RSG Searchgold Resources Inc.

SearchGold Resources Inc. ("SearchGold")(TSX VENTURE:RSG)(FRANKFURT:S1O) is
pleased to provide an update on its West Africa, Burkina Faso activities. 


Arae-Gassel Project

Swala Resources Plc ("Swala") has announced that Xcalibur carried out a
high-resolution airborne geophysical survey over the property during January and
February 2011. A provisional data set has been made available and numerous
structures can be observed that will aid the identification of mineralised
zones. Data processing and interpretation will be completed during March 2011.


A geochemical sampling programme is currently underway to complete the areas not
previously covered by previous operator Orezone Gold Corporation ("Orezone").
The Orezone work proved very effective in identifying mineralized areas. The
property has been subdivided according to the regolith conditions, overburden
thickness and prioritised so that the most critical data is available prior to
the drilling programme.


A RAB drilling programme of 15,000 metres is scheduled to commence in mid April
2011 after a full analysis and interpretation of the airborne magnetic data and
sampling is concluded. Four anomalous areas have been identified from previous
mapping, sampling and drilling programmes. Additional data from the airborne
geophysical survey and the current soil geochemical sampling programmes will
also assist in defining mineralisation trends and new anomalous areas for
drilling. The drilling will be a combination of angled holes drilled across the
strike of the mineralisation and short vertical holes designed to sample the
saprolite layer at shallow depths.


Gueguere Project

Immediately after the signature of the joint venture agreement with Swala, an
airborne geophysical survey with the same specifications as those used at
Arae-Gassel was executed. Data processing is in progress and provisional results
are expected shortly. Limited previous exploration work has been undertaken on
the Gueguere property. However, some regional geochemical sample results are
available and a mapping programme is planned to complement the geophysical data.
Further geochemical and stream sampling will be carried out in identified target
areas.


A site visit by SRK Consulting (Canada) Inc. ("SRK") to both Arae-Gassel and
Gueguere was made in February and NI 43-101 technical reports will be executed
as part of the SRK mandate.


Recent Swala developments

Swala recently raised $4,100,000 at a price of C$0.35 per share in a private
placement that is now being closed. In addition, Swala has advanced its listing
process with the identification of a suitable TSX Venture listed shell and Swala
is hopeful to finalize a listing transaction in the summer of 2011.


About Swala Resources plc

Swala Resources plc is a private African explorer with a focus on gold in
Burkina Faso and Zimbabwe. In Burkina Faso, Swala owns 100% of the Arae-Gassel
project directly adjoining to the north Avocet's 1.8 million ounce Inata gold
deposit. In Zimbabwe, Swala has a 50% joint venture interest in 15 gold claims
where a small production plant came on line in February 2011 and a controlling
interest in a 60/40 joint venture with other parties for the exploitation of
high-grade alluvial deposits covering in excess of 15,000 hectares. In addition,
the Company owns carried joint venture interests in exploration projects located
in Gabon and the Democratic Republic of the Congo. Swala's strategy for 2011 is
to grow its resource base on the Arae-Gassel project and provide NI 43-101
reporting with the objective to list the Company on the TSX Venture Exchange in
2011 while concomitantly increasing cash flow from its Zimbabwe gold producing
operations.


About SearchGold Resources Inc. 

SearchGold is a Canadian-based mining exploration company whose primary mission
is to target, explore and develop gold deposits in Africa. The Company is
currently involved in Burkina Faso, Gabon and Guinea. Through innovative
corporate transactions, SearchGold has been able to retain an interest in all
the important assets it has acquired and developed during its existence as a
public company. SearchGold vended the remaining interest in the Arae-Gassel
project in exchange for 4.5 million shares of Swala Resources plc or 10% of the
Company at the time of the Transaction (see press release dated July 6th 2010).
Additionally, SearchGold recently signed a joint venture agreement with Swala
for the development of the Gueguere project (see press release dated February
1st 2011). Please see: www.swalaresources.com for additional information. 


FOR FURTHER INFORMATION PLEASE VISIT http://www.searchgold.ca.

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