Mr. David Moore reports

SERENGETI ANNOUNCES OVERSUBSCRIPTION OF FINANCING

Further to Serengeti Resources Inc.'s news release of July 13, 2016, wherein it was announced that the company had arranged a non-brokered private placement to raise gross proceeds of up to $500,000, due to overwhelming interest in this financing, the company has agreed to increase the offering from five million units at 10 cents to 6.6 million units at 10 cents to raise gross proceeds of $660,000, and it is no longer accepting additional subscriptions beyond currently committed funds.

Each unit shall consist of one common share and one-half of one share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share of the company at a price of 15 cents for a period of two years following closing of the offering.

All the securities issued pursuant to this private placement will be subject to a four-month hold period. Completion of the offering shall be subject to receipt of all required regulatory and other approvals, including acceptance by the TSX Venture Exchange. The offering is not subject to any minimum aggregate subscription.

We seek Safe Harbor.