Director/PDMR Shareholding

Director Share Dealings

London, UK, 25 May 2012: Sierra Rutile Limited (the "Company") has received notice that, on 24 May 2012, Dr. Charles Entrekin, a Non-Executive Director of the Company, purchased 48,841 ordinary shares of no par value in the Company ("Ordinary Shares") at a price of 64.5 pence per share.

Following this share purchase, Dr. Charles Entrekin's beneficial interest in the Company is 58,841 Ordinary Shares.

ENDS

For further information:

Sierra Rutile Limited Telephone: +44 (0)20 7074 1800

John Sisay, Chief Executive Officer /

Joe Connolly, Chief Financial Officer

Canaccord Genuity Limited Telephone: +44 (0)20 7523 8350

John Prior / Adam Miller

Kreab Gavin Anderson Telephone: +44 (0)20 7074 1800

Fergus Wylie sierrarutile@kreabgavinanderson.com