Serengeti Announces the Engagement of Board Advisor for Advancement / Development of its Mineral Projects and Grant of Stock Options

VANCOUVER, British Columbia, April 11, 2018 (GLOBE NEWSWIRE) -- Serengeti Resources Inc. (TSX-V:SIR) ("Serengeti" or "the Company") announces that it has entered into a consulting agreement with Mr. Wendell Zerb to provide strategic advisory services to the Company's Board of Directors, related to the advancement and development of the Company’s mineral projects.

Mr. Zerb has over 30 years combined work experience in mining, mineral exploration / development, and capital markets. His technical experience includes senior positions in generative mineral exploration, development and open pit and underground mining of base and precious metals. In capital markets, Mr. Zerb previously served as Director, Research Analyst, Metals and Mining (Canaccord Genuity Inc.), Vice President of Research and Institutional Sales and President and CEO of a wholly owned US subsidiary (PI Financial). Most recently, Mr. Zerb was President and CEO of Exeter Resource Corp. During his tenure at Exeter, Mr. Zerb directed the re-engineering development program of the Caspiche gold-copper deposit in Northern Chile. Exeter was successfully purchased in an all share takeover, valued at approximately $250 million, by Goldcorp Inc. in June 2017. Mr. Zerb is a registered Professional Geologist with the Association of Professional Engineers, and Geoscientists of Alberta (APEGA).

“We are extremely pleased to have an industry professional of Wendell’s quality and track record join Serengeti’s advisory board and very much look forward to his contributions to the Company’s future development” stated Serengeti’s President & CEO David W. Moore.

“Serengeti offers its shareholders a balance between advanced project development at its Kwanika copper-gold project and discovery potential from a diversified exploration portfolio. I look forward to assisting the Company as it works to advance a number of exciting mineral projects", stated Mr. Zerb.

Additionally, the Company announces the grant of 200,000 incentive stock options to consultants, exercisable at $0.15 for a period of two years from the date of grant.

ON BEHALF OF THE BOARD

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

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 in partnership with POSCO Daewoo Corporation and exploring its extensive portfolio of properties in north-central British Columbia. A number of these other projects are available for option or joint venture and additional information can be found on the Company’s website at www.serengetiresources.com.

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 as well as a comprehensive list of risk factors 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. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made, and we do not undertake any obligation to update forward-looking statements should conditions or our estimates change, other than as required by law and readers are further advised not to place undue reliance on forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact Investor Relations:
Paradox Public Relations - Tel: 514-341-0408 / Toll free (in North America) 1-866-460-0408 / Email: info@paradox-pr.ca

Serengeti Resources Inc. Suite 520 – 800 West Pender St., Vancouver, BC, V6C 2V6
Tel: 604-605-1300 / Email: info@serengetiresources.com / Website: www.serengetiresources.com