RSG Searchgold Resources Inc.

NOT FOR DISTRIBUTION IN THE UNITED STATES OF AMERICA OR THROUGH U.S. WIRE SERVICES.

SearchGold Resources Inc. ("SearchGold" or the "Company") (TSX
VENTURE:RSG)(FRANKFURT:S1O) announces a proposed non-brokered private placement,
on a "best efforts" basis (the "Offering") of up to 10,000,000 common shares of
the Company (the "Common Shares") at a price of $0.05 per Common Share, for
aggregate gross proceeds of $500,000. 


The closing of the Offering is expected to occur on or about the end of February
2012 and is subject to the completion of formal documentation and receipt of
regulatory approval, including the approval of the TSX Venture Exchange. 


The Company plans to use the proceeds of the Offering to resume the
Corporation's work program on the Company's 100% owned Mandiana project which is
located in eastern Guinea, West Africa or for general corporate purposes.
Details of the work program were previously disclosed in a press release dated
November 22, 2011, and filed on www.sedar.com. 


To learn more about SearchGold, please visit the Company's website at
www.searchgold.ca


About SearchGold Resources

SearchGold is a Canadian-based mining exploration company whose primary mission
is to target, explore and advance gold properties of merit in Africa. The
Company currently has mineral Interests in Burkina Faso, Gabon and Guinea. 


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 statements concerning
the Offering and the Company's African projects, such factors and/or events
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.

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