Serabi Gold plc updated the market on exploration sampling and ongoing drilling from the São Domingos project where surface sampling and mapping has highlighted the potential of the Atacadão trend and early exploration drilling has confirmed the density and tenor of gold bearing structures. The Atacadão trend lies two kilometres to the south of the Toucano trend. Atacadão: Atacadão is one of multiple prospects in the São Domingos project acquired by Serabi in 2020. Since its acquisition, Serabi has been evaluating the potential of the project to host economic resources that could provide additional production ounces to the nearby Sao Chico mine. Serabi geologists are assessing a series of target areas identified through geological, geophysical and geochemical methods, including Toucano, Maria Dio, Atacadão, Messias and Pedro trends. Additionally, new multi-element geochemical targets continue to be developed through ongoing regional exploration works. The Atacadão prospect is currently undergoing part of the regional prospect assessment with first pass drilling to determine its economic potential. Commissioning of Airborne Geophysical Survey: Serabi has also commissioned a fixed wing airborne magnetic and radiometric survey to cover the recently acquired São Domingos project. The survey will be completed by the end of the 2021 dry season and will complement the existing magnetic survey coverage Serabi has undertaken on the exploration tenement package. Exploration Results: Atacadão was initially tested in 2006 by the previous permit holders completing eleven drill holes along an 800 metre strike. This drilling intersected several narrow, but high-grade intersections within the trend. Although Serabi has not verified nor validated the results reported, drill intersected grades up to 59.97g/t were reported. More recently Serabi geologists have undertaken a comprehensive field mapping and sampling exercise over a 1.5km x 1.5km area at the Atacadão prospect. As part of this activity, a total of 69 rock chip samples were collected from artisanal workings, geological exposures and field sites. These rock chip samples returned a maximum of 204.77g/t Au (RKSR000684) and an average of 8.33g/t Au. Significantly, 36% of samples returned over 3g/t Au with an average of grade of 22.5g/t Au. The field mapping defined a 300 metre wide east-west corridor of stacked parallel gold bearing structures which has been cut by a strongly mineralised structure trending north east to south west. Historic activity undertaken by artisanal miners has included the development of a series of hard-rock shafts which have returned grades up to 40.59g/t Au at the intersection of these structural orientations. Serabi has now commenced a “top-to-tail” drill traverse across the Atacadão trend to provide a baseline geological context to the trend initially targeting the structural intersections which are interpreted to control or focus the mineralisation. The drill traverse will comprise approximately 11 drill holes and complete a section of approximately 600 metres across the trend. Results have been received for the first two holes of this traverse. Drill holes 21-AT001, 21-AT-002 and 21-AT-003 were completed on the northern end of the traverse. The holes were completed from the same drill location at different azimuths to test the two dominant vein orientations. These three holes are located in the hangingwall of the interpreted structural intersection.