SearchGold Resources Inc.

SearchGold Resources Inc.

December 20, 2006 09:15 ET

SearchGold Ready to Drill Mandiana, Updates Ongoing Drill Campaigns

MONTREAL, QUEBEC--(CCNMatthews - Dec. 20, 2006) - SearchGold Resources Inc. (TSX VENTURE:RSG) (FSE:S1O) today announced the drill rig contracted for the Mandiana property is now mobilized and that a second drill rig on Bakoudou is now on site and drilling Zone A.

Drilling on Mandiana

The program experienced a little delay in getting under way as the low level of water in the Sankarani River did not allow the drill to be barged across. SearchGold has however arranged with West African Drilling Services to have another drill rig sent directly from Mali. The latest update with the field crew indicates that the drill was scheduled to arrive on site for December 19th 2006. The program itself has not been modified and a minimum of 3,000 m is expected to be drilled over the next three weeks.

The N'Diambaye sector, SearchGold's most advanced target, has never been drilled in the past and the general north-south trend of the mineralization appears sub-parallel to reported trends on Glencar's property where a drill intersection of 55.19 g/t Au over 20 m was returned from sheared silicified metasediments hosted by a structure with plurikilometric potential approximately 40 km north of Mandiana.

Drilling on Bakoudou

The campaign has started and consists in core drilling targeting the eastern part and immediate northern extension of Zone A. A total of three core holes have been completed to date. The second drill has now arrived on site and is operational. It is a versatile drill rig capable of executing core or destructive drilling. This second drill is presently being used for core drilling on the eastern part and immediate northern extension of Zone A.

Drilling on Belleterre

The diamond drilling program is now well under way. Philippe Giaro, President and CEO, who executed a property visit on December 4th 2006 stated "Thirteen holes have now been completed to date and the high potential gold bearing corridor hosting Veins # 1 and 3 is being systematically evaluated. Samples are being shipped to Val d'Or as soon as ready to minimize turn around time on assay results. This is however one of the busiest time of the year and given the intense level of exploration in the camp, assays could take a little longer than expected."

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. SearchGold is aggressively pursuing the development of its gold projects with three drill programs to be initiated before the end of 2006.

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