RSG Searchgold Resources Inc.

SearchGold Resources Inc. ("SearchGold") (TSX VENTURE:RSG)(FRANKFURT:S1O) is
pleased to provide a progress on Stellar Diamonds plc ("Stellar") and its
African diamond operations. 


With the recent commencement of drilling at the Company's Droujba kimberlite
pipe in Guinea and the ongoing bulk sampling at Tongo in Sierra Leone, Stellar
is delivering on its strategy of developing its portfolio of kimberlite diamond
projects.


Tongo Bulk Sampling Update, Sierra Leone

Highlights:



--  Tongo comprises four dykes each between 0.5km and 3km long in eastern
    Sierra Leone  
--  Previous mini-bulk sample of Dyke 1 returned 100 carats per hundred
    tonnes at $144 /carat 
--  Over 500 tonnes collected to date from first 60m section of Dyke 1 
--  Construction of processing facility nearing completion, first results
    expected in early 2011 



A bulk sample of approximately 500 tonnes has been collected to date from a 60m
section of the Tongo kimberlite Dyke 1, with drilling and blasting now being
employed under the supervision of an experienced and qualified underground
diamond miner. The kimberlite dyke varies in width from 50cm to over 100cm and
although the side walls are stable, support levels are being incorporated to
ensure a safe working environment. The objective of the bulk sampling programme
is to yield between 1,000 to 2,000 carats for grade and valuation purposes.


Karl Smithson, Stellar's Chief Executive Officer, commented:

"I am pleased to report that good progress is being made at the Tongo kimberlite
diamond project after some initial delays on importing the processing plant. The
construction of the processing facility is almost complete and we anticipate the
first results in early 2011. In the meantime we are stockpiling ore from Dyke 1
with the target of a total sample of approximately 1,500 tonnes that is
representative of the kimberlite. Our previous mini bulk sampling results of
Dyke 1 returned encouraging grades of 100 carats per hundred tonnes, with all
the diamonds being of gem quality and valued at $144 per carat in June 2010. The
same parcel was valued at up to $189 carat in late 2008."


Droujba Drilling Update, Guinea

Highlights:



--  20 hole (3,000m) diamond drilling programme has commenced at Droujba
    pipe 
--  Trial mining and drilling in 1960s to 20m depth with grades of up to
    200cpht reported 
--  Microdiamond analysis to be undertaken on selected kimberlite core 
--  Geophysical surveys suggest the Droujba pipe is potentially larger than
    previously thought 
--  Other unresolved geophysical anomalies to be drilled which may result in
    new kimberlite discoveries 
--  A 270-carat stone was reportedly discovered in alluvial gravels near
    Droujba 



The Droujba kimberlite pipe is located approximately 50km to the south east of
Stellar's Mandala mine. The pipe was discovered in the early 1960's by the
Russian Aid Mission, which mapped and drilled the pipe and determined it to be
approximately 120m x 80m in size, or 1 hectare. The Russians mined the
kimberlite down to a depth of 20m before the kimberlite became too hard to mine
and process with the technology utilised at that point in time. In 1964 the
Russian Aid Mission left Guinea and the pipe has remained undeveloped since.
Diamond grades as high as 200cpth are reported by the Russians, though there is
no information on diamond quality. However, a 270-carat stone is reported to
have been discovered in the alluvial gravels near to the pipe. A series of
ground magnetic, electro-magnetic and gravity surveys have previously been
undertaken by Stellar and West African Diamonds plc. These surveys indicate that
the size of the Droujba pipe could be twice as large as originally mapped by the
Russian explorers, with the potential for a "blind" extension to the south west
of the known pipe. Other geophysical anomalies suggestive of undiscovered
kimberlite pipes will also be drilled as part of this programme.


Karl Smithson, Stellar's Chief Executive Officer, commented:

"We are very pleased to commence the drilling programme on the Droujba pipe.
Over the next few months we will be defining the geological model of the pipe to
a depth of 150m and collecting representative samples for microdiamond analysis
by the Saskatchewan Research Council laboratory in Canada. The results of this
work will enable us to model and forecast the macrodiamond (commercial) grade of
the pipe which, if positive, will give us the incentive to undertake a
larger-scale bulk sample of the kimberlite pipe in order to more accurately
determine the diamond grade and value. In addition, we will also drill some
unresolved geophysical anomalies with the objective of discovering new
kimberlites in proximity to Droujba."


Photographs of on-going work by Stellar will be made available on SearchGold's
web site.


About Stellar Diamonds plc

Stellar Diamonds plc is a London (AIM: STEL) listed diamond mining and
exploration company that has a portfolio of projects in West Africa. Two
projects in Guinea, Mandala and Bomboko, are in mining and trial mining
respectively, which provide cash flow to the Company. Stellar also owns full
rights over four high-grade kimberlites that are to be the focus of future
development. In Sierra Leone at the Tongo project a bulk sampling programme is
currently underway on one key kimberlite to assess the diamond grade and value,
whereas at the Kono project underground trial mining has produced 4,200 carats
as part of an economic evaluation exercise. In Guinea Stellar's Droujba
kimberlite pipe and Bouro kimberlite dykes are located in proximity to Stellar's
Mandala project and demonstrate high diamond grades. Droujba will be drilled in
the near future. 


About SearchGold Resources Inc. 

SearchGold is a Canadian-based mining exploration company whose primary mission
is to target, explore and develop gold deposits in Africa. The Company is
currently involved in Burkina Faso, Gabon and Guinea; it has recently been
evaluating mining projects in new African jurisdictions, which are
geographically accretive with its current position. Through innovative corporate
transactions, SearchGold has been able to retain an interest in all the
important assets it has acquired and developed during its existence as a public
company and intends on leveraging its long established presence in Africa to
pursue its development. SearchGold holds two million shares of Stellar Diamonds
plc. Please see: www.stellar-diamonds.com.

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