Serengeti Resources Inc.
TSX VENTURE : SIR

Serengeti Resources Inc.

March 17, 2008 08:30 ET

Serengeti Resources Appoints New CFO

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 17, 2008) - Serengeti Resources Inc. (TSX VENTURE:SIR) (the Company) announces the appointment of Alec Peck as Chief Financial Officer (CFO) effective March 12, 2008.

Alec completed his CA requirements with Deloitte & Touche Chartered Accountants in Vancouver. He then practiced in Alberta prior to moving to Toronto. From 1986 until 1993, he was a partner with member offices of the public accounting firm Horwath International. From 1993 until March 2004 he was a Vice President in the corporate finance group of publicly listed full service investment dealers, first with CM Oliver and then Canaccord Capital Corporation which acquired CM Oliver in 1998. He currently provides senior financial and advisory services to Canadian private and public corporations, acting in officer or director capacities.

Mr. Peck's appointment replaces former CFO, Ian Brown, who has stepped aside to focus on board-level duties. Mr. Brown served as Serengeti's CFO since 1989 and as President 2002 to 2004, and will remain on the Board of Directors.

David Moore, President and CEO of Serengeti Resources Inc., stated, "I would like to thank Ian Brown for his efforts over the years in advancing the Company's interests. I take this opportunity to welcome Alec Peck, CA, to the Serengeti team and express our pleasure in being joined by a professional of his caliber."

The Company also announces the grant of an additional 895,000 stock options to officers, directors and consultants to the Company, exercisable at the price of $0.63 for a period of five years.

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.

Contact Information