TSX.

V : SIR

January 2017

Corporate Presentation
Serengeti Resources Inc. (TSX-V: SIR) is a Canadian junior mineral
exploration company focused on development of its Kwanika Copper-Gold
project and exploration for Au-Cu porphyry deposits in the Quesnel
Trough and Stikine Arch of British Columbia.

www.serengetiresources.com | TSX.V: SIR 2

 Forward Looking Statement
THIS MANAGEMENT PRESENTATION (THE "PRESENTATION") WAS PREPARED AS A SUMMARY OVERVIEW ONLY OF THE CURRENT AFFAIRS OF SERENGETI
RESOURCES INC.(SERENGETI" OR THE "COMPANY") AND WAS NOT PREPARED FOR THE PURPOSE OF ASSISTING PROSPECTIVE INVESTORS IN MAKING A
DECISION TO INVEST IN SERENGETI. SERENGETI DOES NOT MAKE ANY REPRESENTATION AS TO THE COMPLETENESS, TRUTH OR ACCURACY OF THE
INFORMATION CONTAINED IN THIS PRESENTATION. THE RECIPIENT IS CAUTIONED, THEREFORE, THAT IT IS INAPPROPRIATE TO USE THIS PRESENTATION,
OR ANY PORTION THEREOF, TO ASSIST IN MAKING A DECISION TO INVEST IN FORMATION..

CONFIDENTIALITY
This Presentation is confidential and the contents are not to be reproduced or distributed to the public or the press. Securities legislation in all provinces and territories
prohibits such unauthorized distribution of information. Each recipient of the information contained in this Presentation will treat such information in a confidential manner and
will not, directly or indirectly, disclose or permit its affiliates or representatives to disclose such information to any other person or reproduce this Presentation in whole or in
part, without the prior written consent of Formation.

FORWARD-LOOKING INFORMATION - Update

This presentation 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 as well as a comprehensive list of risk factors are
disclosed in the Companys documents filed from time to time via SEDAR (www.sedar.com)with the Canadian regulatory agencies to whose policies we are bound. Forward-
looking statements are based on the estimates and opinions of management on the date the statements are made, and we do not undertake any obligation to update
forward-looking statements should conditions or our estimates change, other than as required by law and readers are further advised not to place undue reliance on forward-
looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-
looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove
to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on
forward-looking statements. The Company does not undertake to update any forward-looking statements that are contained herein, except in accordance with applicable
securities laws.

Quality Assurance/Quality Control

The technical information in this presentation has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101, and
reviewed by the Company's qualified person, David W. Moore, P. Geo., President and CEO of Serengeti Resources Inc.

www.serengetiresources.com | TSX.V: SIR 3

Serengeti Opportunity
~$10M Market Cap, Exploration team with track record of discovery, Multiple
projects having significant value addition potential in 2017

Kwanika Project PROVEN

Advanced stage exploration - deposit identified plus TEAM
exploration upside

Strategic Partner - Daewoo Minerals PROSPECTIVE PROLIFIC

PORTFOLIO DISTRICT
Bullish sentiment on Copper/Gold

Prospective Portfolio
UDS - near Kemess Mine, M&A activity in the area,
KWANIKA
high probability drill targets identified STRATEGIC Cu-Au
PARTNER
Milligan West - proximity to Mt. Milligan Mine PROJECT
high probability drill targets identified

www.serengetiresources.com | TSX.V: SIR 4

Serengeti Corporate Snapshot
Shares Outstanding 71.5 M
Warrants 13.9 M
Options 7.4 M
Fully Diluted (As of Jan 2017) 92.8 M
Management, Insiders & Founders ~21% ownership
Treasury* ~$1.2M
Average Trading Volume (90day) 136,000
Share Price (SIR.V Jan 2017) $0.14
Market Capitalization $ ~10.0 M

Management Board of Directors

David Moore, P.Geo., President, CEO & Director George Tikkanen, B.Eng.
Sheri Rempel, Chief Financial Officer Ian Brown, CA
Pam White, Corporate Secretary Lewis Lawrick, B.Comm.
Michael Thicke, P. Geo.

