Appointment of VSA Capital

Sula Iron & Gold plc (the "Company")

Appointment of Broker

The Company is pleased to announce the appointment of VSA Capital Limited as sole corporate broker to the Company with immediate effect.

**ENDS**

For further information please visit www.sulairongold.com or contact the following:

Enquires:

Sula Iron & Gold plc +44 (0) 20 7583 8304

Nick Warrell /Matt Wood

www.sulaironandgold.com

Cairn Financial Advisers LLP (Nominated Adviser) +44 (0) 20 7148 7900

James Caithie /Avi Robinson

VSA Capital Limited (Broker) +44 (0) 20 3617 5177

Bhavesh Patel/Richard Buckle

Strand Hanson (Financial Adviser) +44 (0) 20 7409 3494

Simon Raggett /James Harris

Yellow Jersey PR (Financial PR) +44 (0)7768 537 739

Dominic Barretto /Kelsey Traynor