Mr. David Moore reports

SERENGETI REPORTS FIRST THREE HOLES FROM 2010 DRILLING AT KWANIKA

Serengeti Resources Inc. has released the results from the first three holes of a major drill campaign under way at the Kwanika copper-gold project in the Quesnel trough of north-central British Columbia.

  KWANIKA DRILL HOLES K-10-141 TO K-10-143 SIGNIFICANT RESULTS

                        Inter-
            From     To   val  Copper Gold Silver  Moly    CuEq
Hole          (m)    (m)   (m)      %  g/t    g/t     %       %

K-141       47.7  115.6  67.9    0.36 0.07    3.1 0.001    0.44
Incl.       95.6  115.6    20    0.54 0.04    4.0 0.003    0.62
K-143      115.6  129.8  14.2    0.01 0.01    0.4 0.025    0.23
K-143       21.3     64  42.7    0.23 0.14    1.8 0.002    0.35
Incl.       21.3   50.9  29.6     0.3 0.16    2.4 0.002    0.44
K-142                 No significant values

Drill sections and a 3-D model can be viewed at the company's website.

The three holes were spaced approximately 150 metres apart and were drilled to test the near-surface extent of the northwest edge of the South zone. The best of these, K-141, encountered a 67.9 m interval grading 0.36 per cent copper, 0.07 gram per tonne gold and 3.1 g/t silver and before encountering the West fault at 115 m depth. A higher grade interval assaying 0.54 per cent copper, 0.04 g/t gold and 4.0 g/t silver over 20 metres lies adjacent to the east of the fault and a molybdenum-enriched interval grading 0.025 per cent moly over 14.2 metres lies west of the fault. K-143 yielded a narrower interval of similar grade and K-142 was collared west of the fault and consequently did not return significant results.

"We are encouraged by these initial results," said David Moore, president and chief executive officer of Serengeti Resources. "While there are still many results to come before we can reassess and potentially upgrade our resources, the presence of mineralization in two of the first three holes is a good start."

Approximately 5,500 metres of drilling has been completed in 20 holes in this year's program and an additional 2,500 metres in nine holes are currently planned. Additional results will be released in batches as they become available.

The objective of the 2010 drill program is to expand the existing resource at the South zone. The company's previously reported NI 43-101-compliant resources, combining the South and Central zones, total 1.1 billion pounds of copper and 1.6 million ounces of gold in the indicated resource category, plus 1.0 billion pounds of copper and 500,000 ounces of gold in the inferred resource category, all estimated at a 0.25-per-cent copper equivalent cut-off grade. Upon completion of this summer's drill program at Kwanika, the company expects to update the resource estimate and complete a preliminary economic assessment.

                             KWANIKA MINERAL RESOURCES

                   CuEq %   Tonnage      Cu       Au      Ag      Mo  CuEq
Zone     Category cut-off        Mt       %      g/t     g/t       %     %

Central  Indicated   0.40      75.1    0.41     0.42       -       -  0.69
                     0.25     182.6    0.29     0.28       -       -  0.47
         Inferred    0.25      28.5    0.19     0.20       -       -  0.32
South    Inferred    0.40      62.2    0.41     0.09    2.25   0.014  0.59
                     0.25     129.1    0.30     0.09    1.76   0.010  0.45

Serengeti Resources will hold its annual general meeting on Thursday, Aug. 19, 2010, at 10:30 a.m. It will take place at the Terminal City Club, 837 West Hastings St., Vancouver, B.C.

Quality assurance/quality control

Sample analysis for the current program was completed at Acme Analytical Laboratories Ltd. in Vancouver, B.C. A comprehensive quality assurance/quality control program including duplicate samples, blanks and standards form part of the sampling protocol in addition to the laboratory's own quality assurance program. The field program was supervised by staff of Serengeti Resources and the technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101, and reviewed by the company's qualified person, Mr. Moore, PGeo, president and CEO of Serengeti Resources.