Serengeti Resources Inc (SIR)

[dimonfind]

Yeah, they came from Teck Cominco Ltd.

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jul 14, 2004) - Serengeti Resources Inc. (TSX-V SIR) is pleased to announce changes to the directors and officers of the Company and a financing for up to $150,000. These changes are designed to revitalize the Company's mineral exploration activities, including the installation of a senior explorationist as the Company's new president.

Management changes

Effective immediately, David W. Moore P. Geo., is appointed President and CEO, and a director. Mr. Moore has spent most of his 30 year career with Teck Cominco Ltd. and its business units Cominco Ltd., Cominco Resources International, and Cominco American Incorporated. Most recently, from 1999 to 2001 he served as General Manager of Global Exploration and from 2001 to 2003 as General Manager of Exploration Business Development. In addition to the preceding, Mr. Moore held a number of directorships of subsidiary companies. Mr. Moore has a proven track record of discovery and experience in both base and precious metals, ranging from grass roots exploration to feasibility and project development. Mr. Moore holds a M.Sc. in Geology from the University of Toronto and a P.Geo. designation in the Province of British Columbia.

Mr. George Tikkanen, P.Eng., is also appointed as a director of the Company. Mr. Tikkanen is a senior exploration and mining executive who held a number of significant positions before retiring from Cominco Ltd. in 1999. Mr. Tikkanen held the position of Vice-President Exploration, Cominco Ltd. from 1992 to 1998 and President of Cominco Resources International Limited, a publicly listed company, from 1987 to 1995. In the course of his career, Mr. Tikkanen was responsible for the management of eight mining operations in five countries and oversaw the discovery and acquisition of numerous mineral deposits including direct participation in the negotiations leading to the development of the Red Dog Mine in Alaska.

Further changes include the appointments of Ms. Sharon Fleming as Corporate Secretary and Mr. Myron Osatenko P. Geo., as a senior geological consultant to the Company. Mr. Ian Brown, formerly President of Serengeti will remain as a director and has agreed to serve as Chief Financial Officer. Mr. Tim Gallagher has agreed to step down as a director. The Board of Directors wishes to thank Mr. Brown and Mr. Gallagher for their service to the Company.

The Company announces the awarding of the following incentive stock options issued in accordance with the Company's option plan: to Mr. Moore, 600,000; to Mr. Tikkanen, 200,000; to Ms. Fleming, 50,000; and to Mr. Osatenko, 50,000. These options are exercisable at a price of $0.10 per share, expire on July 7, 2009 and vest over an 18 month time period. As part of these changes Mr. Brown has agreed to the cancellation of 183,000 options previously awarded to him. With these grants, the Company now has 1,930,000 shares optioned under its stock option plan.

[Ed Monton]

Just watching for now. They staked a lot more ground in the Stewart area. There was a news release a while back.

It looks like the management have some pretty good experience.

[dimonfind]

Yes, I am. Have not come across anything recent about them.

How about you?

[Ed Monton]

Are you still in this one?

[dimonfind]

Rimfire Announces Nevada Exploration Alliance with Newmont

VANCOUVER, British Columbia--(BUSINESS WIRE)--Dec. 15, 2004--David Caulfield, President and CEO of Rimfire Minerals Corporation (TSX VENTURE:RFM) is pleased to announce the creation of an exploration alliance with Newmont Capital Limited, a subsidiary of Newmont Mining Corporation (NYSE:NEM) targeting a defined project area of 3060 square miles (7920 sq. km) in Nevada's Walker Lane Mineral Belt.


"The invitation to work in the State of Nevada with Newmont, one of the world's premier gold companies, is very exciting," said David Caulfield. "The agreement capitalizes on the complementary assets and technical skills of both companies. We look forward to finding new gold projects for our shareholders and also creating opportunities for Newmont by unlocking the value of their extensive Nevada database."

Rimfire will have access to Newmont's geological, geochemical and geophysical databases for the defined area. Newmont has agreed to provide dedicated technical assistance and use of its proprietary target compilation "neural network" technology.

According to M. Stephen Enders, Vice President Worldwide Exploration for Newmont, "Greenfield exploration is the foundation of our industry, and top-quality personnel are critical to that process. I am confident that Rimfire has the creative geoscience talent to efficiently maximize the value of our exploration opportunities."

Rimfire has committed to making USD$300,000 in expenditures within the project area during the term of the two year agreement. Rimfire may, at its discretion, acquire one or more properties within the project area boundaries in which to conduct further exploration work. On Rimfire's acquisition of any property interest, Newmont will be granted a Net Smelter Return Royalty of 2.0% to 3.0% on a sliding scale based on the price of gold.

Newmont will have a one-time right to enter a 50:50 Joint Venture upon Rimfire expenditures of USD$300,000 on an acquired property. When this right is exercised, Newmont will relinquish the Net Smelter Return Royalty, manage the Joint Venture, and solely fund the next USD$1,000,000 in exploration to earn its 50% interest.

Rimfire Minerals Corporation is an aggressive, well-financed mineral exploration company with a portfolio of highly prospective gold and silver properties in western North America. Partners include Newmont Mining Corporation, AngloGold (U.S.A.) Exploration Inc., Northgate Minerals Corporation, Cangold Limited, and Serengeti Resources Inc.

On behalf of Rimfire Minerals Corporation

David A. Caulfield, President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Rimfire Minerals Corporation (TSX VENTURE:RFM)

[dimonfind]

Serengeti Locates Gold-Silver Showing on Twin Property

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 7, 2004) - Serengeti
Resources Inc. (TSX VENTURE:SIR) David W. Moore, President and CEO of
Serengeti Resources Inc., is pleased to announce that the Company has
located a surface showing with elevated gold-silver values on the Twin
property. Twin is located on the Granduc Mine road, 32 kilometers north
of Stewart and four kilometers south of the Tide property where
Serengeti and partner Rimfire Minerals Corporation recently announced
the discovery of a very high grade gold-silver surface showing (values
up to 593 g/t Au and 14708 g/t Ag), as well as a drill intercept grading
1.0 g/t gold over 129.4 meters in a separate zone (see News Releases
dated November 23 and November 28, 2004).

The highlight of the exploration program conducted on the Twin property
in 2004 was the location of two old trenches, 15 meters apart, which
returned values in chip samples of 11.5 g/t gold, 93 g/t Ag over 1.7
meters and 11.6 g/t gold, 141 g/t silver over 3 meters. This
mineralization is associated with an east-west trending silicified zone
containing minor arsenopyrite, galena and sphalerite. Soil sampling
during the course of the recent program, 75 meters down slope of these
trenches, outlined a strong gold-arsenic-silver anomaly at least 125
meters wide which is unlikely to be solely caused by the mineralized
zone located to date. Sampling elsewhere on the 7.5 square kilometer
Twin property returned values from trace to 0.71 g/t gold in 15 rock
samples. Limited stream sediment geochemical sampling during the course
of the recent program also identified an anomalous drainage containing
166 parts per billion gold, from an area one kilometer to the south of
the mineralized trenches. Twin is one of a portfolio of five properties
in which Serengeti may earn a 100% interest (see News Release dated July
8, 2004).

