SearchGold Resources Inc.

SearchGold Resources Inc.

October 12, 2005 10:29 ET

SearchGold Announces Fall Work Program and Provides Update on Quebec Gold Properties

MONTREAL, QUEBEC--(CCNMatthews - Oct. 12, 2005) - SearchGold Resources Inc. ("SearchGold") (TSX VENTURE:RSG) is pleased to announce that it will proceed with an extensive fall exploration program on its Quebec gold properties, Lac Fortune West and Lac Chevrier.

Lac Fortune West

This property is strategically located 25 km west of Rouyn Noranda, Quebec, Canada. It sits just 2 km south of the Francoeur Gold Mine and 15 km east of the former Kerr Addison Mine, which produced 10 million ounces of gold.

SearchGold's recent drilling program targeted two main gold mineralized zones and yielded the following results:

- The West Zone where grades of up to 11,89 g/t Au and lengths of up
to 2,30 m were intersected.

- The East Zone where Francoeur-style gold mineralization was
intersected. A mineralized interval of 2,33 g/t Au over 4,11 m was
returned from hole LF-04-19 within a broader halo of mineralization
yielding 1,21 g/t Au over 11,37 m.

A compilation of previous diamond drilling in the eastern part of the
property established the presence of a mineralized zone located just
south of the lake King of the North. This new zone, named "South King
zone", displays several specific features which have retained
SearchGold's attention, namely :

- Close spatial association of the gold mineralization with a felsic
intrusive body recognized over a 300 m strike length and open
towards the east.

- Proximity and similarity in geological context (lithologies and
alteration) with Francoeur orebody : mineralization hosted at an
andesite - gabbro lithological contact in close spatial association
with an altered felsic intrusive ; the South King zone is located
1,900 m south-east of the Francoeur # 3 orebody.

- Presence of high grade mineralization (14,36 g/t Au over 1,80 m in
hole LF-01-16) within a broader halo of lower grade auriferous
impregnation associated with the felsic intrusive (up to 1,21 g/t
Au over 11,37 m in hole LF-04-19).

A diamond drill program designed to fully evaluate the South King
zone is planned for the fall. This program will:

- Investigate the eastern extension of the South King Zone were
several unexplained IP anomalies remain to be tested.

- Verify the theory that structural traps located at the intersection
between north trending structures and the gold bearing horizon
might act as enrichment sites for gold mineralization.

Lac Chevrier

This property is located in the Belleterre area, 5 km west of the
Belleterre Mine, a former producer of 750,000 ounces of gold. A gold
bearing vein with gold values reaching 84,82 g/t Au is exposed at the
surface and a 2004 trenching program exposed a 20 m wide zone with
numerous quartz veins mineralized with sulfides.

A compilation of previous work suggests that the property is
strategically located as it straddles a major regional volcanic-
granite contact. This contact is oriented northwest on the property
and the work has so far identified two families of veins:

- Veins with an east-west orientation that yield the best grades (up
to 84,82 g/t Au).

- Veins with a northwesterly orientation that are well mineralized
with sulfides but that have so far only yielded anomalous gold
values (up to 0,17 g/t Au).

The property has only been the object of sporadic work and systematic
exploration work is planned for the fall to :

- Improve the understanding of the property's geology.

- Delineate the volcanic-granite contact and define its relationship
with the observed mineralization.

- Locate additional mineralized structures.

- Test the best targets with diamond drilling.

The fall program includes line cutting, geological mapping and
sampling, prospecting, ground geophysical surveys, and follow-up
diamond drilling.

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. SearchGold's project
strategy maximizes its experience and resources, and supports the
company's commitment to strengthen shareholder value.

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

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