Vancouver, B.C., June 20, 2013: Serengeti Resources Inc. (SIR: TSX-V; 34S: FSE) is pleased to report the start of its summer exploration program. The work will focus on target development on newly acquired ground in the North Rok area of northwestern British Columbia, on properties staked earlier this year in the Kwanika area as well as on selected other properties. The focus of the work is, through geological mapping, prospecting and selective geochemical sampling, to cost-effectively identify prospective areas for follow-up geophysical surveying and / or future diamond drilling.
The scheduled program includes the following properties amongst others:
Red Chris North - two blocks totaling 5,675 Ha located 8-10 km north of Colorado Resources recent Cu-Au discovery in northwestern BC.
Smoke-Rottacker - Two recently acquired blocks, 2,469 Ha and 2,078 Ha, located northeast and southeast of Serengeti’s Kwanika Cu-Au deposit.
Osalinka - a large property (15,538 Ha) located 75 km northwest of Kwanika and adjacent to the Lorraine copper property.
Fleet - 3,005 Ha property with attractive copper target, located adjacent to the Kemess Mine Road in northern BC.
This work program will maintain and advance Serengeti’s key property holdings in British Columbia.
Serengeti also announces the following corporate developments. As a result of the sale of an interest in the Tide property by American Creek Resources to Brigade Resources Ltd., a Hunter Dickinson Inc. company, Serengeti retains a 0.51% net smelter returns royalty on the Tide Au property which is located 20km south of Pretium Resources’ VOK project. The Company also announces that John McBride has resigned from the board of directors of Serengeti to pursue other interests and the Company wishes to thank him for his service. On a separate matter, Serengeti has been advised that as a result of recent corporate restructuring, Xstrata Canada Corporation has elected to terminate the QUEST option agreement and return the subject property to Serengeti and partner Fjordland Exploration Inc.
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. A number of these projects are available for option-joint venture and additional information can be found on the Company’s website at www.serengetiresources.com. 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
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 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. A comprehensive list of risk factors is provided in the Company’s Annual Information Form (“AIF”) for the year ended February 29, 2012 and filed on SEDAR on July 11, 2012. 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
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