Gold Exploration in West Africa

[FL]

BONANZA?: Searchgold (RSG.V) hits 16.39g/t gold for 49.5 meters!

(Bashful disclosure: I have some Searchgold stock. It's up 25% today...which, for this size of find, is naturally NOT NEARLY ENOUGH! This is a near-bonanza at least, if not a true bonanza. The recent stock rise of the previous message becomes less mystifying....FL)
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16.39 g/t Au Over 49.50 m: SearchGold Cuts a Spectacular Gold Intersection on Bakoudou in Gabon

MONTREAL, QUEBEC, Sep 19, 2007 (MARKET WIRE via COMTEX) -- SearchGold Resources Inc. (Venture Exchange: RSG; FRANKFURT: S1O) is pleased to provide an update on the drilling campaign currently underway on its Bakoudou-Magnima Gold Project located in Gabon, Africa.

Hole BA-06-36, drilled at the south eastern extremity of Zone A on Bakoudou, intersected a spectacular mineralized interval:
16.39 g/t Au over 49.50 m from 133.00 m to 182.50 m

This intersection comprises the following high grade mineralized intercepts:
- 176.10 g/t Au over 1.00 m from 142.00 to 143.00 m
- 55.41 g/t Au over 1.00 m from 151.00 to 152.00 m
- 72.30 g/t Au over 2.00 m from 178.00 to 180.00 m
The drill hole was executed to test the extension of Bakoudou's Zone A south of an east-north-east trending fault offsetting the mineralized body. This hole confirms the continuity of the mineralization south of this fault and allows new development perspectives to be considered for the project. Equally significant, the mineralized interval was intersected in fresh rock clearly establishing the continuity of the mineralization at depth beyond the oxide zone.
Two additional drill holes, BA-06-37 and BA-06-38, have intersected the mineralized structure south of the east-north-east trending fault and visible gold has also been observed in both instances. Samples of the mineralized zones intersected in these two holes are presently being analyzed.

Philippe Giaro, President and CEO, stated "This remarkable hole results from systematic investigations and highlights the quality of the Bakoudou project and of the technical teams in place. This intersection in fresh rock totally changes the scope of project by confirming in a spectacular way the rooting of the mineralization in the sulfide zone on very important widths. It now appears more and more probable that the oxide part of Zone A would be the starting point of a mining operation with the opportunity to extend its mine life with the fresh rock mineralization."

Visible gold has been observed in hole BA-06-36 and the grade is generally well distributed over the 49.5 m mineralized interval as demonstrated by the following table presenting the individual values obtained.

 
 -------------------------------      ------------------------------------- 
 From   To    Interval     Grade       From     To    Interval        Grade 
 (m)    (m)         (m)  (g/t Au)        (m)    (m)         (m)     (g/t Au) 
 -------------------------------      ------------------------------------- 
 133   134           1      0.43        158    159           1         1.12 
 -------------------------------      ------------------------------------- 
 134   135           1      1.13        159    160           1         1.64 
 -------------------------------      ------------------------------------ 
 135   136           1      4.15        160    161           1         0.80 
 -------------------------------      ------------------------------------ 
 136   137           1      0.10        161    162           1        14.60 
 -------------------------------      ------------------------------------- 
 137   138           1      8.64        162    163           1         6.42 
 -------------------------------      ------------------------------------- 
 138   139           1      2.27        163    164           1        35.49 
 -------------------------------      ------------------------------------- 
 139   140           1      0.02        164    165           1         9.53 
 -------------------------------      ------------------------------------- 
 140   141           1      0.40        165    166           1        13.78 
 -------------------------------      ------------------------------------- 
 141   142           1      0.40        166    167           1         2.98 
 -------------------------------      ------------------------------------- 
 142   143           1    176.10        167    168           1        22.15 
 -------------------------------      ------------------------------------- 
 143   144           1     14.15        168    169           1         4.48 
 -------------------------------      ------------------------------------- 
 144   145           1     15.70        169    170           1         8.70 
 -------------------------------      ------------------------------------- 
 145   146           1     12.60        170    171           1         3.78 
 -------------------------------      ------------------------------------- 
 146   147           1      4.27        171    172           1         1.55 
 -------------------------------      ------------------------------------- 
 147   148           1     16.82        172    173           1        30.10 
 -------------------------------      ------------------------------------- 
 148   149           1     22.35        173    174           1         8.73 
 -------------------------------      ------------------------------------- 
 149   150           1     16.40        174    175           1        25.03 
 -------------------------------      ------------------------------------- 
 150   151           1     15.20        175    176           1         2.42 
 -------------------------------      ------------------------------------- 
 151   152           1     55.41        176    177           1         0.17 
 -------------------------------      ------------------------------------- 
 152   153           1     18.60        177    178           1         5.70 
 -------------------------------      ------------------------------------- 
 153   154           1     35.81        178    179           1        59.08 
 -------------------------------      ------------------------------------- 
 154   155           1      2.78        179    180           1        85.52 
 -------------------------------      ------------------------------------- 
 155   156           1     14.09        180  180.5         0.5        13.46 
 -------------------------------      ------------------------------------- 
 156   157           1     10.62      180.5  181.5           1         0.79 
 -------------------------------      ------------------------------------- 
 157   158           1      9.60      181.5  182.5           1         1.86 
 -------------------------------      ------------------------------------- 
 

