SearchGold Resources Inc.

SearchGold Resources Inc.

March 28, 2007 09:15 ET

SearchGold Develops the Moyabi Gold Anomaly on Magnima in Gabon

MONTREAL, QUEBEC--(CCNMatthews - March 28, 2007) - SearchGold Resources Inc. (TSX VENTURE:RSG)(FRANKFURT:S1O) today reported the latest developments regarding the Moyabi gold anomaly on its Bakoudou-Magnima Gold Project in Gabon, Africa.

The Moyabi gold anomaly shows an approximate strike extension of 3 km and is located 10 km north-east of Zone A (see attached figure or visit : Associated with a north-north-west trending structural corridor, this anomaly is similar to that of Bakoudou's gold corridor (see press release dated October 25th 2006).

A total of 31.36 km of line cutting has been executed on the Moyabi anomaly at a line spacing of 200 m. A soil geochemical survey for gold was then initiated at a spacing of 25 m x 200 m in the strongly anomalous sectors and of 50 m x 200 m in the moderately anomalous sectors. A total of 547 samples has been collected to date. A geomorphological map is being executed in parallel to the sampling.

Phase 4 of the regional stream geochemical survey has been initiated in parallel with the realization of the detailed work on Moyabi. It targets the southern part of the Moyabi anomaly with the objective to define its eventual extensions.

A lineament study has highlighted the presence of structural features similar to the ones observed on Bakoudou's Zone A and the objective of this program on the Moyabi anomaly is to identify satellite ore bodies to Bakoudou.

Philippe Giaro, President and CEO, stated "This work is essential for the sustainable development of the project. With the help of our geological model at the regional level, we have demonstrated the existence of significant new gold zones within a 10 km radius of Bakoudou's Zone A. Positive results on these new targets could generate resources which would be easy to optimize in the eventuality that a first treatment plant would be constructed to exploit Zone A."

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 km2. 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.

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