* Financial information above is from the Companys August 31st, 2016 Financial Statements and are expressed in Canadian Dollars.
To read the full financial statements, please visit the Companys website at www.serengetiresources.com

www.serengetiresources.com | TSX.V: SIR 5

Copper
Waterton Global Resource Fund
Raises US$725 million for gold & copper deals

Financial Post June 14th, 2016

BHPB - Real Spark for Cu Demand = Renewable Energy

Lots of Cu needed for wind & solar power

By 2040, electricity from renewable will double to 46%

BHPB estimates a 4 million ton deficit by 2023

Bloomberg May 26th, 2016

Copper Price
Sanford C. Berstein & Co.

The conclusion is unequivocal to us: The only way by which future

output can be secured is via an appreciation in the commodity
prices.

Globe & Mail June 29th, 2016

www.serengetiresources.com | TSX.V: SIR 6

Copper Price Break-out?

www.serengetiresources.com | TSX.V: SIR 7

Proven District
Resurgence in BC Cu-Au mine
development (e.g. New Afton, Mt.
Milligan, Red Chris)
Recent deep drilling identified
extensive high grade zones (>1%
CuEq) in a number of BC porphyry
systems (e.g. KSM, Red Chris,
New Afton)
Low risk, politically stable jurisdiction
Attractive tax & mining royalty regime
(e.g. 32-35% combined rate)
Up to 30% government refund on qualifying
exploration expenditures
Amongst lowest power costs in the world
Good infrastructure and favourable location
with respect to Pacific Rim markets

www.serengetiresources.com | TSX.V: SIR 8

Kwanika Opportunity
1. High-grade deposit

2. 2016 Resource update

Demonstrated increase of Cu, Au grade in Central Zone

Potential for further improvement in Au grade

3. Room to Grow

Central Zone remains open for expansion

Large deep geophysical target identified

4. Market Cap - $~10 Million

~ $20 Million put into the ground

Daewoo Minerals Canada (DMC) to spend up to $8.2 M to earn 35%

*Disclaimer: Mineral resources that are not mineral reserves do not have demonstrated economic viability

www.serengetiresources.com | TSX.V: SIR 9

 Daewoo (DMC) Joint Venture
DMC STAGED EARN-IN*

Year 1: Initial 5%, $1.2M ($400,000 WC, $800,000 project expenditure PAID)

Year 2 & 3: Additional 30%, $7M expenditure

PROPERTIES INCLUDED: Kwanika, Smoke-Kwanika East, Germansen, Valleau, Rottacker

OTHER TERMS:

SIR - operator plus 10% management fee (until 50% ownership)

SIR - 1% NSR if diluted below 50%, plus additional 0.5% NSR if diluted below 33.3%, subject to partial
buyback rights;

SIR retains METC(30%) credits on qualifying expenditures on first $8.2M

SIR maintains rights to enter into streaming transactions on all metals subject to DMC
having certain off-take rights

DMC has right to fund one additional property nominated by SIR, only if proceed to second option
* see NR16-03, April 6th, 2016 for full details

www.serengetiresources.com | TSX.V: SIR 10

 Kwanika Mineral Resource
Quantity Cut -off
Grade Contained Metal
(x1000 Cu Eq
Category Tonnes) (%) Cu Au Ag Cu Au Ag

(%) (g/t) (g/t) (000's lb) (000's oz) (000's oz)

Central Zone
Pit Constrained
Indicated 101,500 0.13 0.31 0.32 0.96 697,200 1,040 3,120
Inferred 31,900 0.13 0.17 0.14 0.59 118,500 140 610
Underground
Indicated 29,700 0.27 0.34 0.36 1.05 222,300 350 1,010
Inferred 7,900 0.27 0.23 0.17 0.68 39,800 40 170
South Zone
Inferred 33,300 0.13 0.26 0.08 1.64 191,400 80 1,760

* Pit constrained mineral resources are reported in relation to a conceptual Whittle pit shell and underground resources are reported within the area for potential underground
development. Mineral resources are not mineral reserves and do not have demonstrated economic viability. All figures are rounded to reflect the relative accuracy of the estimate.
All composites have been capped where appropriate.

