Serengeti Resources Inc fka SIR

[NYBob]

Serengeti Drills Major Copper-Gold Intercept on Kwanika
Property 111 metres of 0.69% copper and 0.54 g/t gold
NR: SIR 2007-1
Vancouver, B.C., January 9, 2007 . . .

Serengeti Resources Inc.
(TSX-V: SIR) is pleased to report that assay results of hole K-06-9, from the recently completed second phase of drilling on its 100% owned Kwanika property confirm the discovery of a potentially major new copper-gold mineralized zone.
Kwanika is situated in the prolific Quesnel Trough, between the operating Kemess Mine and Mt. Milligan development project
and is accessible by road from Ft. St. James, B.C.

Hole K-06-9, which was drilled vertically, intersected a
sulphide zone averaging 0.69 % copper and 0.54 g/t gold
over 111.13 metres including a high grade zone located
near its base averaging 1.49% copper
and 1.90 g/t gold over 22.15 metres.

An overlying, 34 metre thick native copper bearing
oxidized zone was intersected above the sulphide zone.

Full results from the hole are presented in the table below. K-06-9 was drilled near the center of a large induced polarization (IP) geophysical anomaly which potentially
indicates a large sulphide system measuring 2500 metres
long by 300 to 700 metres wide.
A plan map of the drill holes at Kwanika can be found
on Serengeti's website at
http://www.serengetiresources.com

"This is a significant result and represents one of the best holes drilled on a greenfields porphyry copper-gold discovery
in British Columbia in a long time," stated President and
CEO David Moore.
"The grade of this hole compares very favourably with
the Kemess Mine (0.21% copper, 0.65 g/t gold) and
Mt Milligan (0.25% copper, 0.6g/t gold).
The potential size of the system is large and equally exciting
is the fact that the best grades appear to be interrupted
near the bottom of the hole by several more recent
crosscutting dykes, which strongly suggests that the
mineralized system may extend to greater depth,"
explained Moore.
"We are currently planning a large follow-up drill program
which will take advantage of the fact that Kwanika is a road-accessible, year-round project".

Zone From (m) To (m) Interval (m) Cu % Au g/t Ag g/t
Oxide 73.10 107.15 34.05 0.18 0.09 0.6
Sulphide 112.62 223.75 111.13 0.69 0.54 2.3
including
Sulphide 112.62 172.0 59.38 0.58 0.24 2.1
and
Dyke 172.0 183.85 11.85 trace trace trace
and
Sulphide 183.85 206.0 22.15 1.49 1.90 4.6
and
Sulphide 206.0 209.35 3.35 0.56 0.28 1.9
and
Dyke 209.35 217.15 7.80 0.02 trace 0.1
and
Sulphide 217.15 223.75 6.60 1.02 0.34 3.4
Dyke 223.75 230.74 6.99 trace 0.09 trace
(EOH)*
* End of Hole


K-06-9 is the southernmost of five holes drilled in November within the central part of the large IP chargeability anomaly described above (See News Release dated December 8, 2006).
Three of these holes plus an earlier hole (K-06-4) were drilled on a fence 250 metres north of K-06-9 and a fourth hole was drilled a further 250 metres to the north, near the eastern
edge of the IP anomaly.
Altered and variably mineralized rocks were encountered in all five holes from the current program, with K-06-9 yielding the strongest visible signs of copper mineralization to date.
The current interpretation by company geologists is that these northern holes may have been drilled either to too shallow a depth or peripheral to the mineralized intrusive(s).
The target remains completely untested by diamond drilling
south of K-06-9. The remaining holes from the current program have been submitted for analysis and the balance of
the results will be provided when available.

Analytical results from the current program were completed at Global Discovery Labs in Vancouver, BC.
A comprehensive quality assurance/quality control program including duplicate samples, blanks and standards formed
part of the sampling protocol in addition to the laboratory's
own quality assurance program.
The field program was supervised by Markus Vanwermeskerken, P. Geo., who is an independent qualified person under the
definition of National Instrument 43-101.
The technical information in this news release has been
prepared in accordance with Canadian regulatory requirements
as 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 managed by
an experienced team of professionals with a solid track
record of exploration success.
The Company is focused on the discovery and development of copper-gold and molybdenum deposits in British Columbia, especially in the highly prospective Quesnel Trough where
it owns a 100% interest in 76,982 hectares in 14 separate
claim blocks.
Additional information can be found
on Serengeti's website at
www.serengetiresources.com .


For further information, please contact:
David W. Moore,
President and CEO,
Serengeti Resources Inc.,
ph. 604-605-1300
Email: [e-mail]
Website: www.serengetiresources.com
Investor Relations:
Almira Bardai,
ph. 604-731-7340
Email: [e-mail]

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

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