Serabi Gold appoints new executive director

LONDON - Serabi Gold plc (AIM:SRB, (TSX:SBI), OTCQX:SRBIF), a gold mining and development company focusing on Brazil, announced the appointment of Mr. Colm Howlin as an Executive Director, effective immediately. Mr. Howlin, previously serving as the Chief Financial Officer since December 31, 2024, joined the Board of Directors following his tenure with the company since 2013.

Mr. Howlin, a Chartered Accountant from Ireland, brings extensive experience to his new role, having worked in Brazil with KerryGroup Latam prior to his engagement with Serabi. Michael Lynch-Bell, Chair of Serabi, expressed his satisfaction with the appointment, citing Mr. Howlin’s 11 years of commitment to the company and his recent performance as CFO.

The company also disclosed Mr. Howlin’s past directorships and partnerships, noting that he currently holds no ordinary shares in Serabi. However, he is interested in a total of 472,360 conditional share awards under the Serabi 2020 Restricted Share Plan, with varying vesting schedules and performance criteria based on Total (EPA:TTEF) Shareholder Return, Return on Capital Employment, and Return on Sales.

Serabi Gold, headquartered in the UK with a secondary office in Toronto, operates the Palito Complex in the Tapajós region of Para State, northern Brazil. The company has consistently produced between 30,000 to 40,000 ounces of gold annually and is planning to double production with the upcoming Coringa Gold project. Additionally, Serabi Gold has recently made a copper-gold porphyry discovery within its exploration license area.

The information provided is based on a press release statement from Serabi Gold plc and includes no independent verification of the assay results reported by the company’s on-site laboratory facilities at Palito. The company has stated that it monitors the performance of its facility against independent laboratory analysis for quality control purposes.

This announcement does not contain forward-looking statements and is solely based on current expectations and assumptions by the company’s directors. The appointment of Mr. Howlin as an Executive Director reflects the ongoing strategic development of Serabi Gold’s leadership team as it continues to focus on gold production and exploration in Brazil.

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