Serengeti Resources Inc.

Serengeti Resources Inc.

March 26, 2008 08:30 ET

Serengeti Intersects 610 Meters Grading 0.74% Copper, 0.78 g/t Gold Including 75 Meters of 2.28% Copper, 1.92 g/t Gold at Kwanika

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 26, 2008) - Serengeti Resources Inc. (TSX VENTURE:SIR) is pleased to report the results of the first five holes of the winter 2008 drill program currently in progress on its 100% owned Kwanika porphyry copper-gold property, British Columbia.

"K-08-62 which intersected a very long interval of supergene-enriched copper-gold mineralization grading 1.06% Cu and 1.09 g/t Au over 383.9 meters is a truly exceptional hole" stated President and CEO David Moore. "We continue to be impressed with the grades and lateral continuity we are seeing along the open-edged, western side of the system at Kwanika. This has significant implications for the tonnage potential of this high grade zone," said Moore.

Drill Holes K-08-58 to K-08-62 Significant Analytical Results
Inter- Cop- per Gold Orientation
From To val per Gold Silver Equiv. Equiv. (dip/
Hole (m) (m) (m) % g/t g/t % g/t azimuth)
130.9 740.9 610.0 0.74 0.78 1.8 1.21 2.07
Incl. 130.9 514.7 383.9 1.06 1.09 2.5 1.71 2.94
K-08 Incl. 241.2 453.9 212.7 1.40 1.58 3.2 2.35 4.02 -58 degrees/
-62 270 degrees
Incl. 272.8 348.2 75.4 2.28 1.92 4.2 3.43 5.89
And 484.5 514.7 30.2 1.47 1.93 3.0 2.62 4.49
363.4 580.7 217.3 0.38 0.48 1.7 0.67 1.15
K-08 ---------------------------------------------------------------------
-58 Incl. 402.8 472.4 69.7 0.71 0.93 2.2 1.27 2.18 Vertical
351.0 608.7 257.7 0.30 0.21 0.9 0.43 0.74
K-08 Incl. 351.0 461.2 110.3 0.50 0.39 1.6 0.74 1.27 -80 degrees/
-59 90 degrees
Incl. 351.0 380.1 29.2 1.21 1.09 3.1 1.87 3.21
386.6 587.4 201.0 0.37 0.36 1.0 0.59 1.01
K-08 Incl. 386.6 515.7 129.4 0.49 0.50 1.3 0.79 1.36 Vertical
Incl. 405.8 435.0 29.2 1.19 1.25 3.2 1.94 3.33
K-08 334.0 390.5 56.5 0.34 0.19 1.2 0.46 0.79 Vertical

- 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).

The highlights of this drilling are shown in the table above. Drill hole orientations are provided in this table and locations are on the map overleaf. Drill hole sections and a 3D model can be viewed at or by following the link on the Company's website at

All five holes reported were drilled in the southern part of the main mineralized zone. An additional four holes have been completed in this same area and drilling continues here as well as on other targets to the north and south with two rigs. The winter drill program currently in progress at Kwanika has been increased from an initially planned 10,000 meters to 14,000 to 15,000 meters. Additional results will be reported when available.

Hole K-08-62: An angled hole drilled to the west, collared on Section 150N intersected a very long mineralized interval grading 0.74% Cu, 0.78 g/t Au over 610.0 meters, including two exceptional intervals of 2.28% Cu, 1.92 g/t Au over 75.4 m and 1.47% Cu, 1.93 g/t Au over 30.2 meters. This hole was drilled beneath and subparallel to the westward dipping sedimentary basin contact that onlaps the mineralized zone along its western edge. The upper interval is supergene enriched and contains significant chalcocite mineralization whereas the lower interval is high grade primary mineralization, consisting of strongly quartz-stockworked monzonite with significant chalcopyrite and minor bornite.

Hole K-08-58: A vertical hole drilled on Section 200N re-drilled the previously reported hole K-07-57, which was lost above the target depth. The new hole intersected a 217.3 meter interval grading 0.38% Cu, 0.48 g/t Au, including a high grade 69.7 meter interval carrying 0.71% Cu, 0.93 g/t Au.

Hole K-08-59: An angled hole drilled steeply to the east on Section 100N intersected a broad mineralized zone including a better grade, 110.3 meter sub-interval assaying 0.50% Cu, 0.39 g/t Au. The uppermost 29.2 meters is supergene enriched and grades 1.21% Cu, 1.09 g/t Au.

Hole K-08-60: A vertical hole drilled on Section 150N intersected a 201.0 meter interval to the bottom of the hole grading 0.37% Cu, 0.36 g/t Au. A higher grade, 129.4 meter sub-interval assayed 0.49% Cu, 0.50 g/t Au and includes a supergene-enriched zone near its upper contact grading 1.19% Cu, 1.25 g/t Au over 29.2 meters.

Hole K-08-61: A vertical hole drilled on Section 25N intersected a 56.5 meter interval grading 0.34% Cu, 0.19 g/t Au and appears to lie to the south of the higher grade core of the mineralized zone.

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

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 attached map please click on the following link:

This map can also be viewed on the Company's website at

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

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