RSG Searchgold Resources Inc.

SearchGold Resources Inc. (TSX VENTURE: RSG)(FRANKRUT: S1O) is pleased to announce that it has entered into an option agreement dated September 18, 2008, with Somika SARL ("Somika") to acquire 100% interest in the 400 km2 Arae-Gassel Gold Property ("Arae-Gassel") located in northern Burkina Faso, West Africa, See attached figure: http://media3.marketwire.com/docs/up1.pdf

The Arae-Gassel property is directly adjoining on its southern boundary Wega Mining's ("Wega") Belahouro property, host of the 1.4 million ounce Inata gold deposit (5.2 million tonnes @ 2.3 g/t Au for 378,480 ounces of Measured Resources and 19.8 million tonnes @ 1.6 g/t Au for 1,018,450 ounces of Indicated Resources). Mineralization at Inata is hosted in a northeast trending shear zone which extends onto SearchGold's Arae-Gassel property, where the Inata shear zone has been traced over a 2.5 km strike length in 1999 by previous operator Orezone Resources Inc.

On Arae-Gassel, the following historic reverse circulation drilling intercepts are reported :

- RCK99-20 : 10.72 g/t Au over 8 m from 48 to 56 m
- RCK99-86 : 5.20 g/t Au over 38 m from 26 to 64 m
- RCK99-58 : 2.51 g/t Au over 56 m from 42 to 98 m
- RCK99-05 : 2.20 g/t Au over 50 m from 0 to 50 m
- RCK99-41 : 1.87 g/t Au over 50 m from 0 to 50 m
- RCK99-04 : 1.49 g/t Au over 130 m from 0 to 130 m
- RCK99-45 : 1.03 g/t Au over 94 m from 0 to 94 m

No cut-off grade was reported for the calculation of the above intersections and even though exploration drilling attempts to intersect the mineralized structures at a high angle, the above intersections do not represent perfect true widths.

President and CEO Philippe Giaro, commented on the acquisition, "The option of the Arae-Gassel property from Somika represents a major step for SearchGold adding diversification into Burkina Faso as well as a substantial foothold in a region where four plus one-million ounce gold deposits have recently been put into commercial production. Compiling the historical drill data will be our first task towards modelling the mineralized zones recognized so far. Our objective is to first establish an internal resource estimate that will serve as the basis for further drilling. Furthermore, our due diligence visits have highlighted the very important potential of the property by confirming the existence of multiple zones of mineralization situated outside the main Inata trend with reported surface grades well above 10 g/t gold."

SearchGold can acquire a 100% interest in Arae-Gassel over one year by meeting the following conditions:

- Paying Somika a total of $US110,000 as follows: $US50,000 upon signature; $US30,000 six months after the date of signature; and $US30,000 twelve months after the date of signing;

- By issuing Somika a total of 800,000 SearchGold shares as follows: 200,000 shares upon signature and 600,000 shares on the first anniversary date; and

- By incurring a total of $US750,000 in exploration expenditures over the first year.

Following SearchGold's acquisition 100% interest, Somika will retain a 3% Net Smelter Return (the "NSR"). SearchGold will have the right to purchase up to half of the NSR held by Somika (or 1.5%) for $US500,000 per 0.5% NSR bracket, or for a total of $US1,500,000 for 1.5% of the NSR held by Somika.

Wega, a Norwegian mining company listed on the Oslo Axess, a venture exchange regulated by the Oslo Stock Exchange, obtained the Inata project by acquiring Goldbelt Resources Ltd. ("Goldbelt") through the purchase of its outstanding common shares at a price of CDN$1.55 in cash per share. Prior to the purchase, Goldbelt was a Canadian public company trading on the TSXV with 83 million issued and outstanding shares. Site construction at Inata began in January 2008 and project commissioning is scheduled for the end of 2008. It has been reported that the project is expected to produce 140,000 oz Au annually over the current project mine life of seven years.

West Africa, and specifically Burkina Faso, is recognized for its gold potential. High River Gold Mines Ltd., for example, commenced production from the Taparko gold deposit in July 2007 (proven and probable reserves of 1.4 Moz Au: 15.4 Mt @ 2.90 g/t Au). Three more recently outlined gold deposits are Etruscan Resources Inc.'s Youga deposit; Semafo Inc.'s Mana deposit and Wega Mining Inc.'s Inata deposit. Furthermore, other historically renowned regions such as the Poura mine (previously government operated before closing in 1999), produced over 800,000 ounces of gold, confirming the country's potential.

About SearchGold Resources Inc.

SearchGold Resources is a Canadian-based mining exploration and development company primarily focussed on 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. In 2008, SearchGold has been advancing its gold projects primarily in Gabon and adding exploration assets in Burkina Faso. Shares of SearchGold Resources Inc. are listed for trading on the TSX Venture Exchange as "RSG"; and the Frankfurt Stock Exchange as "S1O".

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Contacts: SearchGold Resources Inc. Philippe Giaro, President & CEO 32-473-52-30-29 phgiaro@skynet.be SearchGold Resources Inc. Denis Tremblay, Vice-President 514-866-4224 info@searchgold.ca www.searchgold.ca CHF Investor Relations Alison Tullis, Senior Account Manager 416-868-1079 x233 alison@chfir.com