Serengeti Resources Inc.
TSX VENTURE : SIR

Serengeti Resources Inc.

January 21, 2008 08:30 ET

Serengeti Commences 2008 Drill Program at Kwanika, Wins Northern BC Prospector Award

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 21, 2008) - Serengeti Resources Inc. (TSX VENTURE:SIR) is pleased to report that its 2008 Phase I, 10,000 m drill program started on January 14th, 2008 to test extensions of the main copper-gold zone in addition to other targets on the Kwanika property. President David Moore stated, "We are pleased to resume drilling at Kwanika and continue the growth of this exciting prospect." Initial environmental and archeological studies are underway and preliminary metallurgical testing is planned.

Results of the remaining 12 holes of the 2007 program are expected by early February. "Upon receipt and integration of these assays, we will be able to determine the full magnitude of the drill program required to enable the calculation of a N.I. 43-101 compliant resource by 2008 year end," specified Moore.

The Company is also very pleased to announce that it has been awarded the 2008 Prospector or Developer of the Year award by the Northern British Columbia Business & Technology Council. The award recognizes perseverance and determination by a prospector or developer and was awarded for Serengeti's copper-gold discovery at Kwanika. "This is a real honour to receive this award which would not have been possible without the support of all of our contractors, suppliers and the local community," stated David Moore.

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 and on the discovery of copper-gold and molybdenum 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.

Cautionary Statement

This document contains "forward-looking statements" within the meaning of applicable Canadian securities regulations. All statements other than statements of historical fact here-in, including, without limitation, statements regarding exploration results and plans and other future plans and objectives, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and future events and actual results could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from our expectations are disclosed in the Company's documents filed from time to time via SEDAR with the Canadian regulatory agencies to whose policies we are bound.

The TSX Venture Exchange has neither approved nor disapproved the contents of this news release.

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