RSG Searchgold Resources Inc.

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Searchgold Resources Inc. (TSX VENTURE:RSG)(FRANKFURT:S1O)

Golden Share Mining Corporation (TSX VENTURE:GSH) is pleased to announce that it
has completed its initial public offering by issuing 2,091 Units A and 533 Units
B at a price of $1,015 and $1,020 per Unit respectively, for total gross
proceeds of $2,666,025. Golden Share's common shares will begin trading on the
TSX Venture Exchange during the month of January 2008 under the symbol "GSH".


Each Unit A is comprised of 2,300 "flow-through" common shares at a price of
$0.35 per share and 700 common shares at a price of  $0.30 per share. Each Unit
B is comprised of 3,400 common shares at a price of $0.30 per share and 3,400
common share purchase warrants, each warrant entitling its holder to subscribe
for one additional common share at a price of $0.35 for a period of two years.


Canaccord Capital Corporation acted as the agent for the initial public
offering. At closing, Golden Share granted warrants to Canacccord Capital
Corporation, entitling it to acquire up to 808,520 additional common shares at a
price of $0.30 per share for a period of 18 months. A cash commission was also
paid to the agent for an amount of $266,602.50.


The net proceeds from the initial public offering of Units will be used by
Golden Share for exploration work on its Forsan and Malartic Lakeshore
properties, and for working capital and general corporate purposes. A
description of the recommended exploration program for the properties of Golden
Share is in its final prospectus. A copy of the final prospectus is available
under Golden Share's company profile on SEDAR at www.sedar.com.


Philippe Giaro, the President of Golden Share Mining Corporation, stated: "We
are extremely happy with the closing of our initial public offering. This level
of investor support reflects the quality of our properties and management team."


Following the closing of the initial public offering, there are 17,615,193
common shares of Golden Share issued and outstanding.


Golden Share's common shares have not been registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold within the
United States, or to, or for the account or benefit of, U.S. persons absent U.S.
registration or an applicable exemption from U.S. registration requirements.


About Searchgold Resources Inc.

Searchgold Resources is a Canadian-based mining exploration company whose
primary mission is to target, explore and develop gold deposits in Africa. The
expansion strategy executed in 2006 has set the stage for the Company's
development in 2007 through increased activity on the advanced projects, a new
acquisition and the segmentation of its activities to unlock value for its
shareholders. Searchgold's diamond assets were re-organized along with Mano
River Resources Inc., to create an integrated diamond company called Stellar
Diamonds Limited of which Searchgold holds 2.7 million shares. Searchgold's
Canadian gold assets are being reorganized through the creation of Golden Share
Mining Corporation who will focus on exploration principally for gold in Canada.
Searchgold intends to distribute a dividend to its shareholders as part of the
Golden Share transaction.

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