SearchGold Resources Inc.

SearchGold Resources Inc.

March 13, 2007 09:00 ET

SearchGold Confirms Grades Up to 36.94 g/t Au and Widths Up to 17 M with Delineation Drilling at Bakoudou in Gabon

MONTREAL, QUEBEC--(CCNMatthews - March 13, 2007) - SearchGold Resources Inc. (TSX VENTURE:RSG) (FRANKFURT:S1O) is pleased to provide an update on the drilling campaign presently in progress on its Bakoudou-Magnima Gold Project located in Gabon, Africa.

The observed mineralized intervals have been analyzed in priority and partial results have been received for 9 of the first 15 holes drilled by Managem on the extensions of Bakoudou's Zone A (press release dated February 26th 2007).

The highlights of this recent round of drilling include :

- 36.94 g/t Au over 1.65 m

- 15.82 g/t Au over 2.60 m

- 15.40 g/t Au over 2.95 m

- 8.77 g/t Au over 16.05 m

- 7.65 g/t Au over 12.10 m

- 3.35 g/t Au over 14.25 m

- 2.10 g/t Au over 17.00 m

- 1.74 g/t Au over 12.65 m

Philippe Giaro, President and CEO, stated "We are very pleased with these recent results as they confirm the widths and grades previously obtained while extending the area of known mineralization. Managem is progressing very well and as we keep advancing this key project in the right direction, we are building solid foundations for our Company which should provide sustainable growth for our shareholders."

A detailed table with the results of the recent drilling program on Zone A is presented below. Please refer to the attached figure or visit: for the exact location of the drill holes.

Hole # From To Interval Grade
(m) (m) (m) (g/t Au)
BA-06-01 41.30 51.00 9.70 2.62
76.85 92.90 16.05 8.77
including 78.90 79.30 0.40 105.70
BA-06-02 57.00 66.50 9.50 4.98
BA-06-03 31.75 44.40 12.65 1.74
55.50 56.50 1.00 4.68
76.00 85.85 9.85 3.10
BA-06-04 36.00 43.50 7.50 3.21
54.00 62.30 8.30 1.56
93.40 105.50 12.10 7.65
BA-06-05 61.90 64.50 2.60 15.82
97.50 98.50 1.00 8.26
BA-06-06 50.40 58.00 7.60 2.90
69.00 70.65 1.65 36.94
BA-06-07 30.00 44.25 14.25 3.35
55.25 58.00 2.75 2.94
67.00 70.00 3.00 1.77
74.25 77.20 2.95 15.40
BA-06-08 33.94 37.00 3.06 7.51
40.00 44.70 4.70 3.40
46.55 52.50 5.95 3.80
61.00 69.00 8.00 1.20
BA-06-12 40.00 57.00 17.00 2.10

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. 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 250g 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 ( Through its subsidiaries, Managem operates 6 mines in Morocco and was also involved in the development of two gold mines in West Africa.

The Bakoudou-Magnima Gold Project comprises the Magnima prospecting authorization with a 2,294 km2 surface area and the Bakoudou exploitation permit with a surface area of 24 km. Zone A, SearchGold's first advanced target located on the Bakoudou permit, sits at the southern extremity of a 2.5 km northwest trending gold bearing corridor.

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 three most advanced gold projects with drill programs initiated in November 2006.

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.

If you would like to receive press releases via e-mail please contact:

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

Contact Information