Industry Information

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	Serengeti Resources Inc. Kwanika Copper-Gold Project Infrastructure Advantages
	click to enlarge Vancouver, November 26, 2007: Teck Cominco Ltd. and Novagold Resources made public today their decision to halt development of the Galore Creek Project in the rugged coast range of northwestern British Columbia. The decision was prompted by rising capital costs which are estimated to go as high as $5 billion due to its remote location, climate and infrastructure challenges. In contrast to the Galore Creek project, Serengeti Resources Inc.'s Kwanika project is very favorably located in north-central British Columbia and does not face the same challenges. The Kwanika project enjoys a number of infrastructure advantages including year round road access, a nearby railway and a power line within 75 kms. Additionally, the wide valley-bottom terrain where the project is located offers a more hospitable region to work in. If Kwanika were to become an economic resource, the capital costs should be considerably lower due to its favorable location. If you have any questions, do not hesitate to contact Melodie Chant at 604-685-8184 or email .