Serengeti Resources Inc.
TSX VENTURE : SIR

Serengeti Resources Inc.

January 29, 2008 08:30 ET

Serengeti Extends Exercise Term of Warrants

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 29, 2008) - Serengeti Resources Inc. (TSX VENTURE:SIR) advises that, subject to regulatory approval, it has agreed to extend the exercise term of a total of 1,732,500 share purchase warrants issued in its private placement of Flow Through Shares and Non-Flow Through Units which closed February 16, 2007.

The Company intends to extend the exercise term of the above warrants for an additional 12 months, from an expiry date of February 13, 2008 to an expiry date of 4:30pm Vancouver Time on February 13, 2009. The exercise price of these warrants will remain at $1.00 per share.

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.

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

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