RSG Searchgold Resources Inc.

SearchGold Resources Inc. (TSX VENTURE:RSG)(FRANKFURT:S1O) is declaring a
dividend consisting in a maximum of 6,345,009 common shares of Golden Share
Mining Corporation.


Searchgold will distribute those common shares of Golden Share, subject to
adjustments, to the shareholders of Searchgold.  Each registered shareholder of
Searchgold on February 8, 2008 (the record date) will receive one common share
of Golden Share for approximately 20 common shares of Searchgold held.


On December 19, 2007, the TSX Venture Exchange conditionally approved the
listing of the common shares of Golden Share.


On December 28, 2007, Golden Share accepted subscription for a total of
$2,666,025 in payment of 2,091 Units A at a price of $1,015 per Unit A and 533
Units B at a price of $1,020 per Unit B, pursuant to a final prospectus dated
December 19, 2007.


Each Unit A offered at a price of $1,015 comprised 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 offered at a price of $1,020 comprised 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 common share at the price
of $0.35 for a period of 24 months.


The common shares of Golden Share began trading on the TSX Venture Exchange on
January 14, 2008 under the symbol "GSH".


The certificates representing the common shares of Golden Share that the
registered shareholders of Searchgold will be entitled to receive should be
mailed on or about February 15, 2008.  The shareholders of Searchgold can
contact their brokers with respect to their shares of Golden Share.


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

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