SearchGold Resources Inc.

SearchGold Resources Inc.

January 26, 2007 17:18 ET

SearchGold Increases Options Available Under Stock Option Plan

MONTREAL, QUEBEC--(CCNMatthews - Jan. 26, 2007) - SearchGold's (TSX VENTURE:RSG) board of directors approved a modification to the Company's Stock option plan that will increase the number of options available for grants to 11,000,000 or 9.5 % of the Company's outstanding shares. The previous plan permitted the grant of 8,500,000 stock options and the current outstanding number of stock options granted by the Company amounts to 8,175,000. No new options were granted during this meeting. This modification is subject to the approval of the TSX Venture Exchange.

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 Company is aggressively pursuing the development of its gold projects with three drill programs currently in progress (see press release dated December 20th 2006). In 2006, SearchGold implemented an expansion strategy targeting new high profile projects to maximize the exposure of its shareholders to new discoveries while providing risk protection through the continued development of its advanced projects.

This strategy will guide 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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Contact Information

  • SearchGold Resources Inc.
    Philippe Giaro, President & CEO
    SearchGold Resources
    Denis Tremblay, Vice-President
    CHF Investor Relations
    Cathy Hume, CEO
    416-868-1079 x231
    CHF Investor Relations
    Alison Tullis, Associate Account Manager
    416-868-1079 x233