SearchGold Resources Inc. Announces 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)(FRANKFURT:S1O) is pleased to announce a non-brokered private
placement (the "Offering") of up to $250,000, comprised of units (each a "Unit"
and together, the "Units") at a subscription price of $0.05 per Unit. Each Unit
shall be 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 $0.05 for the first 12
month term of the Warrant following the Closing Date and at $0.10 for the
remaining 12 month term of the Warrant. 


The closing of the Offering remains subject to the completion of formal
documentation and receipt of regulatory approval, including the approval of the
TSX Venture Exchange. 


The Company plans to use the proceeds of the Offering towards the Corporation's
work program on the Company's Mandiana project which is located in eastern
Guinea, West Africa or 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.