** Pit constrained mineral resources are reported at a copper equivalent cut-off of 0.13% and underground resources are reported at 0.27%. The cut-offs are based on prices of
US$3.00 per pound of copper, US$1,300 per ounce of gold, US$20 per ounce of silver, US$9.00 per lb of molybdenum and assumed recoveries of 89% for copper, 70% for gold,
75% for silver, and 60% for molybdenum.

www.serengetiresources.com | TSX.V: SIR 11

2017 Kwanika Plans Moving Forward
PRELIMINARY ECONOMIC ASSESSMENT (PEA) Q1

uOutline substantial drill program to upgrade & expand resource

u Potential to increase Au grade

uPlans for testing deposit proximal targets

uPotential to discover new mineralized zones

uRecommendations to advance project

uPotential to advance to Pre-Feasibility Study

DAEWOO MINERALS CANADA DECISION

u Election of intent to earn an additional 30% ($7M)

uWithin 90 days of PEA completion

www.serengetiresources.com | TSX.V: SIR 12

Prospective Portfolio

Mt. Milligan Mine

Milligan West
Property
2016 IP Target
km
4
x.
pro Mount Milligan
Ap
Projected Pit Outline
2016 De
e p IP
Proper
ty Boun
dary

2016 Deep IP
Chargeability &
Resistivity High

UDS
u Near Kemess Mine, M&A activity in the
area, large high probability drill target
identified
N
Milligan West
u Proximity to Mt. Milligan Mine high
probability drill target identified

www.serengetiresources.com | TSX.V: SIR 13

Serengeti Opportunity
~$10M Market Cap, Exploration team with track record of discovery, Multiple
projects with significant value adding potential in 2017
Kwanika Project
Advanced stage exploration - deposit identified plus exploration upside

Strategic funding partner - Daewoo Minerals

Bullish sentiment on Copper/Gold

Prospective Portfolio
UDS - near Kemess Mine, M&A activity in the area, multi parameter drill targets identified

Milligan West - proximity to Mt. Milligan Mine - sizeable drill target identified

Moving Forward
filed Kwanika technical report - January

updating Kwanika economics (PEA) - Q1

Daewoo funding decision within 90 days of Kwanika PEA completion

UDS & Milligan West exploration programs - drill ready

www.serengetiresources.com | TSX.V: SIR 14

David W. Moore
Serengeti Resources Inc.

Suite 520, 800 West Pender St

Vancouver, BC, V6C 2V6
info@serengetiresources.com
(604) 605-1300
Experienced Discovery Team
A proven team with successful experience in prospect generation,
project development, company management, and corporate finance.
David W. Moore, P. Geo. President, CEO and Director
A key contributor to numerous mineral discoveries including;
Kwanika Cu-Au: co-awarded the AME BC 2010 Prospector of the Year Award
Sopokomil Zn-Pb-Ag, Indonesia
Cerattepe Cu-Au, Turkey
GP4F Kudz Ze Kayah Cu-Zn-Au-Ag, Yukon
Red Dog Zn-Pb, Alaska the worlds biggest zinc mine
Hackett River Cu-Zn-Ag, Nunavut
Teck Cominco 30 years

Michael Thicke, P. Geo Principal Consulting Geologist

Over 30 years of global exploration experience, expertise in porphyry copper
Key contributor to the Spence porphyry copper deposit discovery
Senior member of BHP Billitons Global Porphyry Exploration group
Bill Dennis PDAC Prospector of the Year award

Lewis Lawrick, B.Comm. Director

Managing Director of Thorsen-Fordyce Merchant Capital Inc a private Toronto-based merchant banking
company focused principally in the resource and raw materials sector.
Over 20 years experience as an Officer, Director, and principal investor in numerous junior exploration and
development companies (incl Volta Resources acquired by B2 Gold; Franconia Minerals- acquired by Duluth
Metals; Normabec Resources acquired by First Majestic Silver)
.
www.serengetiresources.com | TSX.V: SIR 16
District Strategy
25km strategy
Central milling
operation

Kwanika
Cu Au Mo

www.serengetiresources.com | TSX.V: SIR 17

2016 Kwanika Drill Results K-177
Kwanika Drill Program - Reported Analytical Results 2016
Gold Copper
Interval Copper Gold Silver Orientation
Hole From (m) To (m) Equiv. Equiv.
(m) % g/t g/t (dip/azimuth)
g/t %

