click here for Kwanika Core Model

Kwanika Location Map Click to Enlarge

Kwanika South Zone Plan Click to Enlarge

Kwanika Section 1250S Click to Enlarge

Kwanika Collar Map Click to Enlarge

Kwanika Resource Block Model Jan 2010 >0.25% Cu Eq Cut-off Looking East Click to View

43-101 Report Resource Estimate Click to Enlarge

Exploration Highlights

• Summer 2010 aggressive expansion drill program planned to increase the footprint of mineralization and/or discover additional high grade deposits to augment the existing resource.
• Initial metallurgical test completed, which has shown recoveries of 89% for Copper and 65to75% for Gold.
• Environmental scoping study completed
• Initial Resource Estimate published February 2009, with an additional deposit located within one year, the updated Resource Estimate published March 2010.
  Indicated resource 1.6 Million oz Au, 1.1 billion lb Cu,
  Inferred resource 0.5 million oz Au, 1.0 billion lb Cu.
• Discovery hole Dec 2006, 56,000 meters drill program completed in 123 holes to August 2008

Location
The project is situated in a large porphyry copper-gold belt known as the Quesnel Trough; Kwanika is located in north-central British Columbia approximately 140 kilometers northwest of Fort St. James.

Property Ownership
Serengeti Resources Inc., (SIR: TSX.V) retains 100% ownership of the Kwanika property which is situated in the Omineca Mining Division. It comprises of almost 9,000 hectares.

History
Previous exploration on the property occurred as early as the 1930's and copper mineralization was first recognized along Kwanika Creek in 1964. Prior to Serengeti's discovery, the property hosted a historical, non 43-101 compliant resource containing 36 million tonnes grading 0.2% copper in a portion of what is now recognized as the South Zone. Exploration conducted by Serengeti during 2005 and 2006 included airborne and ground IP geophysics as well as drill programs that resulted in the discovery hole K-06-9 that intersected 111.1 meters grading 0.69% copper and 0.54 grams gold/tonne in the Central Zone in December 2006.

Geology
The property is situated in the northern reaches of the Quesnel Trough, which is known to host numerous alkalic porphyry deposits. The regional geology comprising and surrounding the property proves to be variable, yet the geologic evolution of the Pinchi fault and Hogem Batholith has spatially constrained the lithologies. Kwanika is located between Northgate's Kemess Mine, which has produced up to 300,000 ounces of gold annually, and the Mt. Milligan deposit, reported to contain 5.6 million ounces of gold and 1.7 billion pounds of copper, currently being developed by Terrane Metals and Goldcorp. Click here to view an interactive review of the Kwanika project located at http://www.corebox.net/properties/kwanika/.

The Kwanika Project consists of two mineralized areas known as the Central Zone and the South Zone. Since the discovery, Serengeti has expanded the central area of high-grade, copper-gold mineralization using drill hole spacings designed to support a resource calculation. The company completed 56,000 metres of drilling in 123 holes up to August 2008. Some of the drilling highlights include Hole K-07-15 that cut 328.3 metres grading 0.61% copper and 0.72 grams gold/tonne and Hole K07-29 that intersected 48.6 metres of 0.75% copper and 2.5 grams gold/tonne. Hole K-07-28 encountered a 322-metre interval of porphyry-style copper-gold mineralization that graded 0.40% copper and 0.40 grams gold/tonne. A 240-metre interval in Hole K-08-62 contained 1.28% copper and 1.41 grams gold/tonne.

Resources
A NI 43-101 compliant resource estimate conducted on the Central copper-gold Zone at the Kwanika project was released in March 2009 and the resource on the South copper-molybdenum-gold Zone in March 2010 both prepared by Scott Wilson Roscoe Postle Associates Inc. The Central Zone estimate is based on 78 drill holes totaling 40,784 metres and the South Zone estimate is based on 31 holes totaling 10,844 meters, all which were drilled between 2006 and 2009.

At a 0.25% copper equivalent cut-off the Central Zone Mineral Resources are:

• 182.6 million tonnes of Indicated Mineral Resources grading 0.29 copper and 0.28 gold g/t (0.47% copper equivalent or 0.71 grams gold/tonne equivalent) containing 1.62 million ounces of gold and 1.15 billion pounds of copper.
• A higher grade zone based on a 0.40% copper equivalent cut-off contains 75.1 million tonnes of Indicated Mineral Resources grading 0.41% copper and 0.42 grams gold/tonne (0.69 copper equivalent or 1.05 g/t gold equivalent).
• 28.5 million tonnes of Inferred Mineral Resources grading 0.18% copper, 0.2 g/t gold (0.32% copper equivalent or 0.49 grams gold/tonne equivalent) and containing an additional 0.20 million ounces of gold and 120 million pounds of copper.

In addition, at a 0.25% copper equivalent cut-off, the South Zone Mineral Resources are:

• 129.1 million tonnes of Inferred Mineral Resources grading 0.30% copper, 0.09 grams per tonne gold, 1.76 grams per tonne silver, and 0.010% molybdenum (0.45% copper equivalent) containing 865 million pounds of copper, 0.35 million ounces of gold, 7.3 million ounces of silver and 28 million pounds of molybdenum.
• A higher grade portion of the zone at a 0.40% copper equivalent cut-off contains 62.2 million tonnes of Inferred Mineral Resources grading 0.41% copper, 0.09 grams per tonne gold, 2.25 grams per tonne silver, and 0.014% molybdenum (0.59% copper equivalent) containing 556 million pounds of copper, 0.19 million ounces of gold, 4.5 million ounces of silver, and 19 million pounds of molybdenum.

Aggregate mineral resources at Kwanika combining the South and Central Zone total 1.1 billion pounds of copper and 1.6 million ounces of gold in the Indicated Mineral Resource category, plus 1.0 billion pounds of copper and 0.5 million ounces of gold in the Inferred Mineral Resource category, estimated at a 0.25% copper equivalent cut-off grade.

An environmental scoping study and preliminary metallurgical studies have also been completed.

Infrastructure
One of the many upsides to the project is the excellent infrastructure, with the drill area being road accessible. The nearby BC rail-line would potentially provide a concentrate load capacity at Ft St James. The Kwanika property is within 75 kilometers of the Kemess power line, which following their planned shutdown in 2011; will have surplus hydro capacity. All exploration operations have been conducted from a fully established 30 man base camp which could support year round exploration.

Drill Program
Click here for a link to the news release tab of our website.
Serengeti will be starting a ~10,000 meter drill program in June of 2010. The Company will release data from the drill program as it is becomes available.