Serengeti Resources Inc report that it has received results from an Induced Polarization survey completed at the Croy Bloom project in northern British Columbia. The survey has identified a broad, 200 meter wide, IP chargeability anomaly associated with several narrow, exceptionally high grade copper and gold bearing massive sulfide veins at the Croy showing. In addition the Company has secured some adjacent highly prospective ground covering additional copper-gold showings.

Serengeti believes that the veins at the Croy showing and other high grade showings in the area potentially represent the surface expression of a concealed porphyry copper-gold system. The most significant of these veins has been identified over a 106 by 0.84 meter area and is reported to grade 10.5% Cu, 15.7 gram per tonne Au. Other important showings in the target area include the Soup and Saddle Gully showings located 1.6 kilometer to the west.

Historical drill intercepts at the Soup and Saddle Gully Zone are reported to include 22 meter grading 1.1 gram per tonne Au, 0.39% Cu hosted within a sub-horizontal, chlorite-magnetite horizon and 5 meter grading 12 gram per tonne Au within a silicified shear zone. Serengeti has acquired additional claims in this area through a purchase agreement with a local prospector securing this highly prospective target area.

The Croy Bloom property is located within the Quesnel Trough, 85 kilometers south of Northgate Minerals' formerly producing Kemess Mine. Past exploration completed by Serengeti and other operators has identified several large porphyry copper-gold targets within the 12,750 Ha property. In addition, prior drilling has partially defined a significant stockwork-molybdenum system in the Davie Creek area on the property with the best historic intercept grading 0.072% Mo over 203 meters.

The source of significant copper and gold mineralization at the Croy, Soup and Saddle Gully showings is thought to be a buried porphyry copper gold system. These showings outline a target area approximately 1.6 kilometres by 0.8 kilometres in extent. Serengeti plans to follow up this attractive copper gold target with a series diamond drill holes in the following season.