RSG Searchgold Resources Inc.

SearchGold Resources Inc. ("SearchGold") (TSX VENTURE:RSG)(FRANKFURT:S1O) is
pleased to announce that it has entered into an joint venture agreement
("Agreement") dated April 22nd 2009, with Swala Resources PLC ("Swala") on the
Arae-Gassel Gold Property ("Arae-Gassel") located in northern Burkina Faso, West
Africa.


The Arae-Gassel property is directly adjoining on its southern boundary Wega
Mining's 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 the Arae-Gassel property, where the Kerboule-Yalema shear zone has
been traced over a 5 km strike length in 1999 by previous operator Orezone
Resources Inc.


The objective of this Agreement is to concomitantly develop the small scale
mining potential of the property while insuring the execution of a proper
exploration program to evaluate the potential for the identification of a larger
scale gold deposit.


Swala can acquire an interest of up to 65% in the Arae-Gassel property over five
years by meeting the following conditions:


- By paying SearchGold a total of US$ 300,000 in four installments:



  - US$ 150,000 upon signature
  - US$ 50,000 on the first anniversary date
  - US$ 50,000 on the second anniversary date
  - US$ 50,000 on the third anniversary date



- By executing a Phase 1 exploration program comprising notably 1,000 m of
drilling and the construction of a pilot plant with the objective to test the
metallurgical process and produce a first 1,000 ounces of gold. Once Phase 1 is
duly executed and the first 1,000 ounces of gold have been produced, Swala will
have acquired a 40% interest in the project. While Swala may take up to two
years from the date of signature of the Agreement for the execution of Phase 1,
Swala undertakes to execute the necessary balance of exploration expenditures to
comply with the SearchGold-Somika agreement (see press release dated October
22nd 2008) which foresees total development expenditures of US$ 750,000 on the
Arae-Gassel property prior to September 18th 2009.


- By executing a Phase 2 development program consisting in a small-scale
mechanised mining and treatment operation and by concomitantly undertaking a
Phase 2 exploration program with the objective to identify one or several gold
deposits totalling 800,000 to 1,200,000 ounces of gold in the measured and
indicated categories on the Arae-Gassel property. If warranted by the results of
Phase 2, Swala will execute a National Instrument 43-101 compliant
pre-feasibility study ("PFS") within three years of the date of signature of the
Agreement. Once the PFS is completed, Swala will have acquired an additional 11%
interest in the project for a total of 51%.


- Following the acquisition of a 51% interest, Swala may pursue the development
of the project by executing a National Instrument 43-101 compliant bankable
feasibility study ("BFS") within five years of the date of signature of the
Agreement. Once the BFS is completed, Swala will have acquired an additional 14%
interest in the project for a total of 65%.


In addition, upon its acquisition of a 40% interest, and provided that
SearchGold has not succeeded by that date in raising funds in the total amount
of C$500,000 since the signature of the Agreement, Swala will subscribe for
SearchGold common shares in the amount of C$150,000 at the market price. Swala
may substitute any third party to make such subscription.


Swala will be project operator and a technical committee will be established to
overview the development work to be executed on the property. This technical
committee shall be composed of two members appointed by Swala and two members
appointed by SearchGold. Swala will provide in-depth metallurgical know-how
adapted to small scale mining operations in Africa. Having acquired a strong
geological expertise for gold in West Africa, SearchGold will contribute to the
geological development of the property through an active participation at the
level of the project team conducting the work on the property.


Revenue achieved on any and all production from the pilot plant will be
allocated in priority to comply with all regulatory and administrative
obligations as well as to reimburse Swala fully of all pilot plant expenditures,
any advances by Swala to the Phase 2 development expenditures and potential
investments by Swala in SearchGold. The balance of the revenue shall be utilised
for annual distribution to SearchGold and Swala, to a maximum extent of 10% for
each Party (totalling 20%) of the net revenue after operating costs and funds
allocated to the Phase 2 exploration expenditures.


Swala is a private, British-based, mining company involved in the acquisition
and development of mining projects with a focus on gold and various metals in
Africa. It is managed by a team of well respected mining professionals combining
a long established association with major mining house Anglo-American and
experience in setting up, developing and listing resource-focused companies.


Philippe Giaro, President and CEO, stated "We are extremely pleased to be
working with Swala on this project. Our common approach is truly innovative in
that both fundamental aspects of mining and exploration will be tackled
simultaneously in a progressive fashion with the underlying principle that
development of the property should be financially self-sustainable. This
approach is especially appropriate given that venture capital market have
virtually dried up during the current crisis rendering access to exploration
capital more difficult as well as slowing project financing for the more
advanced projects. This agreement will truly speed up the development of the
Arae-Gassel property and fully unlock its geological potential.".


West Africa, and specifically Burkina Faso, is recognized for its gold
potential. High River Gold Mines Ltd. commenced production from the Taparko gold
deposit in July 2007 and 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, produced over 800,000 ounces of gold confirming the country's
potential.


About SearchGold Resources Inc.

SearchGold Resources is a Canadian-based mining company primarily focussed on
gold deposits in Africa. 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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