 57,000 ounces of gold [8][13]. Exploration and Growth Strategy - An aggressive 30,000 metre brownfield exploration programme was completed, with encouraging drilling results leading to the discovery of new zones [6]. - The company aims to increase its mineral resource inventory to between 1.5 million ounces and 2.0 million ounces of gold as part of its Phase II growth strategy [6]. Operational Developments - The Coringa Mine's ramp-up continues, with successful mechanized mining operations contributing to production growth [4][5]. - The ore sorter technology has been pivotal in processing low-grade ore, enhancing overall production efficiency [5].

Core Viewpoint - Serabi Gold plc reported a record annual gold production of 44,169 ounces for FY2025, achieving an 18% increase compared to FY2024, driven by the ramp-up of the Coringa Mine and successful operational strategies [3][4][7]. Production Highlights - The company achieved quarterly gold production of 11,534 ounces in Q4-2025, marking a 15% increase from Q4-2024 [7]. - Total mined ore for Q4-2025 was 55,899 tonnes at an average grade of 6.65 g/t Au, compared to 51,625 tonnes at 7.24 g/t Au in Q3-2025 [10][11]. - The Palito Complex processed 55,607 tonnes at 6.63 g/t Au in Q4-2025, reflecting operational efficiency [10]. Financial Performance - Cash balance at the end of December 2025 was $49.2 million, up from $22.2 million at the end of December 2024, with a net cash balance of $42.1 million after liabilities [15]. - The company anticipates further growth in cash balance and production in 2026, with guidance set at 53,000 to 57,000 ounces of gold [9][16]. Exploration and Growth Strategy - An aggressive 30,000 metre brownfield exploration programme was completed, with encouraging drilling results leading to the discovery of new zones [6]. - The company aims to increase its mineral resource inventory to between 1.5 million ounces and 2.0 million ounces of gold as part of its Phase II growth strategy [6]. Operational Developments - The Coringa Mine's ramp-up continues, with successful mechanized mining operations contributing to production growth [4][5]. - The ore sorter technology has been pivotal in processing low-grade ore, enhancing overall production efficiency [5].

Core Insights - Serabi Gold plc reported strong financial and operational performance for the nine months ending September 30, 2025, with significant increases in gold production and profitability compared to the same period in 2024 [6][8][11]. Financial Performance - Gold production increased by 19% year-on-year, totaling 32,634 ounces compared to 27,499 ounces in 2024 [5][10]. - EBITDA rose by 95% to $48.2 million from $24.7 million in the previous year [5][11]. - Cash inflow from operations reached $34.3 million, an 88% increase from $18.2 million in 2024 [5][10]. - Earnings per share (EPS) increased by 96% to 46.10 cents from 23.55 cents in 2024 [5][10]. - The All-In Sustaining Cost (AISC) averaged $1,816 per ounce, a slight increase of 1% from $1,790 per ounce in 2024 [5][10]. Cash and Balance Sheet - The company ended the quarter with a cash balance of $38.8 million, up from $22.2 million at the end of 2024 [7][10]. - Net cash at the end of Q3-2025 was $33.0 million, compared to $16.2 million at the end of 2024 [12][10]. - Total revenue for the nine-month period was $104.5 million, compared to $70.3 million in 2024 [14]. Operational Highlights - Exploration and resource development drilling continued, with approximately 27,937 meters completed year-to-date, supporting the goal of increasing resources to the 1.5-2.0 million ounces range [9][11]. - The ore sorter at Coringa has been operational for nine months, processing low-grade ore and contributing to higher-than-expected gold production [13]. Future Outlook - The company remains on track to meet full-year guidance and is well-positioned for continued growth into 2026, supported by strong cash generation and a solid balance sheet [11].

