Serengeti Resources Inc.
TSX VENTURE : SIR

Serengeti Resources Inc.

November 05, 2007 16:05 ET

Serengeti Intersects Supergene Copper Zone at Kwanika Grading 0.76% Copper, 0.21 g/t Gold Over 119.6 Meters

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 5, 2007) - Serengeti Resources Inc. (TSX VENTURE:SIR) reports assays from its 100% owned Kwanika porphyry copper-gold property, British Columbia, where a major follow-up drill program consisting of 18,000 meters is underway.

"We have encountered the broadest zone of supergene-enriched copper mineralization seen at Kwanika to date," stated Serengeti President and CEO David Moore. "K-07-43 and several other holes drilled more recently around it indicate the better grade central zone may have a different orientation than previously thought. This recent drilling also suggests that the mineralized zone may be increasing in intensity to depth and extending beneath a sedimentary basin previously believed to limit the zone to the southwest. Future drilling will be targeted to test this area," elaborated Moore.



Drill Holes K-07-35 to K-07-38, K-07-43 Significant Analytical Results
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Copper Gold Orient-
Inter- Equiv. Equiv. ation
From To val Copper Gold Silver % g/t (dip/
Hole (m) (m) (m) % g/t g/t (i) (i) azimuth)
---------------------------------------------------------------------------
K-35 42.3 428.9 386.6 0.23 0.18 0.3 0.34 0.58 Vertical
---------------------------------------------------------------------------
46.9 457.2 410.3 0.19 0.11 0.5 0.26 0.44
K-36 ----------------------------------------------------------- Vertical
Incl. 46.9 139.0 92.1 0.26 0.11 0.5 0.33 0.56
---------------------------------------------------------------------------
105.7 456.3 350.6 0.12 0.22 0.3 0.25 0.43
K-37 ----------------------------------------------------------- Vertical
Incl. 105.7 129.8 24.1 0.36 0.48 0.9 0.65 1.11
---------------------------------------------------------------------------
117.0 536.1 419.1 0.24 0.10 0.3 0.30 0.52 -65
----------------------------------------------------------- degrees
Incl. 117.0 145.1 28.1 0.34 0.15 0.8 0.43 0.74 to
K-38 ----------------------------------------------------------- 090
Incl. 415.1 536.1 121.0 0.30 0.13 0.4 0.38 0.65 degrees
---------------------------------------------------------------------------
184.3 303.9 119.6 0.76 0.21 2.2 0.90 1.54 -70
K-43 ----------------------------------------------------------- degrees
(ii) Incl. 209.4 271.9 62.5 1.08 0.26 2.7 1.25 2.15 to
090
degrees
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(i) Copper and Gold Equivalent calculations use metal prices of US$1.50
for copper, US$600/oz for gold and US$8.00/oz for silver and both
assume metallurgical recoveries and net smelter returns of 100%.
Copper (Cu) EQ equals Cu% + (Au g/t x 12.86/22.06)+ (Ag g/t x
0.171/22.06). Gold (Au) EQ equals Au g/t + (Cu % x 33.09/19.29 +
Ag g/t x 8.00/600).
(ii) Partial results only available for this hole. Assays from 303.9 to
the bottom of the hole at 654.4 are currently in progress.


As set out in the attached map, three of the five holes reported above, K-07- 35 to 37 were drilled in the northeastern part of the main zone and two holes, K-07-38 and K-07-43 (for which partial results are available), were drilled along the southwest flank of the main zone. The upper portion of K-07-43 was processed on a priority basis because of the obvious strong native copper mineralization. Drill holes K-07-39 to K-07-42 have been submitted to the laboratory and results will be provided when available.

- Hole K-07-43: A steep, angled hole, drilled to the east on Section 150 N, intersected a supergene-enriched (native copper- and chalcocite-bearing) zone assaying 0.76% Cu, 0.21 g/t Au over 119.6 meters from the basal contact of a younger sedimentary basin that lies along the southwestern flank of the mineralized zone. This high grade zone is followed by a long interval of lesser mineralized (chalcopyrite-bearing), altered monzonite and monzodiorite to the bottom of the hole at 654.4 meters. Assaying is currently in process for the lower 350 meters of this hole.

- Hole K-07-38: An angled hole drilled to the east on Section 200N, intersected a broad zone of modest grade primary (chalcopyrite-bearing) mineralization carrying 0.24% Cu, 0.10 g/t Au over 419.1 meters. It is significant to note that the better grades in this hole were encountered at the top of the mineralized zone, adjacent to the western sedimentary contact described above and at depth. A "scissor" hole, K-07-46 has recently been drilled westerly on this same section from the east edge of the zone, undercutting K-07-38. K-46 is visually more strongly mineralized than K-38 and indicates that the mineralized zone may be strengthening to depth and extending at least locally, some 75 to 100 meters further to the west than previously known, below the western sedimentary basin. Assay results for K-07-46 will be reported when available.

- Holes K-07-35 to 37 were drilled vertically in the northeastern part of the zone. All three holes encountered broad zones of modest grade mineralization, with the best values encountered in K-07-35 which carried 0.23% Cu, 0.18 g/t Au over 386.6 meters. These holes indicate that the higher grades encountered to the southwest appear to come to surface to the northeast where they are likely to have been subject to erosion.

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.

Quality Assurance/Quality Control

Sample analysis for the current program was completed at Global Discovery Lab in Vancouver, BC. A comprehensive quality assurance/quality control program including duplicate samples, blanks and standards formed part of the sampling protocol in addition to the laboratory's own quality assurance program. Individual copper values exceeding 2000ppm and gold values exceeding 100ppb were assayed and these intervals combined with geochemical determinations on the balance of the samples, with all results reported in % and g/t respectively. This procedure will generally result in an understatement of the average grades. The field program was supervised by Rich Parish of Coast Mountain Geological Inc. The technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101, and reviewed by the Company's qualified persons, Myron Osatenko, P. Geo., Chief Geologist and David W. Moore, P. Geo., President and CEO of Serengeti Resources Inc.

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.

To view the map accompanying this press release please click on the following link: http://www.ccnmatthews.com/docs/SIR.pdf

This map can also be viewed on the Company's website at www.serengetiresources.com.

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

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