SearchGold Resources Inc.
TSX VENTURE : RSG
FRANKFURT : S10

SearchGold Resources Inc.

January 11, 2007 09:10 ET

SearchGold's Warrants Exercised 100%

MONTREAL, QUEBEC--(CCNMatthews - Jan. 11, 2007) - SearchGold Resources Inc. (TSX VENTURE:RSG)(FSE:S1O) today announced the 100% exercise of warrants expiring January 9th 2007. The warrants were exercised throughout 2006 and $2.0 million was added to the balance of SearchGold's treasury principally in the third and fourth quarters of 2006. These funds are being partly utilized for the on-going drill programs.

SearchGold would like to thank all the shareholders who participated in the initial financing and for their continued support demonstrated through the exercise of these warrants.

As a result of these exercises, SearchGold now has 116,340,171 shares issued and outstanding, 129,065,171 shares on a fully-diluted basis, including 5,400,000 warrants and 7,325,000 options.

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.

If you would like to receive press releases via e-mail please contact: info@searchgold.ca

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

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