Serra Energy Metals Corp. announce that it has been granted by the Agência Nacional de Mineração (Federal Mining Agency of Brazil), a 100% interest in the Santa Luz Property comprising four mineral tenements covering approximately 8,000 hectares in Bahia state, Brazil. The tenements, which contain pegmatites, have the potential to host spodumene mineralization.

All of the new tenements are located near infrastructure, including roads, electricity, and water. The Santa Luz tenements are located approximately 20 km northwest of the city of Santa Luz (population 38,000) and 273 km from the city of Salvador on the coast of Brazil. The property is also located 25 km southwest of Equinox Gold Corp.'s producing Santa Luz gold mine.

Inspection of the property by Serra senior management and geologists identified several pegmatites which crosscut granites on the tenements. The Santa Luz Property is well served by roads, power, and water. The Company will commence a detailed prospecting, mapping and sampling program, followed by a potential drill program.