Serengeti Reports Additional Results from Kwanika

Serengeti Resources Inc. (TSX VENTURE: SIR) is pleased to report additional assays from its latest drill program completed in December 2007 at its 100% owned Kwanika porphyry copper-gold property, British Columbia.

"We continue to intersect excellent grades in the high grade core of the system at Kwanika, including 297 meters grading 0.46% copper and 0.59 g/t gold in hole K-07-46," stated Serengeti President and CEO David Moore. "Furthermore, drill hole K-07-44 indicates that the mineralized system remains open for expansion some 600 meters to the north of the high grade core. Drilling will resume by mid-January to continue testing for extensions of the main copper-gold zone as well as other targets in the immediate vicinity," elaborated Moore.

Drill Holes K-07-39 to K-07-44, K-07-46, Significant Results
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                                                                    Orient-
                   Inter-                      Copper    Gold        ation
       From    To    val  Copper  Gold  Silver     EQ.     EQ.        (dip/
Hole     (m)   (m)    (m)      %   g/t     g/t   %(ii) g/t(ii)     azimuth)
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K-46  283.8 580.7  296.9    0.46  0.59     1.3   0.81    1.40  -55 degrees/
                                                               270 degrees
      -------------------------------------------------------
       Incl.
      329.1 412.1   83.0    0.49  0.91     1.7   1.03    1.77
      -------------------------------------------------------
        And
      507.0 529.0   22.0    0.65  1.39     1.9   1.48    2.53
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K-39   38.8 447.2  408.4    0.12  0.17     0.2   0.22    0.38     Vertical
      -------------------------------------------------------
       Incl.
      266.0 332.2   66.2    0.22  0.37     0.3   0.44    0.75
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K-40  298.0 729.1  431.1    0.18  0.13     0.5   0.26    0.45  -75 degrees/
                                                               090 degrees
      -------------------------------------------------------
       Incl.
      355.1 444.9   89.8    0.37  0.20     1.2   0.50    0.85
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K-41   72.8 455.2  382.4    0.18  0.20     0.3   0.30    0.51  -80 degrees/
                                                               090 degrees
      -------------------------------------------------------
       Incl.
      218.5 322.1  103.6    0.26  0.26     0.5   0.42    0.71
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K-42                   No significant results                  -70 degrees/
                                                               270 degrees
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K-43
 (i)  184.3 654.4  470.2    0.40  0.13     1.0   0.48    0.83  -70 degrees/
                                                               090 degrees
      -------------------------------------------------------
       Incl.
      184.3 271.3   87.6    0.87  0.24     2.6   1.03    1.77
      -------------------------------------------------------
        And
      271.9 654.4  382.6    0.28  0.10     0.6   0.34    0.59
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K-44   71.0 238.4  167.4    0.19  0.29     0.3   0.36    0.62  -55 degrees/
                                                               270 degrees
      -------------------------------------------------------
      376.6 432.8   56.2    0.14  0.11     0.2   0.21    0.35
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(i) Partial results previously reported. (ii) Copper and Gold Equivalent
(EQ.) 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).

As indicated on the attached map, three of the seven holes reported, K-07-40, 43 and 46 were drilled in the southern part of the mineralized zone; K-07-39 and 41 were drilled in the north-central part of the zone; and holes K-07-42 and 44 were drilled on a fence 250 meters to the north of the main mineralized zone. The balance of the holes including K-07-45 and K-07-47 to 57 have been submitted for analysis and results will be reported when available.

- Hole K-07-46: An angled hole drilled to the west on Section 200N, intersected a strongly mineralized zone grading 0.46% Cu, 0.59 g/t Au, including two intervals of intensely quartz-chalcopyrite-stockworked monzonite grading 0.49% Cu, 0.91 g/t Au over 83 meters and 0.69% Cu, 1.39 g/t Au over 22 meters. Hole K-07-43 drilled easterly on Section 150N, intersected a native copper and chalcocite-bearing supergene zone grading 0.87% Cu, 0.24 g/t Au over 87.6 meters followed by a primary chalcopyrite-bearing zone grading 0.28% Cu, 0.10 g/t Au over 382.6 meters. Partial results for this hole were previously released in News Release dated November 5, 2007. Hole K-07-40 drilled easterly on Section 250N intersected a broad, moderately mineralized chalcopyrite-bearing interval grading 0.18% Cu, 0.13 g/t Au over 431.1 meters.