SearchGold Resources Inc.

SearchGold Resources Inc.

September 17, 2008 09:20 ET

SearchGold Acquires Third Gold Permit in Burkina Faso; Controls Total of 636 Km2 in the Country

MONTREAL, QUEBEC--(Marketwire - Sept. 17, 2008) - SearchGold Resources Inc. (TSX VENTURE:RSG) (FRANKFURT:S1O) is pleased to announce the acquisition of a third exploration permit for gold in Burkina Faso in West Africa. With this new permit known as Zitenga II, SearchGold now controls 636 km2 in Burkina Faso, a country very prospective for gold characterized by the presence of birimian greenstone belts recognized for their auriferous potential.

SearchGold President and CEO Philippe Giaro stated, "This acquisition confirms SearchGold's intention to increase its presence in West Africa, through strengthening the development of exploration activities. The new property provides the Company with access to favourable rock sequences and will be developed in parallel with the advancement of the Bakoudou gold project in Gabon, a partnership between Managem and SearchGold."

Directly accessible by road, Zitenga II's surface area is 184 km2, located approximately 40 km northeast of Ouagadougou, Burkina Faso's capital (see attached figure 1: .

This third permit, obtained through direct application to the Ministry of Mines of Burkina Faso provides SearchGold 100% interest here; interests in the Dou and Taouremba properties are likewise 100%.

SearchGold's Zitenga II permit is located at the eastern extremity of a gold rich sequence host to the Kalsaka deposit, owned by Cluff Gold and with a NI 43-101 compliant proven and probable reserves of 0.3 Moz Au : 5.1 Mt @ 2.00 g/t Au; measured resources of 0.3 Moz Au : 6.2 Mt @ 1.70 g/t Au; indicated resources of 0.3 Moz Au : 5.9 Mt @ 1.5 g/t Au (see attached figure 2: .

West Africa, and specifically Burkina Faso, is recognized for its gold potential. High River Gold Mines Ltd., for example, commenced production from the Taparko gold deposit in July 2007 (proven and probable reserves of 1.4 Moz Au: 15.4 Mt @ 2.90 g/t Au). Three more recently outlined gold deposits are Etruscan Resources Inc.'s Youga deposit; Semafo Inc.'s Mana deposit and Wega Mining Inc.'s Inata deposit. Furthermore, other historically renowned regions such as the Poura mine (previously government operated before closing in 1999), produced over 800,000 ounces of gold, confirming the country's potential.

A recent property visit to Zitenga II confirmed that the property straddles the volcanic-granite contact (see attached figure 3: . Several geochemistry stream samples have returned anomalous values and all potential structures will be systematically investigated.

Detailed geological maps of the Company's previously acquired Dou and Taouremba permits (see news release dated June 26, 2008) are shown in figure 4: .

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 through increased activity on the advanced projects, a new acquisition and the segmentation of its activities to unlock value for its shareholders. SearchGold's diamond assets were re-organized along with Mano River Resources Inc., to create an integrated diamond company called Stellar Diamonds Limited of which SearchGold holds 2.7 million shares. SearchGold's Canadian gold assets were also re-organized through the creation of Golden Share Mining Corporation (GSH-TSXV), a dynamic junior exploration company focused on gold exploration in Canada. In 2008, SearchGold has been advancing its gold projects primarily in Gabon and adding exploration assets in Burkina Faso. Shares of SearchGold Resources Inc. are listed for trading on the TSX Venture Exchange as "RSG"; and the Frankfurt Stock Exchange as "S1O".

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