Ebola breakout

6 June 2014 Sula Iron and Gold plc ("Sula" or the "Company") Statement regarding Ebola Virus Disease in Sierra Leone Sula Iron and Gold plc, a multi-commodity exploration company focused on SierraLeone notes the recent press coverage regarding the increased number of casesof Ebola Virus Disease ("EVD") predominantly in the East of the country closeto the Guinea border. The Company confirms that there have been no incidences of EVD among theworkforce at its Ferensola Project and is not aware of any incidence of EVD inthe surrounding region. The Company continues to monitor the situationcarefully via the World Health Organisation and the Foreign & CommonwealthOffice. The World Health Organisation does not recommend that any travel ortrade restrictions be applied to Guinea, Liberia, or Sierra Leone based on thecurrent information available regarding EVD. There are a number of large-scale miners in the region who have not evacuatedoperational staff because of EVD. Notably the Rio Tinto Group, developing theSimandou iron ore mine in Guinea, ArcelorMittal, mining in Liberia, AML, KoiduHoldings, Octavia and London Mining in Sierra Leone. Nick Warrell, CEO states: `'We are monitoring the EVD situation very closelyand are ready to act should the current risk assessment warrant new action fromour company." Enquires: Sula Iron & Gold plc +44 (0) 20 7583 8304Nick Warrell / Matt Woodwww.sulairongold.com Cairn Financial Advisers LLP +44 (0) 20 7148 7900Nominated AdviserJames Caithie / Avi Robinson Daniel Stewart & Company Plc +44 (0) 20 7776 6550BrokerMartin Lampshire / David Hart Yellow Jersey PR +44 (0)7768 537 739Dominic Barretto / Kelsey Traynor Notes: Sula Iron & Gold plc is a multi-commodity exploration company focussed on WestAfrica. The Company's main objective is to explore and advance its FerensolaProjects, in Northern Sierra Leone, that are highly prospective for iron andgold. Sula is currently focussed on delineating a maiden JORC compliant ironresource estimate and evaluating the gold prospectivity. The 153 sq. km licencearea is contiguous to African Minerals' operational Tonkolili Iron Mine, whichhas a JORC compliant resource of 12.8 billion tonnes iron mineralisation. Exploration work at the project has confirmed the presence of Banded IronFormation (`BIF') at surface, which has a known strike length of 3.1km. The BIFis proven to extend NE from the Tonkolili licence and into Sula's licence area.A 2,000m scout drilling programme conducted over a 2.2km section of BIF,confirmed the Licence area's prospectivity for consistently high grade ironmineralisation. An exploration target of 500 million tonnes at 30.4% iron formagnetite and 55% iron for hematite has been given by exploration consultantsSRK Exploration Services Ltd. Significant Greenstone Belt-style gold mineralisation has also been identifiedat various prospects within the licence area. Five target areas for hard rockgold mineralisation have been identified based on the location of historicdrill intercepts, the source areas for alluvial gold deposits, and the positionof major structures as defined by airborne magnetic data and drainageorientation. The information in this release that relates to Exploration Results has beenreviewed by Mr Andrew Dacey, Non-Executive Technical Director of Sula Iron andGold plc. Mr Dacey is a Fellow of the Institute of Materials Minerals andMining, a Member a Registered Professional Geologist with the AustralianInstitute of Geoscientists and a Competent Person as defined in theAustralasian Code for Reporting of exploration results and Mineral Resourcesand Ore Reserves.