Serengeti Resources Inc.
TSX VENTURE : SIR

Serengeti Resources Inc.

April 24, 2007 09:30 ET

Serengeti Reports Drilling Progress on Kwanika Property

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 24, 2007) - Serengeti Resources Inc. (TSX VENTURE:SIR) is pleased to announce that the 6000 meter, Phase III drill program on the company's Kwanika porphyry copper-gold property, located in British Columbia, Canada, is more than 50% complete. To date, ten holes totaling 3500 meters have been drilled on this 100% owned property testing for extensions of the monzonite-hosted copper-gold system encountered in Holes K-06-9 and K-06-10 (see News Releases dated January 9th and February 21st, 2007).

The initial four holes of the current program were drilled as 50 meter step-outs from DDH K-06-9 which previously intersected 111.1 meters grading 0.69% copper, 0.54 g/t gold. The fifth hole was drilled 100 meters east of K-06-9. The initial hole was drilled at an angle beneath K-06-9 and the other four holes were drilled vertically. All five holes encountered variably altered and mineralized rocks. Two holes were then drilled to test an induced polarization anomaly west of DDH K-06-10 which previously intersected 181.2 meters grading 0.21% copper, 0.19 g/t gold, located 500 meters to the north of K-06-9. Due to drilling difficulties, one of these holes was lost in very pyritic andesite above the target depth and will be re-drilled later in the program. An additional three holes were then drilled back in the vicinity of K-06-9 to determine the geometry and indicated width of the mineralized system. The drill is currently testing targets to the south of K-06-9.

Drill core from the initial five holes has been submitted to the laboratory for analysis and results will be released as a batch when available. Given the expected laboratory turn-around time, results are expected by about mid-May.

Serengeti is a mineral exploration company managed by an experienced team of professionals with a solid track record of exploration success. Serengeti is focused on the discovery and development of copper-gold and molybdenum deposits in British Columbia, especially in the highly prospective Quesnel Trough where it owns numerous claim blocks totaling in excess of 100,000 hectares. Additional information can be found on Serengeti'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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