Serengeti Resources Inc. (TSX VENTURE:SIR)(FRANKFURT:34S) is pleased to announce
that it has acquired through staking, a 100% interest in a 5675 Ha property
("Red Chris North Property") comprising two claim blocks located 8 to 10 km
north of Colorado Resources recent high grade copper-gold discovery at North Rok
in the Red Chris district of north-western British Columbia. Serengeti has also
acquired additional claims in the vicinity of its Kwanika copper-gold deposit
covering two separate target areas ("Smoke Property" and the "Rottacker
Claims").


Red Chris North Property ("RCN Property")

The newly staked RCN Property is located in the Stikine Arch area of north-west
British Columbia. The highly prospective Stikine Arch hosts a number of world
class copper-gold-silver porphyry deposits including Red Chris, Schaft Creek,
and NovaGold and Teck Resources Galore Creek deposit. Red Chris with proven and
probable reserves of 301 mt grading 0.359% Cu, 0.274 g/t Au is currently the
site of a $500 million mine development project by Imperial Metals.


The claims at the RCN Property were staked to include a strong gold-copper in
stream sediment geochemical anomaly from Geoscience BC's Northern BC dataset, as
well as coincident magnetic anomalies from the Geoscience BC Quest NW airborne
geophysical survey with geological settings favourable for porphyry-style
copper-gold mineralization. The claims at the RCN Property are located less than
10 km from Colorado Resources' North Rok property which recently reported 242m
of 0.63% Cu, and 0.85 g/t Au in the discovery drill hole. The RCN Property is
underlain by marine sediments and volcanic rocks of the Stikine Assemblage that
are intruded in the west by a late Triassic diorite, and in the east, by a
Triassic monzodiorite-gabbro. To view the RCN claim location map see the
attachment or click here:
http://www.serengetiresources.com/i/pdf/RCN_regional_infrastructure_200K_ltr.pdf.


Kwanika Area Properties

The Smoke Property (2469 Ha) is located 3 kilometers north of the Kwanika
Central Zone copper-gold deposit and contiguous with Serengeti's Kwanika East
property. The Smoke Property was acquired to cover an area of prospective
covered ground that contains a strong VTEM anomaly from the original BC
government funded Quest airborne survey. Two minor copper occurrences hosted in
monzonite are reported on the claims, although much of the Smoke and adjacent
Kwanika East claims occupy low-lying, overburden covered terrain located along
an ENE trending structure that may represent a fundamental structural control
for the Central copper-gold zone at Kwanika.


The Rottacker claims (2078 Ha) are contiguous with the southern portion of the
Kwanika property. The claims were acquired to cover a second prospective area of
low-lying ground where a cover sequence of sedimentary rocks similar to those
that directly overly the Central copper-gold zone at Kwanika have been mapped.
In addition, several occurrences of Cu-Au are reported from the area and
moderate to strongly anomalous Cu-Au-Ag stream sediment and soil geochemical
responses have been returned from Serengeti's and historical sampling. To view
the Kwanika area properties click here:
http://www.serengetiresources.com/i/pdf/Smoke_Rottacker_200K_ltr.pdf. The
acquisition of these properties is part of Serengeti's strategy to acquire
ground in areas of high potential based on geophysical and geochemical
signatures within geological settings favourable for porphyry-style copper-gold
mineralization.


About Serengeti Resources Inc.

Serengeti is a mineral exploration company managed by an experienced team of
professionals with a solid track record of exploration success. The Company is
currently advancing its Kwanika copper-gold project and exploring its extensive
portfolio of properties in the highly prospective Quesnel Trough of British
Columbia. A number of these projects are available for option-joint venture and
additional information can be found on the Company's website at
www.serengetiresources.com. Serengeti has 51.1 million shares issued and
outstanding or 58.3 million shares on a fully diluted basis.


ON BEHALF OF THE BOARD

David W. Moore, P. Geo., President, CEO and Director

Cautionary Statement 

This document contains "forward-looking statements" within the meaning of
applicable Canadian securities regulations. All statements other than statements
of historical fact herein, including, without limitation, statements regarding
exploration 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. A comprehensive list of risk factors is provided in the
Company's Annual Information Form ("AIF") for the year ended February 29, 2012
and filed on SEDAR on July 11, 2012. Readers are further advised not to place
undue reliance on forward-looking statements.


To view the map associated with this press release, please visit the following
link: http://media3.marketwire.com/docs/sir-0501-map.pdf.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Paradox Public Relations
514-341-0408 or Toll free (in North America) 1-866-460-0408
info@paradox-pr.ca


Serengeti Resources Inc.
604-605-1300
info@serengetiresources.com
www.serengetiresources.com

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