SearchGold Resources Inc. Announces Completion of Private Placement

NOT FOR DISTRIBUTION IN THE UNITED STATES OF AMERICA OR THROUGH U.S. WIRE SERVICES.

SearchGold Resources Inc. ("SearchGold" or the "Company") (TSX VENTURE:RSG) is
pleased to announce that it has closed a non-brokered private placement (the
"Offering") for gross proceeds of $215,000, comprised of units (each a "Unit"
and together, the "Units") at a subscription price of $0.05 per Unit. Each Unit
is comprised of one common share of the Company and one full common share
purchase warrant (each a "Warrant" and together, the "Warrants") exercisable for
a period of 24 months following the closing date of the Offering (the "Closing
Date"). The Warrants shall be exercisable at a price of $0.10. 


The closing of the Offering remains subject to the final approval of the TSX
Venture Exchange. 


The Company plans to use the proceeds of the Offering for general corporate
purposes. 


To learn more about SearchGold, please visit the Company's website at
www.searchgold.ca


About SearchGold Resources

SearchGold is a Canadian-based mining exploration company whose primary mission
is to target, explore and advance gold properties of merit. The Company
currently has mineral Interests in Burkina Faso, Gabon and Guinea.  


Except for statements of historical fact contained herein, the information in
this press release may constitute "forward-looking information" within the
meaning of Canadian securities law. Other than statements of historical fact,
all statements are "forward-looking statements", including statements concerning
the Offering and the Company's African projects, such factors and/or events
involve various known and unknown risk and uncertainties and other factors, such
as market conditions. There can be no assurance that such statements will prove
accurate. Results and future events could differ materially from those
anticipated in such statements. Readers of this press release are cautioned to
not place undue reliance on these "forward-looking statements". Except as
otherwise required by applicable securities statutes or regulation, SearchGold
expressly disclaims any intent or obligation to update public forward-looking
information, whether as a result of new information, future events or otherwise.


FOR FURTHER INFORMATION PLEASE CONTACT: 
SearchGold Resources Inc.
Stanley Robinson
President and Chief Executive Officer
647 344 4222
[e-mail]
www.searchgold.ca