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)
announces that it has received notice from Concordia Resource Corp. of its
decision not to proceed with the joint venture with respect to the Gueguere
licenses in Burkina Faso. SearchGold is currently exploring its options with
respect to this decision and will respond in due course.


The Company is pleased to announce the appointment of Mr. Wes Roberts M.Sc.,
MBA, P.Eng. to the Company's Board of Directors. Mr. Roberts' appointment
greatly enhances the Company's ability to identify and assess quality
exploration, development and production opportunities. 


Wes Roberts is a licensed Professional Engineer of Ontario since 1984 and is
currently the vice-president of the firm's mining group at Heenan Blaikie LLP,
specializing in the economic evaluation and development of mineral deposits. He
brings more than 30 years of experience in mineral exploration, mining
operations, project engineering and management, as well as diverse mining
engineering experience that include precious and base metals, iron ore, rare
earth metals and industrial minerals. Previously, Wes held numerous positions in
the mining industry, which include Canada Talc Limited, Derry, Michener, Booth &
Wahl, Davy International (Aker Kvaerner mining & metals), BLM Bharti
Engineering, Griffiths McBurney & Partners (GMP), Inco Ltd and most recently as
Vice-President of Corporate Development at Breakwater Resources Ltd.


"On behalf of SearchGold, I extend a warm welcome to Mr. Roberts," states
Stanley Robinson, P.Geo. President and CEO of the Company. "Mr. Roberts' diverse
and exemplary exploration, evaluations, development and mining background
compliments SearchGold's strategy in every aspect." 


As first reported on September 17, 2012, the Company issued its first invoice in
the amount of approximately US$79,000, relating to its Net Smelter Return in the
Bakoudou mine in Gabon as the Company received notification from the operator of
the first precious metal sales during Q2, 2012. The Bakoudou mine began initial
operations in Q1, 2012 and is currently in a commissioning phase. SearchGold is
pleased to announce that it has received payment of this invoice.


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. 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
SearchGold Resources Inc.
Stanley Robinson
President and Chief Executive Officer
647-344-4222
stan.robinson@ca.inter.net
www.searchgold.ca

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