Sarama Resources to Sell Three Liberian Exploration Licenses to Aureus Mining

VANCOUVER, BC–(Market wired – November 03, 2015) – Sarama Resources Ltd. (the "Company" or "Sarama") (TSX VENTURE: SWA) is pleased to announce that it has entered into a legally binding agreement with Aureus Mining Inc. ("Aureus") where Aureus will purchase three of the Company's Liberian mineral exploration licenses for a consideration of 2.6 million Aureus shares.

Sarama will also retain an uncapped 1% net smelter return royalty ("Royalty") on gold produced from the cornerstone Cape Mount Permit, which is being purchased by the Company from the previous Liberian owner of the permit.

This transaction monetizes some of the Company's assets in Liberia and forms an integral part of Sarama's strategy to rationalize expenditure and focus resources on advancing and growing its asset base in Burkina Faso. READ MORE OF THIS STORY ON YAHOO NEWS

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