SearchGold Resources Inc.

SearchGold Resources Inc.

June 07, 2007 09:25 ET

SearchGold Appoints SRK Consulting for Enginnering Mandate on Bakoudou-Magnima in Gabon

MONTREAL, QUEBEC--(Marketwire - June 7, 2007) - SearchGold Resources Inc. (TSX VENTURE:RSG) (FRANKFURT:S1O) is pleased to announce the appointment of SRK Consulting (Canada) Inc. ("SRK") for an engineering mandate on the Bakoudou-Magnima Gold Project located in Gabon, Africa.

SearchGold is presently developing Bakoudou-Magnima with Managem, a successful, established African-based mining company, and the operator of the project. This project covers 2,294 km2 of under explored Archean greenstone terrain and Zone A, SearchGold's first advanced target located on the Bakoudou permit, sits at the southern extremity of a 2.5 km northwest trending gold bearing corridor.

SRK will act as SearchGold's Consulting Engineer to monitor the progress of the feasibility study presently in progress on Zone A. A first site visit by SRK and SearchGold's management is planned for early June 2007 in Gabon and is to be followed by technical meetings in Morocco.

Bakoudou-Magnima is SearchGold's most advanced gold project and the one most likely to first reach the production stage. The feasibility study is progressing well and SRK will insure proper technical support of SearchGold's management for the monitoring of the upcoming standard development phases which are anticipated to include final feasibility study review, project financing, mine construction and exploitation start-up.

About SearchGold Resources Inc.

SearchGold Resources is a Canadian-based mining exploration company whose primary mission is to target, explore and develop gold and diamond deposits in Africa and in Canada. The expansion strategy executed in 2006 has set the stage for the Company's development in 2007 as this new year will see increased activity on the new blue-sky properties and the advanced projects as well as some potential acquisitions.

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