The vein style of mineralization located to date at Twin is similar in
character to that at the formerly producing Snip gold mine (one million
ounces total production); or to the formerly producing Scottie gold mine
located one kilometer to the west of Twin; and to the recently announced
high grade gold-silver surface discovery on the Tide property.

Follow-up of these encouraging results as well as prospecting of a
geological horizon on the eastern side of the Twin property believed to
be age equivalent to the rocks hosting the Eskay Creek gold-silver
deposit is planned for the 2005 field season.

Analytical results from the current program were completed at ALS Chemex
in North Vancouver, BC. The technical information in this news release
has been prepared in accordance with Canadian regulatory requirements
set out in National Instrument 43-101 and reviewed by the Company's
qualified person David W. Moore, P.Geo., President and CEO of Serengeti
Resources Inc.

Serengeti is a mineral exploration company under experienced new
management who bring a solid track record of discovery. Serengeti is
focused on discovery copper-gold and gold-silver deposits in British
Columbia, especially in the highly prospective Quesnel Trough and
Stewart mining camps.

[dimonfind]

Rimfire Minerals Corporation and Serengeti Resources Inc.: 593 g/t Gold and 14,708 g/t Silver on Surface at Rimfire/Serengeti's Tide Property
08:00 EST Sunday, November 28, 2004



Last Trade: 29 Nov 2004 12:29 EST
Last Traded 0.320 Net Change +0.135
Last Bid Size 30 Volume 1,053,800
Last Bid Price 0.315 Open 0.380
Last Ask Price 0.330 High 0.395
Last Ask Size 14 Low 0.275



VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 28, 2004) - Rimfire Minerals Corporation (TSX VENTURE:RFM) and Serengeti Resources Inc. (TSX VENTURE:SIR)

New discovery follows announcement of potential bulk tonnage zone

Rimfire Minerals Corporation and Serengeti Resources Inc. are pleased to provide further results from the recently completed drilling and fieldwork program funded by Serengeti at the Tide property. The Tide property is ideally located on the Granduc Mine Road, 36 kilometres north of the deep-water port facilities at Stewart, BC.

High grade gold and silver mineralization was found within the limits of a 600 x 450 metre greater than 90 ppb gold-in-soil anomaly. This new mineralization, termed the 52 Zone, assayed 593 g/t (17 oz/ton) gold and 14708 g/t (429 oz/ton) silver and 360 g/t (10 oz/ton) gold and 7920 g/t (231 oz/ton) silver from two samples of a 0.50 metre wide vein, taken 2 metres apart.

"We have collected rock samples elsewhere on the Tide with high grades, but the 52 Zone is significant because of its continuity and locally exceptionally high gold and silver grades. The vein occurs within a structural corridor that we can trace for over 400 metres," explains David Moore, President of Serengeti Resources Inc. "The Tide property has already shown its potential for hosting bulk tonnage gold with the recently announced 36 Zone drill discovery. The 52 Zone shows the added potential for a high grade gold-silver deposit."

Prospecting that led to the discovery of the 52 Zone was completed in conjunction with a diamond drilling program that resulted in the discovery of a potential bulk tonnage gold mineralized zone at the 36 Zone, previously announced November 23, 2004. The only hole to test the 36 Zone, TIDE04-03, assayed 1.92 g/t gold over 39.6 metres within a 129.4 metre interval averaging 1.00 g/t gold. The 52 Zone is approximately 2 km northeast of the 36 Zone discovery drillhole.

Mineralization in the 52 zone is hosted within 0.2 to 1 metre wide, northwest trending quartz-pyrite-arsenopyrite+/-sphalerite-galena veins. The structural corridor that hosts the veins is in an area of poor outcrop exposure, consisting of several parallel quartz-sulphide veins. The corridor has been traced for over 400 metres along strike where nine additional grab samples were collected from other veins, returning values ranging from 0.85 g/t to 4.59 g/t gold and 4.4 g/t to 95.0 g/t silver. Potential to expand the extent of this corridor exists in both strike directions.

Rimfire purchased the Tide Property outright from Newmont Exploration Canada Limited in 2001, subject to a 1.5% Net Smelter Royalty (NSR). Serengeti is earning a 51% interest in the Tide Property by spending $1.435 million in exploration, paying $100,000 cash and issuing 325,000 shares by 2007. Rimfire is acting as project operator.

Analytical results from the current program were completed at ALS Chemex in North Vancouver, BC. Disclosure of prior results was made in a technical report filed on SEDAR on February 23, 2004, and news releases dated September 21, and November 23, 2004. The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by the Companies' qualified persons, David Caulfield, P. Geo., President and C.E.O Rimfire Minerals Corporation and David Moore, P. Geo., President and CEO Serengeti Resources Inc. Equity Engineering Ltd. provided geological and program management expertise.

Rimfire is an aggressive, well-financed mineral exploration company with a portfolio of highly prospective gold and silver properties in British Columbia and Alaska. Partners include AngloGold (U.S.A.) Exploration Inc., Newmont Mining Corporation, Northgate Minerals Corporation, Cangold Limited, and Serengeti Resources Inc.

Serengeti is a mineral exploration company, under experienced new management who bring a solid track record of discovery. Serengeti is focused on discovery of copper-gold and gold-silver deposits in British Columbia, especially in the highly prospective Quesnel Trough and Stewart mining camp.

FOR FURTHER INFORMATION PLEASE CONTACT:

Rimfire Minerals Corporation
David A. Caulfield
President and CEO
[phone]
or
Rimfire Minerals Corporation
Jason Weber
Manager, Corporate Communications
[phone]
Email: [e-mail]
Website: www.rimfireminerals.com
or
Serengeti Resources Inc.
David W. Moore
President and CEO
[phone]
Email: [e-mail]
or
Serengeti Resources Inc.
Jim Romano
Investor Relations
[phone]
Website: www.serengetiresources.com

[dimonfind]

Rimfire Minerals And Serengeti Resources Discover New Gold Zone At Tide Property

VANCOUVER, British Columbia--(BUSINESS WIRE)--Nov. 23, 2004--
129 metres of 1.0 g/t gold intersected in diamond drilling





Rimfire Minerals Corporation (TSX VENTURE:RFM) and Serengeti Resources Inc. (TSX VENTURE:SIR) are pleased to report the discovery of bulk tonnage style gold mineralization in diamond drilling funded by Serengeti at the Tide Property. The Tide Property is ideally located on the Granduc Mine Road, 36 kilometres north of the deep-water port facilities at Stewart, BC.

