SearchGold Resources Inc. ("SearchGold") (TSX VENTURE:RSG) (FRANKFURT:S1O) is
pleased to announce the results of its recent RC drilling program realized in
partnership with Swala Resources plc ("Swala") on the Arae-Gassel Gold Property
("Arae-Gassel") located in northern Burkina Faso, West Africa.


A total of 48 RC holes with individual depths of 50 m and totalling 2,400 m were
drilled on the Kerboule South target. Kerboule South is situated on the northern
extension of the Inata-Kerboule shear zone which contains the main gold
mineralization of Inata gold deposit. This area is directly adjoining Avocet
Mining plc's licence hosting the Inata deposit(i). Significant intervals above
25 m in length include :




--  G09002 : 0.91 g/t Au over 28 m from 22 m to 50 m , 
    
--  G09003 : 1.45 g/t Au over 50 m from 0 m to 50 m,  
    
--  G09004 : 1.69 g/t Au over 50 m from 0 m to 50 m,  
    
--  G09006 : 0.94 g/t Au over 35 m from 12 m to 47 m , 
    
--  G09007 : 1.30 g/t Au over 29 m from 3 m to 32 m,  
    
--  G09011 : 1.07 g/t Au over 46 m from 0 m to 46 m,  
    
--  G09016 : 1.01 g/t Au over 50 m from 0 m to 50 m,  
    
--  G09028 : 1.84 g/t Au over 25 m from 24 m to 49 m , 
    
--  G09032 : 1.15 g/t Au over 26 m from 24 m to 50 m , 
    
--  G09037 : 1.73 g/t Au over 46 m from 1 m to 47 m,  
    
--  G09038 : 1.29 g/t Au over 44 m from 6 m to 50 m,  
    
--  G09039 : 1.17 g/t Au over 50 m from 0 m to 50 m,  
    
--  G09040 : 1.19 g/t Au over 47 m from 3 m to 50 m.  
    



Additional important remarks include :



--  Drilling was performed at high angle to the mineralized structures but
    exact true widths are unknown, 

--  Eight of the aforementioned drill holes ended in mineralization, 

--  The grades are well distributed with one notable higher grade
    intersection of 7.94 g/t Au over 7 m from 29 m to 36 m in hole G9037, 

--  Numerous mineralized intervals in the 1 to 16 m range with grades
    generally in the 0.95 to 1.50 g/t Au have also been intersected (A09004,
    A09005, A09006, G09003, G09004, G09006, G09007, G09011, G09012, G09014,
    G09027, G09029, G09037, G09038, G09039), 

--  The drilling program covered the Kerboule South anomaly over a surface
    area of approximately 140 m by 140 m and holes were drilled on 20 m
    centres. This is the first drill program to be carried out since
    historical drilling work was executed by previous operators about 10
    years ago; it was aimed at validating previous data as well as provide
    tighter information for proper geological modelling. 



All results will now be complied into the project data base to plan the next
phase of development. Results from the RAB drilling on early-stage targets will
be released shortly.


The Arae-Gassel exploration program was supervised by Mr. Moussa Keita, Ph.D.,
P. Geo. and Vice-president Exploration of SearchGold. Moussa Keita is a "
Qualified Person " as defined in National Instrument 43-101.


Sample analysis / QA/QC

Reverse circulation drilling (RC) was used. Individual samples weighting 15-35
kg were taken from every 1 meter intervals during drilling. These samples are
split until two sub-samples of 2 kg each are obtained. One of these samples of 2
kg is sent to the laboratory for analysis. A rigorous QA/QC program involves the
random inclusion of standards and sampling of duplicates (sent to SGS
Ouagadougou, Burkina Faso) at the sample collection stage. The samples are
shipped to the Abilab laboratory in Ougadougou, Burkina Faso, for analysis by
bottle roll cyanidation on 1kg pulp samples. The sample preparation and
analytical procedure involves pulverizing the entire 2kg sample followed by
quartering to obtain a representative 1kg sample which undergoes bottle roll
cyanidation for 24 hours. In cases where bottle roll cyanidation yields assays
greater than 0.5 g/t Au, a fire assay is executed on the pulp tailings and the
head grade recalculated. The blanks have been inserted randomly by the
laboratory during the analysis. 


(i) The Arae-Gassel property is directly adjoining on its southern boundary
Avocet 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). 


About SearchGold Resources Inc. (www.searchgold.ca)

SearchGold Resources is a Canadian-based mining company primarily focussed on
gold deposits in Africa with advanced gold projects in Gabon and Burkina Faso.
SearchGold and partner Swala Resources plc recently completed a 114-hole RAB /
RC drilling program, totaling 4,400 m on the Arae-Gassel property 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". 


Philippe Giaro, P. Geo., President and CEO of SearchGold Resources Inc. and
Qualified Person for SearchGold, has reviewed and approved the content of this
release.
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