2012

17 May 2012: Sierra Rutile Limited (“the Company”) has received notice that, Mr Jan Castro, the Non-Executive Chairman of the Company, has on the 16th of May 2012 purchased 25,000 ordinary shares of no par value (“Ordinary Shares”) at a price of 58 pence per share.

11 May 2012: Sierra Rutile Limited (the “Company”) today received notice that, Mr Jan Castro, the Non-Executive Chairman of the Company, has purchased 152,000 ordinary shares of no par value (“Ordinary Shares”) at an average price of 60.75 pence per share.

London, UK, 10 May 2012: Sierra Rutile Limited (“SRL”) is pleased to provide an update on its production expansion plans.

Sierra Rutile Limited is pleased to announce its results for the year ended 31 December 2011.

London, UK, 30 April 2012: Sierra Rutile Limited (“Sierra Rutile”) is pleased to announce that it has entered into an agreement with the Government of Sierra Leone (“the Government”) to pay, in cash, PAYE taxes that have historically been satisfied through the issuance of shares in Sierra Rutile’s subsidiary Sierra Rutile Holdings Limited (“SRHL”). The Government’s interest in SRHL, earned in accordance with the Sierra Rutile Act (as amended), was 7.1% at 31 December 2011.

London, UK, 10 April 2012: Sierra Rutile Limited (AIM: SRX) (“SRL”) is pleased to provide an update on its Q1 2012 activities.

Sierra Rutile Limited announces that its nominated adviser and broker, Collins Stewart Europe Limited, has changed its name to Canaccord Genuity Limited with immediate effect. This follows the completion of the acquisition of Collins Stewart Hawkpoint plc by Canaccord Financial Inc.

London, UK, 20 March 2012: Sierra Rutile Limited (AIM:SRX) ("Sierra Rutile") is pleased to announce the appointment of Richard Lloyd Lister as a non-executive director.

8 February 2012: John Sisay, Chief Executive of Sierra Rutile Limited (“the Company”) will today deliver a presentation at the annual Mining Indaba conference in Cape Town.

6 February 2012: Sierra Rutile Limited (“the Company”) today received notice that, Mr Jan Castro, the Non-Executive Chairman of the Company, has purchased 100,000 ordinary shares of no par value (“Ordinary Shares”) at an average price of 63.5 pence per share.

30 January 2012: Sierra Rutile Limited (“the Company”) today received notice that, Mr Jan Castro, the Non-Executive Chairman of the Company, has purchased 50,000 ordinary shares of no par value (“Ordinary Shares”) at an average price of 64.75 pence per share

19 January 2012: Sierra Rutile Limited (“the Company”) today received notice that, Mr Michael Barton, a Non-Executive Director of the Company, has purchased 20,000 ordinary shares of no par value (“Ordinary Shares”) at an average price of 55 pence per share.

19 January 2012: Sierra Rutile Limited (“the Company”) today received notice that, Mr Jan Castro, the Non-Executive Chairman of the Company, has purchased 25,000 ordinary shares of no par value (“Ordinary Shares”) at an average price of 54.78 pence per share.

18 January 2012: Sierra Rutile Limited (“the Company”) today received notice that, Mr Jan Castro, the Non-Executive Chairman of the Company, has purchased 35,000 ordinary shares of no par value (“Ordinary Shares”) at an average price of 54.62 pence per share.

4 January 2012: Sierra Rutile Limited (“the Company”) today received notice that, Mr Jan Castro, the Non-Executive Chairman of the Company, has purchased 70,000 ordinary shares of no par value (“Ordinary Shares”) at an average price of 41 pence per share.