Gold mineralization was intersected at the 36 Zone, where hole TIDE04-03 averaged 1.00 g/t gold over 129.4 metres, including a 39.6 metre intersection averaging 1.92 g/t gold.

"TIDE04-03 is the first drill hole to test the 36 Zone soil geochemical anomaly, a 450 x 350 metre, greater than 0.5 g/t gold in soil anomaly that remains open in all directions," explains David Caulfield, President and CEO of Rimfire. "The hole was collared in the middle of the soil anomaly with better than 1.0 g/t gold values and this is reflected in the drill hole where mineralization was found throughout its entire length. With our success at the 36 Zone, we look forward to testing the full extent of the 36 Zone and testing other soil geochemical anomalies with similarly high gold-in-soil values found on strike and to the south."

"The Stewart area has a long mining history and is richly endowed with precious metals," states David Moore, President and CEO of Serengeti. "We see evidence of this in the Tide Property's proximity to two past producing mines at Premier-Silbak and Scottie Gold, south of the Property."

A total of 589 metres of drilling was completed in four reconnaissance holes testing the Arrow, South Pit, High Grade Pit and 36 zones.

Rimfire purchased the Tide Property outright from Newmont Exploration Canada Limited in 2001, subject to a 1.5% Net Smelter Royalty (NSR). Serengeti is earning a 51% interest in the Tide Property by spending $1.435 million in exploration, paying $100,000 cash and issuing 325,000 shares by 2007. Rimfire is acting as project operator.

Tide Property - Stewart-Sulphurets Corridor, BC

Rimfire and Serengeti were attracted to the Tide Property by its large, poorly explained soil and silt geochemical anomalies, the extent and high grades of its polymetallic mineralization, favourable infrastructure and breadth of mineralization in the Stewart-Sulphurets corridor. The Stewart-Sulphurets gold camp hosts such deposits as the Kerr-Sulphurets Gold deposits (3.4 million oz. gold) and Silbak-Premier Mine (2.1 million oz. gold, 43 million oz. silver).

Mineralization on the Property is related to a 200-1000 metre wide, hornblende-feldspar porphyry sill complex, an offshoot of the lower Jurassic Summit Lake Stock. Modern exploration of the Property, dating back to 1979, has identified 11 precious metal showings within a 7 square kilometer area. Work to date has indicated that the property has the potential to host both bulk tonnage targets (36 Zone) distal to the porphyry sill and high grade veins (Arrow Fault, High Grade Vein) both within the sill and peripheral to it.

Technical Report

36 Zone Drilling

The 36 Zone consists of an east-west trending fracture zone mineralized with pyrite, arsenopyrite and lesser pyrrhotite. The 36 Zone discovery hole tested a portion of the 350 metre by 150 metre core of the soil anomaly defined by greater than 1 g/t gold values. Gold mineralization occurs in sulphide+/-quartz veinlets and parallel joint surfaces. Joint and fracture density ranges from 10 fractures per metre to as high as 50 per metre locally. Gold mineralization occurs over the entire length of the hole, averaging 0.89 g/t gold over its 168.25 metre length. The drill hole was oriented orthogonal to the dominant fracture set striking east-west and dipping 50-60 degrees to the north. Drill hole locations and the 36 Zone cross section can be found on the Companies' websites, www.rimfireminerals.com and www.serengetiresources.com.


36 Zone Significant Intercepts

Hole From (m) To (m) Interval (m) Gold (g/t)
---------------------------------------------------------------------
TIDE04-03 2.13 131.52 129.39 1.00
including 44.78 81.61 39.60 1.92
including 63.43 81.61 18.18 2.75
TIDE04-03 149.50 158.66 9.16 1.15



Other Drilling

Intersections of note from the other three holes include a 106 metre interval of weak porphyry-style mineralization in hole TIDE04-02. This hole tested the core of an anomalous gold-silver-copper-molybdenum-in-soil anomaly centred over the porphyry sill approximately 1 kilometre east of the 36 Zone. Hole TIDE04-01 targeted the South Pit showing, a 15 metre wide alteration zone hosting quartz-arsenopyrite veins assaying 4.6 g/t gold over 2 metres and 4.4 g/t gold over 1 metre in surface chip samples. The final hole of the program, TIDE04-04, was directed at the Arrow Zone and massive sulphide float boulders, assaying up to 105 g/t gold and 598 g/t silver. Notable intersections are summarized below:

South Pit Showing - TIDE04-01 (94.18m)

- 49.44 to 50.25 m (0.81m) of 1.91 g/t gold and 3.5 g/t silver

High Grade Pit Zone - TIDE04-02 (167.94m)

- 43.41 to 149.36 m (105.95 m) - 0.10 g/t gold, 5.0 g/t silver, 638 ppm copper, 57 ppm molybdenum including 140.45 to 141.66 (1.21 m) - 0.24 g/t gold, 118.0 g/t silver, 5960 ppm copper, 84 ppm molybdenum

Arrow Zone - TIDE04-04 (166.12m)

- 5.42 to 6.33 m (0.91 m) - 1.74 g/t gold, 82.0 g/t silver, 803 ppm copper, 2260 ppm lead, 2940 ppm zinc

- 30.77 to 33.78 m (3.01 m) - 1.40 g/t gold

- 93.98 to 96.80 m (2.82 m) - 0.08 g/t gold, 23.5 g/t silver, 1244 ppm copper, 1320 ppm lead, 1.38% zinc

- 109.23 to 110.63 m (1.40 m) - 1.48 g/t gold, 15.9 g/t silver

Analytical results from the current program were completed at ALS Chemex in North Vancouver, BC. Disclosure of prior results was made in a technical report filed on SEDAR on February 23, 2004, and a news release dated September 21, 2004. The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by the Companies' qualified persons, David Caulfield, P. Geo., President and CEO of Rimfire Minerals Corporation and David W. Moore, P. Geo., President and CEO of Serengeti Resources Inc. A detailed description of Quality Assurance / Quality Control procedures is available on the Companies' websites. Equity Engineering Ltd. provided geological and project management expertise and Driftwood Diamond Drilling Ltd. provided diamond drilling services.

Rimfire is an aggressive, well-financed mineral exploration company with a portfolio of highly prospective gold and silver properties in British Columbia and Alaska. Partners include AngloGold (U.S.A.) Exploration Inc., Newmont Mining Corporation, Northgate Minerals Corporation, Cangold Limited, and Serengeti Resources Inc.

Serengeti is a mineral exploration company, under experienced new management who bring a solid track record of discovery. Serengeti is focused on discovery of copper-gold and gold-silver deposits in British Columbia, especially in the highly prospective Quesnel Trough and Stewart mining camp.

The TSX Venture Exchange has neither approved nor disapproved the contents of this news release.

