RSG Searchgold Resources Inc.

SearchGold Resources Inc. (TSX VENTURE:RSG)(FRANKFURT:S1O) today reported the
latest developments regarding the Lekodo gold anomaly on its Bakoudou-Magnima
Gold Project in Gabon, Africa.


The Lekodo gold anomaly was first defined by a regional stream geochemical
survey and is located 3 km south of Zone A. The soil geochemical survey
initiated on Lekodo earlier in 2007 has now been completed confirming the source
of the gold observed in the stream samples and providing a southern extension to
the mineralization already defined on Bakoudou where SearchGold and Managem are
finalizing a feasibility study on Zone A.


A total of 667 soil samples were collected and the results define a geochemical
soil gold anomaly with two principal mineralized areas still open to the
northwest and the southeast. This anomaly is defined at the +16 ppb Au level
with a peak at 101 ppb Au and is accessible by road (A map is available at the
following address: http://www.ccnmatthews.com/docs/SGold_map_0116.pdf). It will
be the object of further sampling to define its full extent and geometry.


The newly defined Lekodo anomaly is located south of Bakoudou and increases the
length of the auriferous trend by 3 km, the Bakoudou-Lekodo gold trend now
reaching a surface extension of 6 km.


Philippe Giaro, President and CEO, stated "We are especially pleased with these
geochemical soil results as they validate our initial theory that there should
be additional gold zones within a 10 km radius of Bakoudou's Zone A. After
Moyabi, Lekodo is the second stream geochemical target yielding positive results
with the follow-up soil survey. The proximity of this new anomaly to Zone A,
where a production decision is expected shortly, is strategic in that positive
follow-up work on Lekodo could generate resources which could readily be
optimized."


Procedure for Geochemistry Soil Sampling

Sampling was carried out at a 25 m interval on 100 m spaced lines. The quantity
taken was sufficient to obtain approximately 100 g of -125 micro m material
after drying and sieving. Each sample, weighting approximately 1.5 kg, is a
composite of three sub-samples: the first one taken directly from the line; the
remaining two were taken 10 m away, perpendicularly on each side of the line. A
geomorphological map is being assembled using the sampling results to indicate
the direction and intensity of the slope for each sampling point.


Analysis of the Samples

The samples were analyzed with an atomic absorption method at Abilab's
laboratory in Mali. The method involves dissolving the samples in aqua regia
followed by the determination of the dissolved gold content by atomic absorption
spectrophotometry following organic solvent extraction (DIBK). The analysis is
executed on 30 g aliquots and a 2 ppb detection limit is achieved. A rigorous
QA/QC program established by the laboratory involves the random inclusion of
standards, duplicates and blanks at the sample collection and preparation stage.


The program is being executed by Managem under the supervision of Mr. Benyounes
Maamar, P. Geol. Philippe Giaro, P.Geol., President and CEO of SearchGold
Resources Inc. and Qualified Person for SearchGold, has reviewed and approved
the content of this release.


In July 2005, SearchGold signed a strategic $4,200,000 joint venture agreement
on the Bakoudou-Magnima Gold Project with Managem, a successful, established
African-based mining company (www.managem-ona.com). Through its subsidiaries,
Managem operates six mines in Morocco and was also involved in the development
of two gold mines in West Africa.


In June 2007, SearchGold announced the appointment of SRK Consulting (Canada)
Inc. ("SRK") for an engineering mandate concerning assistance for the
development of the on-going feasibility study on Zone A. SRK's first site visit
with SearchGold's management was conducted in early June 2007 in Gabon and
Morocco.


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 were also re-organized 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.


If you would like to receive press releases via e-mail please contact:
info@searchgold.ca.

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