Day: May 8, 2012

Serengeti Resources Inc. is pleased to announce results from the first three holes of a recently completed 19 hole reverse circulation (RC) drill program at the Victoria project. Hole V-01 encountered a near surface oxide gold-silver zone grading 1.68 g/t Au and 4.8 g/t Ag over 7.5 metres, while both holes V-01 and V-02 encountered widespread polymetallic (gold-silver-zinc) mineralization, indicative of an epithermal sedimentary replacement deposit. Holes V-01 and V-02 were drilled along a northeast-southwest fence. The remaining 17 holes were drilled on step out fences to the north and south to test a 2.0 kilometre long target area. The balance of the results will be released as they become available.