SearchGold Resources Inc. (TSX VENTURE:RSG)(FRANKFURT:S1O) is pleased to
announce the closing of a non-brokered financing for an amount of $500,000. The
Corporation will issue 500 units, each unit including 10,000 common shares of
the Corporation at a price of $0.10 per share and 10,000 common share purchase
warrants of the Corporation. Each Warrant entitles its holder to purchase one
common share of the Corporation at the purchase price of $0.15 per common share
at any time before July 11, 2009. These new shares are subject to a 4-month
minimum hold period. 2 officers participated to this financing.


In connection with this financing, a 9 % cash finder's fee will be paid out to
the following participants. The Corporation will also grant the following
participants, finder's warrants to acquire the number of units equal to 10 % of
the units subscribed for by the participant's investors. Each finder's warrant
shall be exercisable into 1 unit at a price of $0.10 per unit valid until July
11, 2009.




----------------------------------------------------
Participants                  Finder's Fee  Finder's
                                            Warrants
----------------------------------------------------
Lightyear Capital Inc.         $13,500.00    150,000
----------------------------------------------------
Jennings Capital Inc.          $10,620.00    118,000
----------------------------------------------------
Wolverton Securities Ltd.       $9 450.00    105,000
----------------------------------------------------
Loeb Aron & Company Ltd. (UK)   $2,250.00     25,000
----------------------------------------------------
Brant Securities Ltd.           $1,800.00     20,000
----------------------------------------------------
Research Capital Corporation    $1 350.00     15,000
----------------------------------------------------
Union Securities Ltd.             $900.00     10,000
----------------------------------------------------



This financing is subject to the approval of the TSX Venture Exchange.

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 (GSH-TSXV), a dynamic junior exploration company focused on
gold exploration in Canada.


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