SRX.L Regulatory News (SRX)

GENERAL TEXT AMENDMENT

The following amendments have been made to the 'Director/PDMR Shareholding' announcement released on the 22nd November 2012 at 07:00 under RNS No 7460R.

·; "100,000" amended to "70,000"

·; "yesterday and the day before" amended to "on 20/11/2012"

·; "921,000" amended to "891,000"

·; "0.18%" amended to "0.17%"

All other details remain unchanged.

The full amended text is shown below.

Sierra Rutile Limited

Director/PDMR Shareholding

London, UK, 22 November 2012:Sierra Rutile Limited (AIM:SRX) yesterday received notice that, Mr Jan Castro, the Non-Executive Chairman of the Company, purchased a total of 70,000 ordinary shares of no par value ("Ordinary Shares") on 20/11/2012 at an average price of 53 pence per share. Following this share purchase, Mr Jan Castro's beneficial interest in the Company is 891,000 Ordinary Shares, which represents 0.17% of the of issued share capital.

Ends

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Notes to Editors

About Sierra Rutile Limited

Sierra Rutile produces titanium feedstock industrial minerals (primarily rutile, with associated ilmenite), as well as smaller quantities of zircon. Sierra Rutile's mine, located in the south west of Sierra Leone, is one of the largest natural rutile deposits in the world, with a JORC-Compliant Mineral Resource for measured, indicated and inferred resources for the Sierra Rutile mine of over 600 million tonnes (as at February 2011).

www.sierra-rutile.com