Contacts


Rimfire Minerals Corporation
David A. Caulfield
President and CEO
[phone]
[e-mail]
OR
Rimfire Minerals Corporation
Jason Weber
Manager, Corporate Communications
[phone]
[e-mail]
www.rimfireminerals.com
OR
Serengeti Resources Inc.
David W. Moore
President and CEO
[phone]
[e-mail]
OR
Serengeti Resources Inc.
Jim Romano
Investor Relations
[phone]
[e-mail]

[dimonfind]

Vancouver, BC -- November 18, 2004: Cangold Limited and Rimfire Minerals Corporation are pleased to announce the discovery of a barite-quartz boulder that assayed 265g/t (7.7oz/t) gold and 631g/t (18.4oz/t) silver and the successful completion of the diamond drilling program on the Thorn property in the Atlin Mining Division of northwest British Columbia.

Prospecting immediately north of the North Grid has resulted in the discovery of a barite-quartz-sulphide boulder with visible gold that assayed 265g/t gold and 631g/t silver. The source of the boulder is as yet unknown but the discovery is located approximately 2000 metres north of the Camp Creek Structural Corridor in a portion of the property that has not seen any previous work. The boulder is described as being angular with a minimum dimension of 35 cm and therefore has likely not traveled far from source. Additional results from the surface program are being compiled and will be released in due course.

"This prospecting discovery has not only returned the highest gold grades seen to date on the Thorn Property, but it represents another new style of mineralization in an entirely new area and is testament to the size and intensity of the mineralizing system here," states Bob Archer, President of Cangold. "As the Thorn Property now comprises more than 143 square kilometres, this discovery underscores the importance of following up on reconnaissance-scale anomalies, as they have repeatedly led to new mineralization and enhance the potential of the property to host a significant deposit."

The diamond drill program consisted of a total of 1,810.44 metres of BTW core drilling in 12 holes, testing 8 different target areas. Four holes targeted silver-gold mineralization discovered in 2003 at the Oban Breccia Zone, testing the zone at depth and along strike. Three holes targeted the continuity of high-grade gold-silver-copper mineralization in massive sulphide veins along the 1.5 kilometre-long Camp Creek Structural Corridor, and five holes targeted new Induced Polarization (IP) geophysical anomalies outside of these areas. Results of the drilling will be released once all assays have been received and compiled by the Companies.

The Thorn Project is a 51:49 joint venture between Cangold and Rimfire, respectively, with Cangold as the operator. Robert Brown, P.Eng, is the Qualified Person for the project, as defined by NI 43-101. Equity Engineering Ltd. provides geological and project management expertise, and Falcon Diamond Drilling Ltd. provided diamond drilling services. Samples are being analyzed by ALS Chemex Labs of North Vancouver, BC.

On behalf of Rimfire Minerals Corporation "David Caulfield" David Caulfield, P.Geo. President

On behalf CANGOLD LIMITED "Robert Archer" Robert A. Archer, P.Geo. President

For further information contact:

Rimfire Minerals Corporation David Caulfield/Jason Weber, Suite 700 - 700 West Pender St., Vancouver, British Columbia V6C 1G8, Phone: [phone] Fax [phone] www.rimfireminerals.com, [e-mail]

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release

[dimonfind]

Serengeti Updates Progress on BC Porphyry Copper-Gold
Prospects

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 18, 2004) - Serengeti
Resources Inc. (TSX VENTURE:SIR)

David W. Moore, President and CEO of Serengeti Resources Inc. is pleased
to update developments on Serengeti's five porphyry-copper gold
prospects in the Quesnel Trough of northern British Columbia, host to
the Mt. Milligan and Kemess porphyry copper-gold deposits. All the
properties lie within 10 km of the Omenica mining access road with the
Choo and Darby prospects directly accessible off logging / mining roads.

"Serengeti's recently completed fall program on these five highly
prospective properties, Bloom, Choo, Fleet, Darby, and Shadow indicates
that these systems are stronger and potentially more extensive than
originally expected," states Moore. "Due to these highly encouraging
results, we have increased our land position by staking and it is clear
that additional detailed follow-up and in some cases drilling will be
required to further assess their potential."

Recent soil and rock sampling on the Bloom property confirms highly
anomalous copper and gold values from prior sampling. The best target
here is a rusty, altered diorite that shows copper oxide mineralization.
Coincident with this target is a 1,500 meter by 1,000 meter soil anomaly
that contains 800 ppm to 4,500 ppm copper and 30 ppb to 2,080 ppb gold.
Forty-two previously collected rock samples average 6,900 ppm copper and
590 ppb gold with highly anomalous zinc values and approximately 300 ppm
cobalt. The highly anomalous zinc values and the presence of strong
alteration suggest the main target may lie at shallow depth below the
surface. A 225 hectare claim block was added to the property.

The Choo property, located 25 km west of Placer Dome's Mt. Milligan
deposit, shows the same shape, size and intensity of aeromagnetic
anomaly as at Mt. Milligan. Recent stream sediment, soil and rock
sampling (56 samples) shows 26 are anomalous to strongly anomalous for
copper and 5 for gold. Re-logging of six of the better mineralized holes
previously drilled on the property, which returned the following copper
values: 0.07%/80meters, 0.05%/43meters, 0.07%/42meters, 0.13%/33meters,
0.19%/10meters and 0.05%/42meters, shows moderate to strong alteration
of diorite accompanied by 1% to 5% pyrite. In addition to the better
mineralized copper holes, three others have less copper but encouraging
gold values (142 ppb gold/40meters, 190 ppb/26meters and 95
ppb/20meters). The deepest hole was drilled to a depth of 90 meters
below the surface. Of the mineralized holes, eight occur in a poorly
exposed central part of the property in an area measuring 2,100 meters
by 700 meters, coincident with an open ended induced polarization (IP)
and magnetic anomaly. The grades seen in these holes are typical of
holes adjacent to or above a porphyry copper-gold deposit.

The Fleet property is located 38 kilometers south-southeast of the
Kemess mine. Mapping, in the recently completed program, has identified
an altered quartz diorite sill, mineralized with copper and molybdenum,
that is coincident with a plus 1,000 meter by 700 meter IP anomaly
identified by prior operators. This IP anomaly has only been tested by
four shallow holes in one small area with the best and deepest hole
running 0.07%Cu over 60meters. This altered and potentially mineralized
system may extend 2,500 meters on strike to the northwest, as indicated
by anomalous stream sediment and soil samples and a strong ground
magnetic anomaly from a prior survey. The Fleet property has been
doubled in size by staking a 500 hectare claim to cover this newly
recognized potential.

