Serengeti Announces Grant of Stock Options

For further information, please contact:

Investor Relations: Paradox Public Relations Tel: 514-341-0408 Toll free (in North America) 1-866-460-0408

Email [email protected]

Serengeti Resources Inc. 520 – 800 West Pender St., Vancouver, BC V6C 2V6

Tel: 604-605-1300 Email: [email protected] Website: www.serengetiresources.com

NR: 2017-03

Serengeti Announces Grant of Stock Options

Vancouver, B.C., J anuary 30 , 2017: Serengeti Resources Inc. (SIR: TSX-V) reports that it has

granted a total of 1,925 ,000 stock options pursuant to its Stock Option Plan to directors, officers,

employees and consultants to acquire common shares of Serengeti, exercisable at a price of $0. 15 per

share.

1,775,000 of these options shall be exercisable for a period of five years from the date of grant and the

balance of 150,000 options shall be exercisable for a period of two years from the date of grant.

ON BEHALF OF THE BOARD

David W. Moore, P. Geo., President, CEO and Director

About Serengeti Resources Inc.

Serengeti is a mineral exploration company managed by an experienced team of profess ionals with a solid track

record of exploration success. The Company is currently advancing its Kwanika copper -gold project in partnership

with Daewoo Minerals Canada and exploring its extensive portfolio of properties in the highly prospective Quesnel

Trough of British Columbia. A number of these other projects are available for option -joint venture and a dditional

information can be found on the Company’s website at www.serengetiresources.com.

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

release.