Sierra Rutile Ltd : Director Share Dealings

Sierra Rutile Limited Director Share Dealing London, UK, 29 January 2013: Sierra Rutile Limited (the "Company") has received notice that, Mr Richard Lister a Non-Executive Director entered into an agreement to purchase 100,000 ordinary shares of no par value in the Company ("Ordinary

Shares") at a price of 60 pence per share on 28 January 2013.
Following this transaction the shareholding of Mr Lister in the company, is as follows:

	Number of Ordinary Shares	Percentage of issued share capital
R Lister	200,000	0.04%

ENDS For Further Information:

Sierra Rutile Limited Yves Ilunga, Chief Financial Officer	[phone]
RBC Capital Markets Nominated Adviser and Joint Corporate Broker Martin Eales / Jonathan Hardy	[phone]
Mirabaud Securities Joint Corporate Broker Peter Krens	[phone]
Kreab Gavin Anderson Andy Jones/ Anthony Hughes	[phone]

Notes to Editors

About Sierra Rutile Limited
Sierra Rutile produces titanium feedstock industrial minerals (primarily rutile, with some 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