At the Darby prospect recent stream sediment sampling down slope and to
the west of a 4.5 kilometer by 1 kilometer copper-gold soil anomaly,
outlined by prior operators, has confirmed anomalous copper and gold
values. The best target here is a 2,500 meter by 500 meter soil anomaly
that averages 890 ppm copper and 102 ppb gold in an area of mapped
altered, copper mineralized monzodiorite. Twenty-three grab and chip
rock samples, previously collected from this area, averaged 3,200 ppm
copper and 196 ppb gold.

At the Shadow prospect, follow-up stream sediment sampling of a
government survey, during the current program yielded anomalous copper
values from 155 ppm to 333 ppm and gold values from less than 10 to
2,200 ppb. The anomalous values originate from a very rusty, strongly
altered diorite that is at least 1,500 meters long by 300 meters wide.
Limited rock sampling returned values of up to 997 ppm copper and 1,336
ppb gold respectively.

Mr. Moore is also pleased to announce that Myron Osatenko has been
appointed as Serengeti's Chief Geologist. Mr. Osatenko brings 35 years
exploration experience with Teck Cominco Limited, Cominco Ltd. and
related companies, where he specialized in the identification and
discovery of large tonnage porphyry copper and copper-gold deposits. He
has detailed experience with these deposits over a geographical range
from the large copper deposits of Chile, to the Highland Valley of
British Columbia and the Pebble copper-gold deposit in Alaska.

Analytical results from the current program were completed at Global
Discovery Labs in Vancouver, BC. The technical information in this news
release has been prepared in accordance with Canadian regulatory
requirements set out in National Instrument 43-101 and reviewed by the
Company's qualified person David Moore, P.Geo., President and CEO of
Serengeti Resources Inc.

-30-


FOR FURTHER INFORMATION PLEASE CONTACT:
Serengeti Resources Inc.
David W. Moore
President and CEO
[phone]
[phone] (FAX)
Email: [e-mail]
or
Serengeti Resources Inc.
Jim Romano
Investor Relations
[phone]
Email: [e-mail]
Website: www.serengetiresources.com
The TSX Venture Exchange has neither approved nor disapproved the
contents of this news release.

[Jusbrowsing]

Rimfire Minerals And Serengeti Resources Discover New Gold Zone At Tide Property
09:00 EST Tuesday, November 23, 2004



VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 23, 2004) -

129 metres of 1.0 g/t gold intersected in diamond drilling

Rimfire Minerals Corporation (TSX VENTURE:RFM) and Serengeti Resources Inc. (TSX VENTURE:SIR) are pleased to report the discovery of bulk tonnage style gold mineralization in diamond drilling funded by Serengeti at the Tide Property. The Tide Property is ideally located on the Granduc Mine Road, 36 kilometres north of the deep-water port facilities at Stewart, BC.

Gold mineralization was intersected at the 36 Zone, where hole TIDE04-03 averaged 1.00 g/t gold over 129.4 metres, including a 39.6 metre intersection averaging 1.92 g/t gold.

"TIDE04-03 is the first drill hole to test the 36 Zone soil geochemical anomaly, a 450 x 350 metre, greater than 0.5 g/t gold in soil anomaly that remains open in all directions," explains David Caulfield, President and CEO of Rimfire. "The hole was collared in the middle of the soil anomaly with better than 1.0 g/t gold values and this is reflected in the drill hole where mineralization was found throughout its entire length. With our success at the 36 Zone, we look forward to testing the full extent of the 36 Zone and testing other soil geochemical anomalies with similarly high gold-in-soil values found on strike and to the south."

"The Stewart area has a long mining history and is richly endowed with precious metals," states David Moore, President and CEO of Serengeti. "We see evidence of this in the Tide Property's proximity to two past producing mines at Premier-Silbak and Scottie Gold, south of the Property."

A total of 589 metres of drilling was completed in four reconnaissance holes testing the Arrow, South Pit, High Grade Pit and 36 zones.

Rimfire purchased the Tide Property outright from Newmont Exploration Canada Limited in 2001, subject to a 1.5% Net Smelter Royalty (NSR). Serengeti is earning a 51% interest in the Tide Property by spending $1.435 million in exploration, paying $100,000 cash and issuing 325,000 shares by 2007. Rimfire is acting as project operator.

Tide Property - Stewart-Sulphurets Corridor, BC

Rimfire and Serengeti were attracted to the Tide Property by its large, poorly explained soil and silt geochemical anomalies, the extent and high grades of its polymetallic mineralization, favourable infrastructure and breadth of mineralization in the Stewart-Sulphurets corridor. The Stewart-Sulphurets gold camp hosts such deposits as the Kerr-Sulphurets Gold deposits (3.4 million oz. gold) and Silbak-Premier Mine (2.1 million oz. gold, 43 million oz. silver).

Mineralization on the Property is related to a 200-1000 metre wide, hornblende-feldspar porphyry sill complex, an offshoot of the lower Jurassic Summit Lake Stock. Modern exploration of the Property, dating back to 1979, has identified 11 precious metal showings within a 7 square kilometer area. Work to date has indicated that the property has the potential to host both bulk tonnage targets (36 Zone) distal to the porphyry sill and high grade veins (Arrow Fault, High Grade Vein) both within the sill and peripheral to it.

Technical Report

36 Zone Drilling

The 36 Zone consists of an east-west trending fracture zone mineralized with pyrite, arsenopyrite and lesser pyrrhotite. The 36 Zone discovery hole tested a portion of the 350 metre by 150 metre core of the soil anomaly defined by greater than 1 g/t gold values. Gold mineralization occurs in sulphide+/-quartz veinlets and parallel joint surfaces. Joint and fracture density ranges from 10 fractures per metre to as high as 50 per metre locally. Gold mineralization occurs over the entire length of the hole, averaging 0.89 g/t gold over its 168.25 metre length. The drill hole was oriented orthogonal to the dominant fracture set striking east-west and dipping 50-60o to the north. Drill hole locations and the 36 Zone cross section can be found on the Companies' websites, www.rimfireminerals.com and www.serengetiresources.com.

