SearchGold Resources Inc. (TSX VENTURE:RSG)(FRANKFURT:S1O) is pleased to provide
an update on its Bakoudou-Magnima Gold Project located in Gabon, Africa.


Diamond drilling is on-going and in April 2008 the drill hole data base had been
upgraded to 319 BQ-NQ diameter core holes. The recent additional holes were
drilled near surface, between 0 and 50 m, and were aimed at providing a better
definition of Zone A to increase the proportion of measured resources in the
final resource calculation. Some of the highlights of this in-fill drilling
include:




- 4.16 g/t Au over 10.75 m from 8.25 m to 19.00 m in hole BAPG-30
- 4.46 g/t Au over 8.40 m from 30.30 m to 38.70 m in hole BAPG-33
- 4.77 g/t Au over 9.95 m from 39.50 m to 49.45 m in hole BAPG-36
- 6.66 g/t Au over 21.80 m from 7.60 m to 29.40 m in hole BAPG-41
- 7.87 g/t Au over 7.27 m from 22.63 m to 29.90 m in hole BAPG-42
- 3.44 g/t Au over 12.00 m from 38.00 m to 50.00 m in hole BAPG-43
- 13.68 g/t Au over 12.50 m from 40.50 m to 53.00 m in hole BAPG-53
- 3.24 g/t Au over 14.10 m from 35.90 m to 50.00 m in hole BAPG-122bis
- 3.36 g/t Au over 11.00 m from 29.25 m to 40.25 m in hole BAPG-140



Additionally, on going peripheral drilling was executed to identify mineralized
extensions, and notably down-dip extensions of Zone A. During this phase, two
important drill intersections were obtained on sections 100 S and 150 S:


- 7.70 g/t Au over 7.50 m from 152.00 m to 159.50 m

- 1.43 g/t Au over 20.10 m from 110.00 m to 130.10 m

These intersections are significant as they prove that the deposit remains open
at depth and demonstrate the continuity in width (20.10 m in the case of hole
BH-02) and grade (7.70 g/t Au in the case of hole BA08-C9). 


See attached figures: http://media3.marketwire.com/docs/Bakoudou100S.pdf and
http://media3.marketwire.com/docs/Bakoudoua150S.pdf


The complete results are presented below.

Section 150S

Hole BH-02, initially drilled for hydrogeological testing, intersected three
parallel zones about 75 m down dip from the last know intersection on section
150 S (Hole BA06-33).




---------------------------------------------------------------------------
                Drill hole                      Mineralization
---------------------------------------------------------------------------
number  depth   azimut      dip    section    from     to interval    grade
           (m)                                  (m)    (m)      (m) (g/t Au)
---------------------------------------------------------------------------

---------------------------------------------------------------------------
BH-02  180.00 vertical  90 degrees    150S  110.00 130.10    20.10     1.43
                                            139.10 145.20     6.10     0.59
                                            167.10 169.10     2.00     7.90
---------------------------------------------------------------------------



Section 100S

Hole BA08-C9, drilled to verify the down dip extension of Zone A, intersected
one rich zone approximately 90 m down dip from the last know intersection on
section 100 S (Hole BA06-22).




---------------------------------------------------------------------------
                Drill hole                      Mineralization
---------------------------------------------------------------------------
number   depth   azimut      dip    section    from     to interval   grade
            (m)                                  (m)    (m)      (m)(g/t Au)
---------------------------------------------------------------------------

---------------------------------------------------------------------------
BA08-C9 191.50      227       70       100S  152.00 159.50     7.50    7.70
                degrees  degrees       
---------------------------------------------------------------------------



Feasibility study

Work has progressed well since the last update of March 3rd 2008 and the study
is in the final stages of validation.


No cut-off grade was applied in the calculation of the above intersections as an
exact cut-off grade will be determined from final project statistical
evaluations. Moreover, even though the drilling is performed at high angle to
the mineralized structures, the above intersections do not represent perfect
true widths. Such true widths will be computed and integrated in the final
stages of the project modeling.


Individual samples weighting 3kg on average are taken from sawn half core at +/-
1 meter intervals in the mineralized zones with consideration of the geological
contacts. A rigorous QA/QC program involves the random inclusion of 10%
standards, duplicates and blanks at the sample collection and preparation stage.
The samples are flown to the ALS laboratory in Mali for analysis by fire assay
on 50g pulp samples. The sample preparation procedure involves the crushing of
the entire 3kg sample followed by quartering to obtain a representative 500g
sample which is entirely pulverized and out of which a 50g sample is isolated
for analysis by fire assay.


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 6 mines in Morocco and was also involved in the development of
two gold mines in West Africa.


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 (TSX VENTURE:GSH), a dynamic junior exploration company
focused on gold exploration in Canada.


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info@searchgold.ca
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