Gold Exploration in West Africa

[Ed Monton]

SearchGold Signs a Diamond Marketing Agreement for
Mandala Diamonds

MONTREAL, QUEBEC--Mr. Maurice Giroux is pleased to announce that
Searchgold Resources Inc. has signed a diamond marketing
agreement with the company Natural Diamond Corporation N.V.
(Nadco) of Antwerp, Belgium, the world's diamond capital.

Nadco is a privately owned diamond marketing company dealing in
both rough and polished diamonds and is one of the most important
in Antwerp with current sales volume of approximately 150 Million
US$ a year. Owners and directors are Mr. Jacky Lewy and Mr.
Samuel Scheffer, who together have accumulated some 60 years of
experience in 14 different countries in the areas of consulting,
evaluation, assortment, marketing and manufacturing of diamonds
from all known conflict-free sources of diamond worldwide.

By signing this contract, SearchGold agrees to sell to Nadco its
Mandala diamond production for a term of 3 years, at competitive
prevailing market prices. In counterpart, Nadco will, upon
reception of any shipment, advance SearchGold 75 % of the
estimated value immediately in order to facilitate Mandala's
operation cash flow.

Also, Nadco shall, on behalf of SearchGold, search for added
value for all exceptional diamonds, by cutting and polishing them
in its Antwerp facilities before marketing them.

Moreover, Nadco will provide to two SearchGold representatives a
suitable training in diamond grading and sorting at its premises
in Antwerp, Belgium.

This Diamond Marketing Agreement with Nadco N.V., a long time
established company represents for SearchGold an important step
to achieve its main objective, to become a diamond producer.

SearchGold Resources Inc. is a mining exploration company which
primary mission is to target, explore and develop diamond and
gold deposits in West

Africa in order to generate substantial cash flows for the
benefit of its shareholders. SearchGold is also active in
Northern Quebec in exploring systematically the multi-elements
potential of its Yasinski North 100% owned property in the James
Bay territory.

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.

Shares issued : 27 032 510

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FOR FURTHER INFORMATION PLEASE CONTACT:
Source
Maurice Giroux
President
or
SearchGold Resources Inc.
Alain Vezina
Investor Relations
[phone]
[phone] (FAX)
[e-mail]
http://www.searchgold.ca