Serengeti Receives POSCO Daewoo's Notification to Exercise its Option to fund $7 million to Advance Kwanika Copper-Gold Project

Serengeti Resources Inc.

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 26, 2017) - Serengeti Resources Inc. (TSX VENTURE:SIR)(FRANKFURT:34S) announces that Daewoo Minerals Canada Corporation ("DMC"), a Canadian subsidiary of POSCO Daewoo Corp., one of South Korea's leading trading corporations, has exercised its right to earn an additional 30% interest, bringing their total interest to 35% in the Kwanika Copper Gold project, subject to finalizing and executing the full Joint Venture Agreement for the project.