Serengeti Resources Inc.
TSX VENTURE : SIR

Serengeti Resources Inc.

January 23, 2008 08:30 ET

Serengeti Resources Inc.: Large Airborne Magnetometer Survey Completed Over QUEST Properties

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 23, 2008) - Serengeti Resources Inc. (TSX VENTURE:SIR) and its 50%/50% joint venture partner Fjordland Exploration Inc. (TSX VENTURE:FEX), are pleased to report that Geo Data Solutions GDS Inc. of Laval, Quebec has recently completed 6,624 line kilometres of airborne magnetic surveys, at 250-metre line spacings, over all 16 SIR/FEX properties within the QUEST project area in central British Columbia. The surveys were conducted between November and December, 2007; compilation of preliminary results is in progress. The 16 copper-gold porphyry targets were acquired in the summer of 2007 on the basis of high magnetic anomalies identified from the mid-1960s' federal government wide-spaced regional airborne geophysical surveys over the area.

The QUEST JV project lies within the highly endowed and prospective Quesnel Terrane. The properties included in the Serengeti-Fjordland JV area, between Quesnel and Fort St. James, total approximately 97,000 hectares and include: Tezz, Gold, MM, Ping, RL 1, RL 2, RL 3, RL 4, RL 5, PG, Copper, ST, MP, QN 1, QN 2 and Q (see property location map on the companies' websites). The QUEST JV area also includes much of the region identified by Geoscience BC, where during 2007 it carried out regional airborne EM and gravity geophysical surveys, at 4-kilometre and 2-kilometre line spacings, respectively. Results from the EM survey, as well as from reanalysis of stream and lake sediment samples in the Quest area, will be released during the annual Mineral Exploration Roundup meeting in Vancouver, January 28-31, 2008. Much of the area surveyed is covered by glacial overburden, which has historically hampered conventional exploration. As such, this region represents a significantly under-explored area. Since the announcement of the Geoscience BC "Quest" project in June, 2007, over 750,000 hectares of mineral units have been registered by a wide variety of explorers.

Preliminary results from the Serengeti/Fjordland surveys have significantly refined the targeted magnetic anomalies on all 16 properties. Once final results are received over the next few weeks, plans will be made for follow-up ground induced polarization surveys to begin this spring.

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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