SearchGold Resources Inc. ("SearchGold") (TSX VENTURE:RSG)(FRANKFURT:S1O) is
pleased to provide an update on Swala Resources plc ("Swala") and its Burkina
Faso operations in West Africa. 


Swala completed a pre-IPO private placement of CAD 4,000,000 financing in late
2010. The funds were raised to advance Swala's various projects with a
significant emphasis on the exploration and development of the Arae-Gassel gold
project in Burkina Faso. Additionally, Swala is planning to list on the TSX
Venture Exchange market (TSXV) in 2011.


An important work program is planned for Arae-Gassel in Burkina Faso during Q1
2011. Highlights include :




--  A low-altitude airborne geophysical survey covering the Arae and Gassel-
    Manere Exploration Licences is planned to start in early January 2011,
    as soon as the survey permits are granted. The data and interpretation
    should be available by early February 2011. 

--  An extensive soil-sampling programme using hand-pitting and Auger/RAB
    drilling will be carried out over areas not previously sampled. The data
    and interpretation should be available by the end of February 2011. 

--  An agreement has been finalised with drilling contractors in Burkina
    Faso for a total of 15,000 metres of RAB drilling planned to start in
    early March 2011 following the compilation of geophysical survey and
    soil sampling data. The RAB drilling should be completed by early April
    2011. 

--  Four anomalous satellite areas have been identified for step-out RAB
    drilling in order to test the extent of the mineralisation. 

--  Additionally, 8,000 metres of RC drilling is planned for a preliminary
    resource delineation programme focused on the Kerboule-Yalema
    mineralised trend; this will follow the March 2011 RAB drilling
    programme. 



Gerard de la Vallee Poussin, Swala's CEO, stated "The Arae-Gassel Project is
directly adjoining to the north Avocet's 1.8 million ounce Inata gold deposit in
a highly prospective rock sequence and our initial results have been extremely
conclusive. We intend on developing the project very aggressively this year,
both on the exploration and resource definition fronts. With 21% of West
Africa's total greenstone belt exposure, Burkina Faso provides a world-class
geological environment for gold discoveries as demonstrated by the pace of
recent discoveries which are being announced every six months. We are delighted
to be part of this rapidly developing region and look forward to a very
promising future."


Swala's Arae-Gassel project is located directly to the north of Avocet Mining's
Belahouro property, host of the 1.8 million ounce Inata gold deposit (P+P
Mineral Reserves of 16.3 million tonnes @ 2.06 g/t Au for 1,081,500 ounces of
gold contained in M+I+I Mineral Resources of 34.2 million tonnes @ 1.67 g/t Au
for 1,837,900 ounces of gold). Gold production commenced at Inata in December
2009 and the project is expected to have produced over 120,000 ounces in 2010.
The gold mineralisation at Inata can be traced over a continuous 4 km strike
length and is associated with silicified volcaniclastic rocks, porphyries and
quartz veins that occur within a large shear zone. The 1,081,500 ounces of
proven and probable reserves will be mined from three principal pit areas: Inata
North, Central and South.


About Swala Resources plc

Swala Resources plc is a private African explorer with a focus on gold in
Burkina Faso and Zimbabwe. In Burkina Faso, Swala owns 100% of the Arae-Gassel
project. In Zimbabwe, Swala has a 50% joint venture interest in 15 gold claims
where a small production plant came on line in December 2010 and a controlling
interest in a 60/40 joint venture with other parties for the exploitation of
high-grade alluvial deposits covering in excess of 15,000 hectares. In addition,
the Company owns carried joint venture interests in exploration projects located
in Gabon and the Democratic Republic of the Congo. Swala's strategy for 2011 is
to grow its resource base on the Arae-Gassel project and provide NI 43-101
reporting with the objective to list the Company on the TSX Venture Exchange in
2011 while concomitantly increasing cash flow from its Zimbabwe gold producing
operations.


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 4.5 million shares of Swala Resources
plc. Please see: www.swalaresources.com for additional information. 


www.searchgold.ca
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