SearchGold Resources Inc.

SearchGold Resources Inc.

June 26, 2008 09:00 ET

SearchGold Acquires Two New Gold Permits for a Total of 452 Km2 in Burkina Faso

MONTREAL, QUEBEC--(Marketwire - June 26, 2008) - SearchGold Resources Inc. (TSX VENTURE:RSG)(FRANKFURT:S1O) is pleased to announce the acquisition of two news exploration permits for gold in Burkina Faso in West Africa.

The two new permits, Dou and Taouremba, have respective surface areas of 241 km2 and 211 km2 for a total of 452 km2. They are located in the Sanmatenga and Seno provinces, approximately 300 km north of Ouagadougou, Burkina Faso's capital, and are directly accessible by road. See attached map:

These two permits have been obtained though direct application with the Ministry of Mines of Burkina Faso and SearchGold holds a 100% interest in both properties.

The geology of Burkina Faso, which is very prospective for gold, is characterized by the presence of birimian greenstone belts recognized for their auriferous potential. The realization of this potential, specifically in Burkina Faso, was materialized by the commencement of production on High River Gold Mines Ltd's Taparko gold deposit in July 2007 (proven and probable reserves of 1.4 Moz Au: 15.4 Mt a 2.90 g/t Au).

Three additional recently outlined gold deposits include :

- Etruscan Resources Inc.'s Youga deposit (proven and probable reserves of 1.2 Moz Au : 13.3 Mt @ 2.74 g/t Au);

- Semafo Inc.'s Mana deposit (proven and probable reserves of 0.9 Moz Au : 9.8 Mt @ 2.93 g/t Au);

- Wega Mining Inc.'s Inata deposit (measured resources of 0.4 Moz Au : 5.2 Mt @ 2.30 g/t Au and indicated resources of 1.0 Moz Au : 19.8 Mt @ 1.60 g/t Au).

Moreover, historically renowned sectors, such as the Poura mine area which produced over 800,000 ounces of gold, confirm the country's potential.

SearchGold's two new permits are located on the regional structure transecting the permits of the Inata project and show a similar geological context highlighted by structural features such as faults and major shear zones. Moreover, these two new permits are located on a volcano sedimentary sliver between the Essakan deposit (probable reserves of 4.5 Moz Au : 46.4 Mt @ 1.78 g/t Au), Taparko and Kalsaka (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).

This acquisition confirms SearchGold's intention to increase its presence in West Africa and will strengthen the development of exploration activities in parallel with the advancement of the Bakoudou gold project in Gabon in partnership with Managem.

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.

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