Core Insights - Serabi Gold plc reported strong financial and operational performance for the nine months ending September 30, 2025, with significant increases in gold production, EBITDA, and cash inflow compared to the same period in 2024 [5][6][10]. Financial Performance - Gold production increased by 19% year-on-year, totaling 32,634 ounces for the nine-month period [4][8]. - EBITDA rose by 95% to $48.2 million, driven by higher gold prices and production volumes [4][6]. - Cash inflow from operations reached $34.3 million, an 88% increase from the previous year [4][6]. - Earnings per share (EPS) increased by 96% to 46.10 cents [4][9]. - The average gold price received was $3,244 per ounce, compared to $2,338 in the same period of 2024 [8][13]. Cost Metrics - All-In Sustaining Cost (AISC) averaged $1,816 per ounce, reflecting a slight increase of 1% from the previous year [4][15]. - Cash cost per ounce was $1,429, up from $1,405 in 2024 [15]. Cash and Balance Sheet - The company ended the quarter with a cash balance of $38.8 million, up from $22.2 million at the end of 2024 [6][8]. - Net cash at quarter-end was $33.0 million, an increase from $24.6 million in Q2 2025 [8][11]. Operational Developments - Exploration and resource development drilling continued, with approximately 27,937 meters completed year-to-date, aiming to increase resources to the 1.5-2.0 million ounces range [9][10]. - The ore sorter at Coringa has been operational for nine months, processing low-grade ore and exceeding production expectations [12]. Future Outlook - The company remains well-positioned for continued growth into 2026, supported by strong cash generation and a solid balance sheet [10].

Core Viewpoint - Serabi Gold plc reported a record quarterly gold production of 12,090 ounces in Q3-2025, marking a 27% increase from Q3-2024, and is on track to meet its 2025 production guidance of 44,000 to 47,000 ounces [4][21]. Operational Highlights - The company achieved a total of 3,875 meters of horizontal development in Q3-2025, a 17% increase compared to Q3-2024 [4]. - Cash balance as of September 30, 2025, was $38.8 million, up from $30.4 million at the end of Q2-2025, with a net cash position of $33.0 million [4][18]. - Year-to-date gold production reached 32,635 ounces, indicating strong performance towards the annual guidance [6]. Production Details - Gold production increased by 27% compared to Q3-2024, driven by improved grades at both the Palito Complex and Coringa, with average plant feed grades rising from 5.43 g/t Au to nearly 7.0 g/t Au [7]. - The Palito Complex produced 5,246 ounces in Q3-2025, while Coringa contributed 6,843 ounces [15]. - The company reported significant intercepts from its drilling program, including high-grade results from various drill holes at both the Palito and Coringa sites [4][13]. Exploration and Development - The ongoing 30,000-meter brownfield surface drill program has led to the discovery of a new orebody at Coringa and extensions of existing zones [4][13]. - The company is advancing development in the Serra and Meio zones at Coringa, with the Galena zone expected to contribute significantly in 2026 [11][12]. - The Palito Complex has seen improved grades, with year-to-date mined grades of 6.21 g/t Au compared to 4.56 g/t Au in the same period of 2024 [12]. Financial Performance - The cash balance increased significantly from $22.2 million at the end of December 2024 to $38.8 million by September 2025, reflecting strong operational performance [18]. - The company repaid a $5.0 million unsecured loan and secured a new $5.0 million loan from Banco Santander, indicating a stable financial position [18]. Future Outlook - The company remains on track to achieve its production guidance for 2025, supported by strong operational results and favorable gold prices [14][21]. - The ongoing exploration efforts are expected to enhance the mineral resource inventory, targeting an increase to 1.5 million to 2.0 million ounces of gold [13].

Core Insights - Serabi Gold has filed a detailed Technical Report for its Palito Complex, which includes updated mineral resource and reserve estimates [1][2] - The report is prepared by NCL Ingeniería y Construcción SpA and complies with NI 43-101 standards [2][3] - The Palito Complex is located in Pará State, Brazil, and the company aims to double its production in the coming years [5] Technical Report Details - The Technical Report is titled "Palito Mining Complex, NI 43-101 Technical Report, Pará State, Brazil" and is effective as of March 31, 2025 [1][2] - The report supports the scientific and technical disclosure related to the mineral resource and reserve estimates [1] Company Overview - Serabi Gold plc focuses on gold exploration, development, and production in the Tapajós region of Brazil [5] - The company has consistently produced between 30,000 to 40,000 ounces of gold annually from the Palito Complex [5] - Plans are in place to increase production through the construction of the Coringa Gold project [5] Qualified Persons - The Technical Report has been reviewed and approved by qualified persons under NI 43-101 standards [2][3] - Michael Hodgson, a Director of the Company, has reviewed the scientific and technical information and is recognized as a Qualified Person [10]