Serengeti Resources Inc.

Serengeti Resources Inc.

September 06, 2007 09:30 ET

Serengeti Drills 48 Meters of 0.75% Copper and 2.5 g/t Gold at Kwanika

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 6, 2007) - Serengeti Resources Inc. (TSX VENTURE:SIR) is pleased to report assays from the first four holes of a major follow-up drill program currently underway on its 100% owned Kwanika property, located in the prolific Quesnel Trough of British Columbia.

"We are obviously pleased with these results," stated Serengeti President and CEO David Moore. "We continue to intersect some exceptional copper-gold grades, such as in hole K-07-29 which cut 48.6 meters of 0.75% copper and 2.5 g/t gold, as well as some long intervals of good grade porphyry-style copper-gold mineralization, for instance K-07-28 which cut 322 meters of 0.40% copper and 0.40 g/t gold. The mineralized system continues to remain open for expansion to the east, north, south and at depth and the upcoming drill program will systematically assess the grade distribution within this large, copper-gold system," Moore states.

K-07-27 to K-07-30 Significant Results
Copper Orient-
Inter- Equiv- ation
From To val Copper Gold Silver alent (dip/
Hole (m) (m) (m) % g/t g/t %(i) azimuth)
76.9 112.3 35.4 0.25 0.11 0.5 0.31
K-07-27 161.7 294.7 133.0 0.26 0.16 1.0 0.36 Vertical
329.2 447.0 117.8 0.24 0.14 1.1 0.33
42.2 364.2 322.0 0.40 0.40 1.2 0.64 -55
K-07-28 Incl.-------------------------------------------------- degrees/
55.5 86.5 31.0 0.95 0.29 2.0 1.13 314
40.2 287.9 247.7 0.46 0.60 1.0 0.82 -55
-------------------------------------------------- degrees/
K-07-29 Incl. 239.3 287.9 48.6 0.75 2.50 1.9 2.22 265
-------------------------------------------------- degrees
445.3 494.7 49.4 0.22 0.12 1.0 0.30
46.6 80.4 33.8 0.53 0.19 1.1 0.65
221.0 439.3 218.3 0.42 0.36 1.3 0.65 -80
-------------------------------------------------- degrees/
K-07-30 Incl. 221.0 245.0 24.0 0.90 0.24 2.3 1.06 270
-------------------------------------------------- degrees
Incl. 352.0 395.0 43.0 0.60 0.79 1.9 1.07
568.3 681.5 113.2(ii) 0.22 0.18 0.4 0.33

(i) Copper Equivalent calculations use metal prices of US$1.50/lb for
copper, US$600/oz for gold and US$8.00/oz for silver. Copper
equivalent has not been adjusted for metallurgical recoveries and such
adjustments will depend on metallurgical testing. Cu EQ equals Cu% +
(Au g/t x 12.86/22.06) + (Ag g/t x 0.171/22.06).

(ii) At this time, partial assays only are available for this interval
which would normally result in an understatement of the actual grade.

Holes K-07-27 was drilled in the northwest corner and K-07-28 to 30 from a set-up in the southeast corner of the previously drilled central zone of the Kwanika prospect (See map attached).

- Hole K-07-27: Drilled vertically from the collar of prior hole K-07-26 on Section 900N and as expected encountered several intervals of peripheral mineralization hosted in andesite, the longest of graded 0.26% copper(Cu), 0.16 g/t gold(Au) over 133.0 meters(m). A deeper intercept of 0.24% Cu, 0.14 g/t Au hosted in monzonite suggests that the mineralized system remains open to the west.

- Hole K-07-28: Drilled in a northwesterly direction, diagonally across the main mineralized zone from a set-up on Section 700N intersected a very long interval of monzonite-hosted mineralization grading 0.40% Cu, 0.40 g/t Au over 322m including a higher grade interval near the top of the hole grading 0.95% Cu, 0.29 g/t Au over 31m.

- Holes K-07-29 and 30 were drilled from the same set up on Section 700N to fence prior hole K-07-14 which as previously reported intersected 462.7 m grading 0.61% Cu, 0.38 g/t Au. Hole K-07-29 cut a 247.7 m intercept of 0.46% Cu, 0.60 g/t Au, including a high grade zone on the western edge grading 0.75% Cu, 2.5 g/t Au over 48.6 m. This interval is believed to correlate with the native copper/ chalcocite zone grading 0.91% Cu, 0.77 g/t Au over 41.7 m encountered near surface in K-07-14. Hole K-07-30 was a steep undercut hole to K-07-29 and intersected 218.3 m grading 0.42% Cu, 0.36 g/t Au as well as some lower grade intervals deeper in the hole. The western edge of the zone where the high grade mineralization was encountered in K-07-14 and 29 was not tested by K-07-30 and will be drilled with a further hole in the current program.

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.

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 the Kwanika project can be found on Serengeti's website at

Cautionary Statement

This document contains "forward-looking statements" within the meaning of applicable Canadian securities regulations. All statements other than statements of historical fact herein, 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.

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