160 598.4 438.4 0.71 0.83 2 2 1.25

Incl. 216.5 450 233.6 1.18 1.3 3.2 3.24 2.02

Incl. 270.5 274.1 3.6 19.04 6.52 36.7 37.61 23.47

K-177 -60 to 348
and 300 346.2 46.2 0.83 2.77 2.5 4.15 2.59

and 370.3 407 36.8 0.83 2.12 2.8 3.49 2.18

598.4 719 120.7 0.06 0.12 0.2 0.21 0.13

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2016 Kwanika Drill Results K-177

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2016 Kwanika Drill Results K-178 & K-179

Kwanika Drill Program - Reported Analytical Results 2016

Interval Gold Silver Gold Copper Orientation

Hole From (m) To (m) Copper %
(m) g/t g/t Equiv. g/t Equiv. % (dip/azimuth)

335.2 580.5 245.3 0.06 0.11 0.7 0.23 0.14

K-178 Incl. 372.0 388.6 16.6 0.17 0.12 2.2 0.44 0.28 -70 to 265

and 502.1 526.8 24.7 0.06 0.27 1.2 0.40 0.25

521.0 755.8 234.8 0.17 0.15 0.7 0.44 0.27

Incl. 639.6 651.0 11.4 0.58 0.41 1.6 1.37 0.85

K-179 -70 to 200
804.0 820.0 16.0 0.20 0.19 0.9 0.53 0.33

844.5 903.3 58.7 0.26 0.29 1.2 0.73 0.45

www.serengetiresources.com | TSX.V: SIR 20

2016 Kwanika Drill Results K-178 & K-179

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 Kwanika 2016 Drilling

Pyritic Shell in
Cover rocks Kwanika Central Zone

K-16-178
Pierce Point*

0.5 g/t Au
NW Deep Target Eq. Grade
Shell

Modeled IP Chargeability
*Hole drilled perpendicular to section line
Slice looking East (90)
Slice Azimuth: 257
500 m Plunge: 90

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Kwanika 2016 Drilling IP 3D Model

2016 Resource
Estimate Focus
Area

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 SRK 2016 vs RPA 2011 Resource Block Models

*Cu Eq calculation is based on prices of US$3.00 per pound of copper, US$1,300 per ounce of gold, US$20 per ounce of silver, US$9.00 per lb
of molybdenum and assumed recoveries of 89% for copper, 70% for gold, 75% for silver, and 60% for molybdenum.

www.serengetiresources.com | TSX.V: SIR 24

 Examples of Deep High Grade
Porphyry Root Systems
Deep Kerr/KSM Seabridge Gold Inc., Stikine, BC

Deep drilling below giant KSM Cu-

Au system has outlined a resource
> 1B tonnes

1.0 Bt Grading 0.53% Cu, 0.35 g/t

Au to depths > 2200m

Source: Seabridge Gold Inc.

www.serengetiresources.com | TSX.V: SIR 25

 Examples of Deep High Grade
Porphyry Root Systems
New Afton Mine, New Gold Inc., Kamloops, BC

A high grade keel

beneath past
producing Afton open
pit

Underground block
cave production
began in 2012

Mine expansion
underway, feasibility
of mining deep
extensions > 1200m
below surface is being
considered
Source: New Gold Inc.

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UDS 100% owned in Kemess Mine District

www.serengetiresources.com | TSX.V: SIR 27

UDS Target Location

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Milligan West Property IP Survey

50/50 joint
venture with
FEX.V

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Milligan West High Priority Targets

Mt. Milligan Mine

Milligan West
Property
2016 IP Target
km
4
x.
p ro Mount Milligan
Ap
Projected Pit Outline
2016 De
e p IP
Proper
ty Boun
dary

2016 Deep IP
Chargeability &
Resistivity High

www.serengetiresources.com | TSX.V: SIR 30

Jewel Property 100% Owned
Additional Priority sulphide target
Targets
Located 25 km NE of Kwanika
Cu-Au deposit
Airborne survey identified deposit
Original VTEM / scale cluster of strong, discrete
Mag Target
magnetic highs one with single
line coincident VTEM anomaly
Target represents a possible
skarn-porphyry system or VMS
target
Possible Intrusive Results pending from ground
geophysical / geochemical
Additional Targets program completed fall 2016

www.serengetiresources.com | TSX.V: SIR 31