Serengeti Provides Exploration Update

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/06/11 -- Serengeti Resources Inc. (TSX VENTURE: SIR)(FRANKFURT: 34S) reports on board approval for a $3.3 million budget for 2011, the initiation of its summer exploration program in British Columbia and on the progress of exploration in Mexico.

--  Serengeti's board has approved a $3.3 million budget for 2011, including
    $1.2 million for exploration in British Columbia, $1 million for Mexico
    and $1.1 million G&A.

--  Field crews have been mobilized to the Kwanika property to initiate a
    4,000 sample, Ah geochemical program designed to identify additional
    drill targets on the property.

--  Drilling of the high quality Northeast Target, immediately adjacent to
    the Central copper-gold zone at Kwanika is scheduled to commence June
    21st. An initial 1,500 meter, four hole program is planned to test the
    Northeast target described in the Company's news release of February 7,
    2011 and now thought to potentially represent an offset portion of the
    Central Zone. A second, newly-identified IP geophysical target partially
    outlined by a survey conducted on the property in April of this year
    will also be drilled.

--  On the recently announced, Choo and Tchentlo option agreement with
    Phelps Dodge Corporation of Canada Limited (PDCC), a wholly owned,
    indirect subsidiary of Freeport-McMoRan Copper & Gold Inc., the initial
    payment has been received pursuant to the agreement, an exploration
    planning meeting has been held with PDCC and property due diligence is
    ongoing.

--  In Mexico, field crews have been active on four properties over the last
    few months, conducting geological mapping, rock, silt and mesquite
    geochemical sampling. To date 1,100 samples have been collected and
    partial results received. A 2,700 line kilometer airborne magnetic and
    radiometric survey has also recently been completed on five of
    Serengeti's properties in Chihuahua and Durango by the SGM, the Mexican
    government's airborne geophysical contracting division. Results when
    received will be synthesized for follow-up ground targeting and possibly
    drilling.

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 and has initiated exploration for gold-silver deposits in Mexico. Additional information on Serengeti's projects can be found on the Company's website at www.serengetiresources.com. Serengeti is well funded to advance its projects with a current working capital position of approximately $5.2 million, which includes $3.5million receivable from the B.C. government's METC program. Serengeti has 46.9 million shares issued and outstanding and 52.6 million shares on a fully diluted basis.

Cautionary Statement

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.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Contacts:

Paradox Public Relations

Investor Relations

514-341-0408 or toll free in North America: 1-866-460-0408
info@paradox-pr.ca


Serengeti Resources Inc.

604-605-1300
www.serengetiresources.com