Serengeti Resources Inc.
TSX VENTURE : SIR

Serengeti Resources Inc.

September 30, 2009 08:30 ET

Serengeti Appoints New Auditors

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 30, 2009) - Serengeti Resources Inc. (TSX VENTURE:SIR) announces that Davidson & Company, Chartered Accountants have been appointed the Company's auditors in place of Smythe Ratcliffe, Chartered Accountants. The former auditors and new auditors confirm that there are no disagreements or unresolved issues.

The resignation of Smythe Ratcliffe and the appointment of Davidson & Company have been approved by the Audit Committee and by the Board of Directors of the Company. Serengeti thanks Smythe Ratcliffe for their past service on the file.

At the Company's 2010 annual general meeting, shareholders of the Company will be asked to approve the appointment of Davidson & Company as auditors of the Company.

About Serengeti

Serengeti is a mineral exploration company managed by an experienced team of professionals with a solid track record of exploration success. The Company is focused on the advancement of its Kwanika copper-gold project which contains an Indicated Resource of 183 million tonnes grading 0.29% copper, 0.28 g/t gold at a 0.25% copper equivalent cutoff. This includes a higher grade zone of 75 million tonnes grading 0.41% copper and a 0.42 g/t gold at a 0.4% copper equivalent cutoff. Serengeti also continues to explore for additional gold and copper deposits on its extensive portfolio of properties in the highly prospective Quesnel Trough of British Columbia. Additional information on Serengeti's projects can be found on the Company's website at www.serengetiresources.com. Serengeti is well funded to advance its projects with a current working capital position of approximately $9.3 million which includes $2.3 million receivable from the B.C. government's METC program. Serengeti has 45.8 million shares issued and outstanding or 51.3 million shares on a fully diluted basis.

The Company has currently completed approximately 8,000 meters in 22 holes, in its 2009 drill program; including 6,750 meters in 17 holes on the Kwanika property. To date, results have been reported on 14 holes; the balance of the results including those from the Osilinka property will be reported when available. Drilling of several deep holes is currently underway on the South Zone at Kwanika where encouraging results were reported earlier this year. When this drilling is completed, the drill rig will move to test attractive gold and copper-gold targets on the Choo and Mil properties.

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