RSG Searchgold Resources Inc.

THIS PRESS RELEASE IN NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE
SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.


SearchGold Resources Inc. ("SearchGold" or the "Company") (TSX
VENTURE:RSG)(FRANKFURT:S1O) is pleased to announce that it has enhanced the
depth of its board of directors and is entering into an agreement with Mr.
Stanley Robinson to assume the role of President and Chief Executive Officer.
The agreement is subject to TSX Venture Exchange approval.


"We are very excited about the addition of the new members to our team, and
believe that they can be of great assistance in revitalizing SearchGold and
adding to shareholder value in the coming months", said Philippe Giaro, who will
now assume the role of Chairman. Mr. Giaro also thanked the two outgoing
directors, Messrs. Jean Nannan and Florent Baril, for their contributions to the
company. 


"I am excited about my new role with SearchGold" said Mr. Robinson. "The company
has a core of good assets, but I believe can be better positioned corporately to
take advantage of its opportunities. In view of the current market conditions
and stock price, it is likely that we will be considering a share consolidation,
but, in order to ensure that all current shareholders are accorded appropriate
consideration in the newly structured company, the Board of Directors is
currently considering undertaking a financing through a shareholders' rights
offering immediately following the consolidation". 


The following are brief biographies of the incoming directors.

Stanley Robinson, M.Sc., P. Geo

President and CEO, Director

A Canadian geologist with over 30 years of experience in Africa and Canada,
including six years with International Gold and Ashanti Goldfields in Burkina
Faso and Ghana. Mr. Robinson served as a director and President of Lakota
Resources Inc. and managed the Company's exploration projects and joint ventures
in Tanzania. In Burkina Faso Mr. Robinson delineated a resource of 1.3 million
ounces of gold on the Youga project; Youga is now in commercial production. His
dominant technical expertise is in the management of gold and base metal
exploration projects from grassroots to pre-feasibility stage, geological
interpretations with an emphasis on structure and alteration, and in the
identification of projects with economic potential. His exploration experience
includes date base compilations and ore deposit interpretations used to
calculate ore resources for pre-feasibility studies. Mr. Robinson is registered
as P. Geo; Association of Professional Engineers and Geoscientists, Manitoba. He
is a Fellow of the Geological Association of Canada and a member of : the
Canadian Institute of Mining, Metallurgy and Petroleum; the Prospectors and
Developers Association of Canada; and the Society of Economic Geologists.


Maurice Colson

Corporate Finance, Director

Mr. Colson has worked in the investment industry for more than 35 year and was
for many years managing director for a major Canadian investment dealer in the
United Kingdom. He is actively involved in providing strategic counsel and
assistance with financing to emerging private and public companies in Canada and
to Canadian companies operating in China, Africa and South America. He sits on
the board of directors of several TSX and TSX Venture listed companies and is
the former President and CEO of Lithium One Resources. Mr. Colson holds a
Masters of Business Administration degree from McGill University in Montreal.


David Carbonaro

Corporate Secretary, Director

David Carbonaro is a partner at Heenan Blaikie LLP and practices corporate
finance and international law. He also advises public companies, securities
dealers and investment banks on corporate finance matters in the resource
sector. 


About SearchGold Resources

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 a series of
successive innovative 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.


This press release in not for distribution to the United States newswire
services or for dissemination in the United States.


Except for statements of historical fact contained herein, the information in
this press release may constitute "forward-looking information" within the
meaning of Canadian securities law. Other than statements of historical fact,
all statements are "forward-looking statements", including the Record Date, use
of proceeds, size and pricing of the Offerings that involve various known and
unknown risk and uncertainties and other factors, such as market conditions.
There can be no assurance that such statements will prove accurate. Results and
future events could differ materially from those anticipated in such statements.
Readers of this press release are cautioned to not place undue reliance on these
"forward-looking statements". Except as otherwise required by applicable
securities statutes or regulation, SearchGold expressly disclaims any intent or
obligation to update public forward-looking information, whether as a result of
new information, future events or otherwise.


PLEASE VISIT http://www.searchgold.ca.

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