36 Zone Significant Intercepts

Hole From (m) To (m) Interval (m) Gold (g/t)
---------------------------------------------------------------------
TIDE04-03 2.13 131.52 129.39 1.00
including 44.78 81.61 39.60 1.92
including 63.43 81.61 18.18 2.75
TIDE04-03 149.50 158.66 9.16 1.15


Other Drilling

Intersections of note from the other three holes include a 106 metre interval of weak porphyry-style mineralization in hole TIDE04-02. This hole tested the core of an anomalous gold-silver-copper-molybdenum-in-soil anomaly centred over the porphyry sill approximately 1 kilometre east of the 36 Zone. Hole TIDE04-01 targeted the South Pit showing, a 15 metre wide alteration zone hosting quartz-arsenopyrite veins assaying 4.6 g/t gold over 2 metres and 4.4 g/t gold over 1 metre in surface chip samples. The final hole of the program, TIDE04-04, was directed at the Arrow Zone and massive sulphide float boulders, assaying up to 105 g/t gold and 598 g/t silver. Notable intersections are summarized below:

South Pit Showing - TIDE04-01 (94.18m)

- 49.44 to 50.25 m (0.81m) of 1.91 g/t gold and 3.5 g/t silver

High Grade Pit Zone - TIDE04-02 (167.94m)

- 43.41 to 149.36 m (105.95 m) - 0.10 g/t gold, 5.0 g/t silver, 638 ppm copper, 57 ppm molybdenum including 140.45 to 141.66 (1.21 m) - 0.24 g/t gold, 118.0 g/t silver, 5960 ppm copper, 84 ppm molybdenum

Arrow Zone - TIDE04-04 (166.12m)

- 5.42 to 6.33 m (0.91 m) - 1.74 g/t gold, 82.0 g/t silver, 803 ppm copper, 2260 ppm lead, 2940 ppm zinc

- 30.77 to 33.78 m (3.01 m) - 1.40 g/t gold

- 93.98 to 96.80 m (2.82 m) - 0.08 g/t gold, 23.5 g/t silver, 1244 ppm copper, 1320 ppm lead, 1.38% zinc

- 109.23 to 110.63 m (1.40 m) - 1.48 g/t gold, 15.9 g/t silver

Analytical results from the current program were completed at ALS Chemex in North Vancouver, BC. Disclosure of prior results was made in a technical report filed on SEDAR on February 23, 2004, and a news release dated September 21, 2004. The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by the Companies' qualified persons, David Caulfield, P. Geo., President and CEO of Rimfire Minerals Corporation and David W. Moore, P. Geo., President and CEO of Serengeti Resources Inc. A detailed description of Quality Assurance / Quality Control procedures is available on the Companies' websites. Equity Engineering Ltd. provided geological and project management expertise and Driftwood Diamond Drilling Ltd. provided diamond drilling services.

Rimfire is an aggressive, well-financed mineral exploration company with a portfolio of highly prospective gold and silver properties in British Columbia and Alaska. Partners include AngloGold (U.S.A.) Exploration Inc., Newmont Mining Corporation, Northgate Minerals Corporation, Cangold Limited, and Serengeti Resources Inc.

Serengeti is a mineral exploration company, under experienced new management who bring a solid track record of discovery. Serengeti is focused on discovery of copper-gold and gold-silver deposits in British Columbia, especially in the highly prospective Quesnel Trough and Stewart mining camp.

FOR FURTHER INFORMATION PLEASE CONTACT:

Rimfire Minerals Corporation
David A. Caulfield
President and CEO
[phone]
[e-mail]
or
Rimfire Minerals Corporation
Jason Weber
Manager, Corporate Communications
[phone]
[e-mail]
www.rimfireminerals.com
or
Serengeti Resources Inc.
David W. Moore
President and CEO
[phone]
[e-mail]
or
Serengeti Resources Inc.
Jim Romano
Investor Relations
[phone]
[e-mail]





Price History




Serengeti Resources Price History for Symbol: SIR-X
Last: .180 Last Trade: Nov 23, 2004 15:55 EST
Date Close High Low Volume
Nov 23 0.180 0.190 0.140 237,500
Nov 22 0.140 0.140 0.140 14,000
Nov 19 0.140 0.140 0.140 30,000
Nov 18 0.150 0.150 0.130 138,000
Nov 17 0.115 0.115 0.115 0
Nov 16 0.115 0.115 0.115 0
Nov 15 0.115 0.115 0.115 0
Nov 12 0.115 0.115 0.115 0
Nov 11 0.115 0.125 0.100 209,400
Nov 10 0.110 0.110 0.100 10,100
Nov 09 0.105 0.115 0.105 15,600
Nov 08 0.105 0.105 0.105 0
Nov 05 0.105 0.105 0.105 13,000
Nov 04 0.105 0.105 0.105 0
Nov 03 0.105 0.105 0.105 0
Nov 02 0.105 0.130 0.105 101,000
Nov 01 0.125 0.145 0.125 16,200
Oct 29 0.120 0.120 0.120 0
Oct 28 0.120 0.125 0.120 22,200
Oct 27 0.140 0.140 0.140 0
Oct 26 0.140 0.140 0.140 8,800
Oct 25 0.125 0.125 0.125 3,500
Oct 22 0.125 0.125 0.125 6,000
Oct 21 0.120 0.120 0.120 0
Oct 20 0.120 0.120 0.120 0
Oct 19 0.120 0.120 0.115 54,800
Oct 18 0.110 0.110 0.110 0
Oct 15 0.110 0.110 0.110 10,500
Oct 14 0.110 0.110 0.110 0
Oct 13 0.110 0.120 0.110 20,000
Find Out More
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[dimonfind]

Serengeti Updates Progress on BC Porphyry Copper-Gold Prospects
08:30 EST Thursday, November 18, 2004



VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 18, 2004) - Serengeti Resources Inc. (TSX VENTURE:SIR)

David W. Moore, President and CEO of Serengeti Resources Inc. is pleased to update developments on Serengeti's five porphyry-copper gold prospects in the Quesnel Trough of northern British Columbia, host to the Mt. Milligan and Kemess porphyry copper-gold deposits. All the properties lie within 10 km of the Omenica mining access road with the Choo and Darby prospects directly accessible off logging / mining roads.

"Serengeti's recently completed fall program on these five highly prospective properties, Bloom, Choo, Fleet, Darby, and Shadow indicates that these systems are stronger and potentially more extensive than originally expected," states Moore. "Due to these highly encouraging results, we have increased our land position by staking and it is clear that additional detailed follow-up and in some cases drilling will be required to further assess their potential."

Recent soil and rock sampling on the Bloom property confirms highly anomalous copper and gold values from prior sampling. The best target here is a rusty, altered diorite that shows copper oxide mineralization. Coincident with this target is a 1,500 meter by 1,000 meter soil anomaly that contains 800 ppm to 4,500 ppm copper and 30 ppb to 2,080 ppb gold. Forty-two previously collected rock samples average 6,900 ppm copper and 590 ppb gold with highly anomalous zinc values and approximately 300 ppm cobalt. The highly anomalous zinc values and the presence of strong alteration suggest the main target may lie at shallow depth below the surface. A 225 hectare claim block was added to the property.