No cut-off grade was applied in the calculation of the above intersection as an exact cut-off grade will be determined from final project statistical evaluations. When a cut-off grade of 35.00 g/t Au is applied, the mineralized interval shows a grade of 11.62 g/t Au over 49.50 m. Moreover, the grades presented in the table above and used in the calculation of the mineralized intercept are based on the individual average for each sample; such averages comprising the initial assay as well as all control duplicates executed by the laboratory.

Hole BA-06-36 has been drilled with a south-east azimuth in order to intersect the east-northeast trending fault at 90 while cutting the mineralized structures at the highest possible angle. The mineralized intercept does not however represent a true width.

Individual samples weighting 3kg on average are taken from sawn half core at +/- 1 meter intervals in the mineralized zones with consideration of the geological contacts. A rigorous QA/QC program involves the random inclusion of 10% standards, duplicates and blanks at the sample collection and preparation stage. The samples are flown to the ALS laboratory in Mali for analysis by fire assay on 50g pulp samples. The sample preparation procedure involves the crushing of the entire 3kg sample followed by quartering to obtain a representative 500g sample which is entirely pulverized and out of which a 50g sample is isolated for analysis by fire assay.

The program is being executed by Managem, and all drill core is photographed, logged and sampled under the supervision of Mr. Benyounes Maamar, P. Geol. Philippe Giaro, P.Geol., President and CEO of SearchGold Resources Inc. and Qualified Person for SearchGold, has reviewed and approved the content of this release.

In July 2005, SearchGold signed a strategic $4,200,000 joint venture agreement on the Bakoudou-Magnima Gold Project with Managem, a successful, established African-based mining company ( www.managem-ona.com). Through its subsidiaries, Managem operates 6 mines in Morocco and was also involved in the development of two gold mines in West Africa.

In June 2007, SearchGold announced the appointment of SRK Consulting (Canada) Inc. ("SRK") for an engineering mandate concerning the assistance for the development of the on-going feasibility study on Zone A. A first site visit by SRK and SearchGold's management was executed in early June 2007 in Gabon and Morocco.

About SearchGold Resources Inc.

SearchGold Resources is a Canadian-based mining exploration company whose primary mission is to target, explore and develop gold deposits in Africa and in Canada. The expansion strategy executed in 2006 set the stage for the Company's development in 2007 that involves increasing activity on the new blue-sky properties and the advanced projects as well as some potential acquisitions.

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Contacts:
SearchGold Resources Inc.
Philippe Giaro
President & CEO
32-473-52-30-29
[e-mail]

SearchGold Resources Inc.
Denis Tremblay
Vice-President
514-866-4224
[e-mail]
http://www.searchgold.ca

CHF Investor Relations
Alison Tullis
Account Manager
416-868-1079 x233
[e-mail]

SearchGold Resources Inc.
mailto:[e-mail]
mailto:[e-mail]
http://www.searchgold.ca
mailto:[e-mail]
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