SearchGold Resources Inc.
TSX VENTURE : RSG
FRANKFURT : S10

SearchGold Resources Inc.

November 15, 2007 10:00 ET

SearchGold Provides Drilling Update on Bakoudou, Gabon

MONTREAL, QUEBEC--(Marketwire - Nov. 15, 2007) - SearchGold Resources Inc. (TSX VENTURE:RSG)(FRANKFURT:S1O) is pleased to provide an update on its Bakoudou-Magnima Gold Project located in Gabon, Africa.

Exploration activities are on-going on Bakoudou as well as at the regional level on the Magnima greenstone belt and on the Moyabi gold anomaly. Work has however been most intense on the Bakoudou gold trend and Zone A as the partners are in the final stages of the resource calculation.

Highlights of the recent work include :

- Positive results on down dip extension of Zone A on section 200S,

- Identification of Zone A's extension on section 225S,

- Positive results from in-fill drilling on Zone A,

- Preliminary drilling results on the north part of the Bakoudou gold trend.

Down dip extension of Zone A on section 200S

Results have been obtained for holes BA-06-37 and 38 and demonstrate the down dip extension of the mineralization recognized in hole BA-06-36. Results are presented below.



--------------------------------------------------------------------------
Drill hole Mineralization
number depth azimuth dip section from to interval grade
(m) (m) (m) (m) (g/t
Au)
--------------------------------------------------------------------------
BA-06-37 233.50 137 75 150S 130.30 160.50 30.2 1.53
degrees degrees
--------------------------------------------------------------------------
BA-06-38 212.80 227 70 200S 151.60 176.00 24.4 1.54
degrees degrees
191.55 197.00 5.45 2.52
208.60 212.00 3.40 1.28
--------------------------------------------------------------------------


The main mineralized zone shows good continuity in its thickness and it is worth noting that hole BA-06-38 ended in mineralization. The results of hole BA-06-39 drilled on section 200S to further test the extension of the mineralization are pending.

South-east extension of Zone A on section 225S

Hole BA-06-41 was drilled at the level of hole BA-06-36, 25 m to the south-east, on section 225S. This hole intersected a mineralized zone which is so far visually reported over 13.90 m from 132.85 m to 146.75 m and consists in deformed quartz hosted in altered gneiss containing pyrite and chalcopyrite; one grain of visible gold has also been observed.

In-fill drilling on Zone A

Results have been obtained for additional in-fill holes executed between sections 125S and 175S; they are presented below.



--------------------------------------------------------------------------
Drill hole Mineralization
number depth azimuth dip section from to interval grade
(m) (m) (m) (m) (g/t
Au)
--------------------------------------------------------------------------
BA-06-25T 81.00 227 70 125S 30.50 56.00 25.50 2.73
degrees degrees
69.80 75.00 5.20 0.83
--------------------------------------------------------------------------
BA-06-32 114.50 227 70 150S 70.00 98.20 28.20 1.15
degrees degrees
110.50 111.50 1.00 1.52
--------------------------------------------------------------------------
BA-06-33 132.50 227 70 150S 96.80 106.40 9.60 1.23
degrees degrees
--------------------------------------------------------------------------
BA-06-31 98.00 47 70 175S 68.00 96.70 28.70 3.42
degrees degrees
--------------------------------------------------------------------------


These holes confirm the continuity of the mineralization within Zone A and will be integrated in the upcoming resource calculation.

Preliminary drilling results on the north part of the Bakoudou gold trend

Two sections of the Bakoudou gold trend have been investigated by drilling so far.

- 11 holes have been drilled at the northern extremity of the trend (BA07-C04 - BA07-C14),

- 4 holes have been drilled in the central part of the trend (BA07-C15 - BA07-C18).

Preliminary highlights of this drilling includes the following :



--------------------------------------------------------------------------
Drill hole Mineralization
number depth azimuth dip section from to interval grade
(m) (m) (m) (m) (g/t
Au)
--------------------------------------------------------------------------
BA07-C05 81.00 256 50 4400N 8.50 9.50 1.00 0.73
degrees degrees
22.88 24.00 1.12 0.51
31.00 32.28 1.28 0.82
--------------------------------------------------------------------------
BA07-C06 79.00 257 50 4400N 7.60 13.70 6.10 2.48
degrees degrees
--------------------------------------------------------------------------
BA07-C13 82.50 256 60 4500N 17.50 18.80 1.30 6.12
degrees degrees
--------------------------------------------------------------------------


Additional assays are pending.

Please refer to the attached two figures for the exact location of the drill holes: http://www.ccnmatthews.com/docs/North.JPG and http://www.ccnmatthews.com/docs/surfacemap.JPG

Philippe Giaro, President and CEO, stated "We are active on all fronts on the Bakoudou Project with the priority remaining the drilling on Zone A to finalize the resource calculation and take a production decision. Given the recently discovered southern extension on Zone A and the important number of new targets generated, a third drill is being shipped on the project and a fourth drill has been ordered for Gabon by the drilling contractor. We are very happy with all recent developments and remain more confident than ever in the project's bright future."

No cut-off grade was applied in the calculation of the above intersections as an exact cut-off grade will be determined from final project statistical evaluations. Moreover, even though the drilling is performed at high angle to the mineralized structures, the above intersections do not represent perfect true widths. Such true widths will be computed and integrated in the final stages of the project modeling.

Individual samples weighting 3kg on average are taken from sawn half core at +/- 1 meter intervals in the mineralized zones with consideration of the geological contacts. A rigorous QA/QC program involves the random inclusion of 10% standards, duplicates and blanks at the sample collection and preparation stage. The samples are flown to the ALS laboratory in Mali for analysis by fire assay on 50g pulp samples. The sample preparation procedure involves the crushing of the entire 3kg sample followed by quartering to obtain a representative 500g sample which is entirely pulverized and out of which a 50g sample is isolated for analysis by fire assay.

The program is being executed by Managem, and all drill core is logged and sampled under the supervision of Mr. Benyounes Maamar, P. Geol. Philippe Giaro, P.Geol., President and CEO of SearchGold Resources Inc. and Qualified Person for SearchGold, has reviewed and approved the content of this release.

In July 2005, SearchGold signed a strategic $4,200,000 joint venture agreement on the Bakoudou-Magnima Gold Project with Managem, a successful, established African-based mining company (www.managem-ona.com). Through its subsidiaries, Managem operates 6 mines in Morocco and was also involved in the development of two gold mines in West Africa.

In June 2007, SearchGold announced the appointment of SRK Consulting (Canada) Inc. ("SRK") for an engineering mandate concerning the assistance for the development of the on-going feasibility study on Zone A. A first site visit by SRK and SearchGold's management was executed in early June 2007 in Gabon and Morocco.

About SearchGold Resources Inc.

SearchGold Resources is a Canadian-based mining exploration company whose primary mission is to target, explore and develop gold deposits in Africa. 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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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