The Choo property, located 25 km west of Placer Dome's Mt. Milligan deposit, shows the same shape, size and intensity of aeromagnetic anomaly as at Mt. Milligan. Recent stream sediment, soil and rock sampling (56 samples) shows 26 are anomalous to strongly anomalous for copper and 5 for gold. Re-logging of six of the better mineralized holes previously drilled on the property, which returned the following copper values: 0.07%/80meters, 0.05%/43meters, 0.07%/42meters, 0.13%/33meters, 0.19%/10meters and 0.05%/42meters, shows moderate to strong alteration of diorite accompanied by 1% to 5% pyrite. In addition to the better mineralized copper holes, three others have less copper but encouraging gold values (142 ppb gold/40meters, 190 ppb/26meters and 95 ppb/20meters). The deepest hole was drilled to a depth of 90 meters below the surface. Of the mineralized holes, eight occur in a poorly exposed central part of the property in an area measuring 2,100 meters by 700 meters, coincident with an open ended induced polarization (IP) and magnetic anomaly. The grades seen in these holes are typical of holes adjacent to or above a porphyry copper-gold deposit.

The Fleet property is located 38 kilometers south-southeast of the Kemess mine. Mapping, in the recently completed program, has identified an altered quartz diorite sill, mineralized with copper and molybdenum, that is coincident with a plus 1,000 meter by 700 meter IP anomaly identified by prior operators. This IP anomaly has only been tested by four shallow holes in one small area with the best and deepest hole running 0.07%Cu over 60meters. This altered and potentially mineralized system may extend 2,500 meters on strike to the northwest, as indicated by anomalous stream sediment and soil samples and a strong ground magnetic anomaly from a prior survey. The Fleet property has been doubled in size by staking a 500 hectare claim to cover this newly recognized potential.

At the Darby prospect recent stream sediment sampling down slope and to the west of a 4.5 kilometer by 1 kilometer copper-gold soil anomaly, outlined by prior operators, has confirmed anomalous copper and gold values. The best target here is a 2,500 meter by 500 meter soil anomaly that averages 890 ppm copper and 102 ppb gold in an area of mapped altered, copper mineralized monzodiorite. Twenty-three grab and chip rock samples, previously collected from this area, averaged 3,200 ppm copper and 196 ppb gold.

At the Shadow prospect, follow-up stream sediment sampling of a government survey, during the current program yielded anomalous copper values from 155 ppm to 333 ppm and gold values from less than 10 to 2,200 ppb. The anomalous values originate from a very rusty, strongly altered diorite that is at least 1,500 meters long by 300 meters wide. Limited rock sampling returned values of up to 997 ppm copper and 1,336 ppb gold respectively.

Mr. Moore is also pleased to announce that Myron Osatenko has been appointed as Serengeti's Chief Geologist. Mr. Osatenko brings 35 years exploration experience with Teck Cominco Limited, Cominco Ltd. and related companies, where he specialized in the identification and discovery of large tonnage porphyry copper and copper-gold deposits. He has detailed experience with these deposits over a geographical range from the large copper deposits of Chile, to the Highland Valley of British Columbia and the Pebble copper-gold deposit in Alaska.

Analytical results from the current program were completed at Global Discovery Labs in Vancouver, BC. The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by the Company's qualified person David Moore, P.Geo., President and CEO of Serengeti Resources Inc.

[dimonfind]

Rimfire and Serengeti Commence Drill Program on the Tide Property

http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20040921005...


VANCOUVER, British Columbia--(BUSINESS WIRE)--Sept. 21, 2004--Henry Awmack, Chairman of Rimfire Minerals Corporation (TSX VENTURE:RFM) is pleased to report that diamond drilling at the Tide Property, funded by partner Serengeti Resources Inc., has started. This phase two program will consist of approximately 600 metres of drilling to test four different target areas. The Tide is favourably located 40 km north of the deep-water port of Stewart, in northwest British Columbia, and is accessible via the Granduc Mine road.


2004 Surface Exploration Results

The recent phase one exploration program consisted of soil sampling, prospecting and geological mapping. This program helped define a 2000 by 600 metre gold-in-soil anomaly exceeding 90 parts per billion (ppb) cored by a zone of anomalous copper, molybdenum and silver values in the central part of the property. This anomaly may reflect a newly recognized porphyry system, overprinted by later gold-silver-base metal veins. Peripheral to this central area are the gold-arsenic bearing 36 Zone and South Pit Zones as well as a newly identified soil geochemical anomaly on the northern part of the property. This anomaly measures 650 by 400 metres of greater than 90 ppb gold, with a core of elevated arsenic, molybdenum and antimony. Rock sampling in these areas and across the property returned 44 (of a total 104) samples assaying greater than 1 gram per tonne (g/t) gold of which 14 assayed greater than 5 g/t gold. Follow up surface work within these newly identified soil anomalies will be undertaken in conjunction with the drill program.

Drill Targets

Diamond drilling will target the 36 Zone, South Pit Zone, Arrow Structure, and the newly identified porphyry style copper-gold-molybdenum mineralization and associated extensive soil geochemical anomalies. The 36 Zone is a bulk tonnage gold target where gold-bearing sheeted quartz-pyrite-arsenopyrite veins are exposed over a 250 by 150 metre area lying within a larger gold-in-soil anomaly of greater than 1000 ppb. Drilling will target anomalous rock samples collected by a previous operator ranging from 1.9 to 10.3 g/t. The newly recognized gold-copper-molybdenum porphyry target will be tested in conjunction with gold-silver-lead-zinc bearing massive sulphide veins at the High Grade Vein, Arrow Structure and newly recognized Brown Bear Zone. Assays of 8.1 g/t gold and 1958 g/t silver across 0.97 metres have been previously reported from the High Grade Vein. The South Pit Zone is located within an area of anomalous soil geochemistry 600 by 250 metres wide containing greater than 1000 ppb gold. Drilling will target a 15 metre wide alteration zone hosting quartz-arsenopyrite veins assaying 4.6 g/t gold over 2 metres and 4.4 g/t gold over 1 metre.

Serengeti and Rimfire management are pleased with the recognition of a potential porphyry gold-copper-molybdenum system associated with the known high grade gold-silver veins and with the expansion and identification of new soil geochemical anomalies on the property.

Assays from the current program were completed at ALS Chemex in North Vancouver, BC. Disclosure of prior results was made in a technical report filed on SEDAR on February 23, 2004. The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by our qualified person, David Caulfield, P. Geo. President, C.E.O Rimfire Minerals Corporation.

Exploration Update

Rimfire is awaiting results from a number of recently completed drilling and reconnaissance exploration projects, including drilling funded by AngloGold and Northgate Minerals at the ER and RDN projects in Alaska and British Columbia, respectively. Reconnaissance exploration has been completed at the wholly-owned Sutlahine Project, a 170 sq. km claim package northwest of the Thorn Property in northwest British Columbia. Newmont and Rimfire have also completed the initial phase of reconnaissance under terms of the Targeted Exploration Alliance agreement.

Three drilling programs are underway or about to commence. In addition to the Tide drilling program, Rimfire will initiate a drill campaign at the Thorn to test the continuity of Oban Breccia Zone mineralization on strike and at depth, and IP geophysical targets generated in 2004 surveying. The third program is currently underway on the Eagle Property in Alaska, funded by AngloGold.

