TIDMSULA 
 
26 November 2014 
 
                              Sula Iron & Gold plc 
 
                           ("Sula" or the "Company") 
 
                           Placing to raise GBP600,000 
 
Sula Iron and Gold plc, a multi-commodity exploration company focused on Sierra 
Leone, announces that it has raised GBP600,000, through a placing of 36,363,636 
new ordinary shares of 1p each in the Company (the "Placing Shares") at a price 
of 1.65p per Placing Share with a single institutional investor (the "Placing"). 
 
The net proceeds of the Placing will be used to accelerate Sula's exploration 
programmes, specifically its coltan programme. Conditional upon a positive 
outcome to the Company's on-going coltan exploration programme, Sula will 
consider commissioning a small pilot plant to process a number of bulk samples 
from the Ferensola Project. 
 
The potential benefits to Sula of putting in place this small processing plant 
are in delivering suitable size, quality and timely samples to a potential 
off-taker. In addition, the Company will gain a better understanding of the 
metallurgy of the ore body, production and processing costs which, if 
successful, may lead to a full mining licence. 
 
Sula CEO Nick Warrell said: 
 
"I am pleased to announce that we have raised these funds, in addition to those 
announced on 14 November 2014, and the continuing support from our investors. 
Discussions with a potential off-taker for our coltan are ongoing and these new 
monies will allow us to accelerate this programme to a point where, dependent 
on the outcome of the current phase of exploration, we will consider 
establishing a small pilot processing plant for the coltan and all the benefits 
that would result therefrom." 
 
The Placing Shares will, when issued, rank pari passu in all respects with the 
existing ordinary shares of 1p each in the Company ("Ordinary Shares"). 
Application will be made to the London Stock Exchange for admission to trading 
on AIM of the Placing Shares ("Admission"). Completion of the Placing is 
conditional on, inter alia, Admission. 
 
It is expected that Admission will become effective and that dealings in the 
Placing Shares will commence at 8.00 a.m. on or around 2 December 2014. 
 
Following the issue and allotment of the Placing Shares, the Company's enlarged 
issued ordinary share capital will comprise 356,848,594 Ordinary Shares (" 
Enlarged Share Capital").  The Company does not hold any Ordinary Shares in 
treasury. This figure of 356,848,594 Ordinary Shares may be used by 
shareholders in the Company as the denominator for the calculations by which 
they will determine if they are required to notify their interest in, or a 
change in their interest in, the share capital of the Company under the 
Financial Conduct Authority's Disclosure and Transparency Rules. 
 
 
 
                                   **ENDS** 
 
 
 
For further information please visit www.sulaironandgold.com or contact the 
following: 
 
Sula Iron & Gold plc                                       +44 (0) 20 7583 8304 
Nick Warrell / Matt Wood 
 
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 
 
 
Notes 
 
Sula Iron & Gold plc is a multi-commodity exploration company focused in West 
Africa. The Company's main objective is to explore and advance its 153 sq. km 
Ferensola Project in Northern Sierra Leone, which is highly prospective for 
iron, gold and coltan. 
 
The information in this release that relates to Exploration Results has been 
reviewed by Mr Andrew Dacey, Non-Executive Technical Director of Sula Iron and 
Gold plc. Mr Dacey is a Fellow of the Institute of Materials Minerals and 
Mining, a Registered Professional Geologist with the Australian Institute of 
Geoscientists and a Competent Person as defined in the Australasian Code for 
Reporting of Exploration Results and Mineral Resources and Ore Reserves. 
 
 
 
END