RSG Searchgold Resources Inc.

SearchGold Resources Inc. (TSX VENTURE:RSG)(FRANKFURT:S1O) ("SearchGold") is
pleased to announce it was granted two new mining titles for its
Bakoudou-Magnima Gold Project located in Gabon, Africa which is being developed
with Managem, SearchGold's majority partner on the project. The titles include
the anticipated exploitation permit as well as an exploration permit enlarging
the total land holdings.


A mining exploitation permit covering a surface area of 160 km2 was granted by
presidential decree to Ressources Golden Gram Gabon SARL ("REG"), Managem and
SearchGold's Gabonese subsidiary. This permit, named "Bakoudou", covers not only
Bakoudou's Zone A but also the Lekodo and Moyabi gold anomalies.


See attached figure: http://media3.marketwire.com/docs/Bakoudou.jpg

SearchGold recently announced a Measured and Indicated Resource of 230,000
ounces of gold including a Proven and Probable Reserve of 150,000 ounces of gold
on Bakoudou's Zone A. Moreover, on-going work is being executed with the
objective to develop additional gold zones within a 10 km radius from Bakoudou's
Zone A and notably in the Lekodo and Moyabi areas which are covered by the new
Bakoudou mining exploitation permit.


A mining exploration permit covering a surface area of 640 km2 was also granted
by presidential decree to REG. This permit, named "Lebombi", covers the north
extension of the northwest trending Bakoudou-Lekodo gold corridor identified
over a strike length of 6 km so far. See attached figure :
http://media3.marketwire.com/docs/Bakoudou.jpg


Philippe Giaro, President and CEO, stated, "the recent granting of these permits
marks an important project milestone, from a production and exploration
perspective. As we have always stated, the development objective for
Bakoudou-Magnima is to establish the potential of the property well beyond what
Zone A can deliver. The reserves and resources recently announced are a starting
point to develop the area. Managem and SearchGold view production on Zone A as
an opportunity to show the solidity of the project while exploration work on
surrounding targets is on-going to insure long-term feed for the mine."


SearchGold's executive team acknowledges the challenging times companies in the
junior resource sector are enduring. SearchGold share price has eroded while the
Company continues to create value with its core assets. In addition, SearchGold
owns shares in two corporations that will be monetized in due course :


- 2.1 million shares of Golden Share Mining Corporation ("Golden Share")

- 2.7 million shares of Stellar Diamonds Limited ("Stellar Diamonds")

By way of update, the start-up of drilling work in the Malartic mining camp by
Golden Share was announced in a press release dated August 20th 2008 while the
start up of diamond production by Stellar Diamonds was announced in a press
release dated June 25th 2008.


From an exploration point of view, it is necessary to expand SearchGold's
position in West Africa, thus developing a third area of activity in Burkina
Faso which strengthens its established position in Gabon (Booue-Mimongo
exploration project) and in Guinea (Mandiana exploration project). Two new
permits totalling a surface area of 452 km2 and located approximately 300 km
north of Ouagadougou have been obtained through direct application with the
Ministry of Mines of Burkina Faso and SearchGold holds a 100% interest in both
properties. Preliminary work has been initiated.


SearchGold's board of directors and management consist in highly motivated
professionals with a strong track record of discoveries, which, given the human
resources challenge faced by the mining industry, adds fundamental value to the
Company.


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 in 2006 had 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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