Results from these programs will be released once all data has been compiled and verified.

On behalf of Rimfire Minerals Corporation

Henry Awmack, Chairman

If you have an E-mail address and would prefer to receive Rimfire's news through this format, please E-mail us at [e-mail]

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contacts


Rimfire Minerals Corporation
Jason Weber
[phone]
Fax: [phone]
Email: [e-mail]
Website: www.rimfireminerals.com

[dimonfind]

Serengeti Resources Inc.: B.C. Copper Gold Prospect Staked
08:30 EDT Wednesday, August 25, 2004



VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 25, 2004) - David Moore, President and CEO of Serengeti Resources Inc. (TSX-V: SIR), reports that the Company has staked the Choo Property, a road-accessible 1500 hectare porphyry copper-gold prospect 70 km north of Fort St. James, B.C. and 25 km west of Placer Dome's Mt. Milligan deposit (408 million tonnes of 0.19% copper and 0.44grams/tonne gold).

A prior operator carried out mapping, sampling, airborne and ground geophysics on the claims - including shallow penetrating induced polarization (IP) - and drilled approximately 1,600 meters in 16 short holes on the property between 1989 and 1992. This work outlined a 1.0 km by 4.5 km coincident IP chargeability and magnetic anomaly in an area of extensive but shallow cover. In the southwest corner of the IP anomaly, local potassium-feldspar alteration with pyrite and minor chalcopyrite (possibly indicative of a mineralized center) was reported, coincident with a copper soil anomaly greater than one square km in extent. Prior grab sampling of a mineralized occurrence in the northwest corner of the IP anomaly returned up to 1.6% copper and 4.9 grams/tonne gold. Partial data only are available from the prior drilling, but are sufficient to indicate the presence of anomalous copper values (e.g. 21 meters @ 0.15% copper and 82 meters @ 0.06% copper) in the system.

Mr. Moore stated: "This new acquisition is a further step in Serengeti's strategy of acquiring high potential exploration targets and brings to five the number of properties controlled by the company in the porphyry copper-gold belt of north-central B.C. This belt is viewed as having excellent scope for additional large, good grade discoveries as demonstrated by the recent successes at Kemess North and Mt. Polley. The data on this newly acquired property show a large, poorly exposed IP and magnetic anomaly in which intriguing copper-gold values are present. Excellent potential for an economic discovery exists within this shallowly-tested porphyry system."

Serengeti intends to acquire and compile the data from previous exploration on the claims prior to designing a follow-up exploration program that could consist of deeper penetrating IP geophysics and eventual drilling. The property is characterized by gentle topography, such that field work will be possible during much of the year.

[dimonfind]

Serengeti Announces Management Changes and Proposed Financing
09:00 EDT Wednesday, July 14, 2004



VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jul 14, 2004) - Serengeti Resources Inc. (TSX-V SIR) is pleased to announce changes to the directors and officers of the Company and a financing for up to $150,000. These changes are designed to revitalize the Company's mineral exploration activities, including the installation of a senior explorationist as the Company's new president.

Management changes

Effective immediately, David W. Moore P. Geo., is appointed President and CEO, and a director. Mr. Moore has spent most of his 30 year career with Teck Cominco Ltd. and its business units Cominco Ltd., Cominco Resources International, and Cominco American Incorporated. Most recently, from 1999 to 2001 he served as General Manager of Global Exploration and from 2001 to 2003 as General Manager of Exploration Business Development. In addition to the preceding, Mr. Moore held a number of directorships of subsidiary companies. Mr. Moore has a proven track record of discovery and experience in both base and precious metals, ranging from grass roots exploration to feasibility and project development. Mr. Moore holds a M.Sc. in Geology from the University of Toronto and a P.Geo. designation in the Province of British Columbia.

Mr. George Tikkanen, P.Eng., is also appointed as a director of the Company. Mr. Tikkanen is a senior exploration and mining executive who held a number of significant positions before retiring from Cominco Ltd. in 1999. Mr. Tikkanen held the position of Vice-President Exploration, Cominco Ltd. from 1992 to 1998 and President of Cominco Resources International Limited, a publicly listed company, from 1987 to 1995. In the course of his career, Mr. Tikkanen was responsible for the management of eight mining operations in five countries and oversaw the discovery and acquisition of numerous mineral deposits including direct participation in the negotiations leading to the development of the Red Dog Mine in Alaska.

Further changes include the appointments of Ms. Sharon Fleming as Corporate Secretary and Mr. Myron Osatenko P. Geo., as a senior geological consultant to the Company. Mr. Ian Brown, formerly President of Serengeti will remain as a director and has agreed to serve as Chief Financial Officer. Mr. Tim Gallagher has agreed to step down as a director. The Board of Directors wishes to thank Mr. Brown and Mr. Gallagher for their service to the Company.

The Company announces the awarding of the following incentive stock options issued in accordance with the Company's option plan: to Mr. Moore, 600,000; to Mr. Tikkanen, 200,000; to Ms. Fleming, 50,000; and to Mr. Osatenko, 50,000. These options are exercisable at a price of $0.10 per share, expire on July 7, 2009 and vest over an 18 month time period. As part of these changes Mr. Brown has agreed to the cancellation of 183,000 options previously awarded to him. With these grants, the Company now has 1,930,000 shares optioned under its stock option plan.

Proposed financing

The Company announces that it intends to raise up to $150,000 by way of a non-brokered private placement through the sale of units priced at $0.10 per unit. Each unit will consist of one common share and a full share purchase warrant which is exercisable to acquire one common share at the price of $0.15 within 12 months of closing and $0.25 within 24 months of closing. The proceeds will be allocated to general corporate purposes, including completing the acquisition of the mineral properties whose acquisition was disclosed on July 8, 2004. The private placement is subject to regulatory approval and the securities issued under this placement will be subject to a four month hold period.

Property review

The Company is also pleased to report the closing of and exchange approval for, an option agreement to acquire a 100% interest in five early-stage copper-gold-silver properties in British Columbia. These properties are more fully described in News Release #2004-05, dated July 7, 2004. Also as reported in News Release #2004-06, dated July 12, 2004, the summer exploration has been initiated on the Tide Gold Project located near Stewart ,British Columbia. This is in preparation for a drill program at Tide planned for September.

Summary

Incoming President David Moore stated, "The appointment of several senior explorationists to the Company's management team is taking place as the Company has expanded its property portfolio from one to six properties, and has a well-funded initial program under way at the Tide Gold Project. Management looks forward to the Company continuing to expand its scope and scale of operations, with the goal of developing an aggressive and successful exploration program. We anticipate the continued enthusiastic support of our shareholders and of the capital markets for our plans. I welcome this new challenge."