Vancouver, B.C., March 28, 2013: Serengeti Resources Inc. (SIR: TSX-V; 34S: FSE) reports the appointment of a new Chief Financial Officer (CFO), effective April 1, 2013. Ms. Sheri Rempel, currently Serengeti’s Controller, will replace Alec Peck, who has tendered his resignation as CFO. The Company wishes to thank Mr. Peck for his service to the Company.
Ms. Rempel has more than 25 years of accounting and financial management experience and has served as Serengeti’s Controller since 2007. Ms. Rempel started her career with public companies in 2001 and currently provides senior financial and advisory services to several Canadian private and public corporations, acting in Officer or Controller capacities.
The Company has granted an additional 75,000 stock options to Ms. Rempel to acquire common shares of Serengeti at a price of $0.12 per share, exercisable for a period of five years from the date of grant.
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 and exploring its extensive portfolio of properties in the highly prospective Quesnel Trough of British Columbia. Additional information on Serengeti’s projects can be found on the Company’s website atwww.serengetiresources.com. Serengeti is adequately funded to advance its projects with a current working capital position of approximately $1.4 million. Serengeti has 51.1 million shares issued and outstanding or 58.3 million shares on a fully diluted basis.
ON BEHALF OF THE BOARD
David W. Moore, P. Geo., President, CEO and Director
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
Serengeti Resources Inc. 1700-750 West Pender St, Vancouver, BC V6C 2T8
Tel: 604-605-1300 Email: firstname.lastname@example.org Website: www.serengetiresources.com