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FL

04/26/06 4:07 PM

#1492 RE: FL #1416

Searchgold (RSG.V) pop due to Canada, not Africa

Searchgold had a pop (around 30%) at the open this morning.

See: http://web1.kitco.com/pr/1144/article_04262006083600.PDF

In Lac Fortune, Quebec, Canada they found 855.38 grams/ton gold over 0.35 metres, plus other "veinlets". Maybe the drill hit a nugget.

I had thought that the rise in the stock over the past weeks since the trading halt was due to its West African holdings and the Managem deal. Maybe not.

I'll wait (hope) for it to cool off a little.

The company website is: http://www.searchgold.ca

FL