SearchGold Provides Update on Gueguere Following Indigo's Drill Intercept of 29.67 g/t Au Over 7 m on Adjoining Moule Property i

SearchGold Resources Inc. ("SearchGold") (TSX VENTURE:RSG)(FRANKFURT:S1O) is
pleased to provide an update on its Gueguere Gold Property ("Gueguere") located
in Burkina Faso, West Africa. 


The anticipated low-altitude airborne geophysical survey has now been finalized
and completely covers Gueguere. The magnetic component of the survey outlines an
important tonalite intrusive in the center of the property. Clear linear
features also border this intrusive body to the west and east. 


The simultaneous historical work compilation highlights the following (see
attached figure or visit: http://www.searchgold.ca) :




--  The eastern part of the property is transected by a multikilometer
    linear NNW trending structure overlapping two important ancient artisan
    sites at Tampour and Dakoula. Historical stream geochemistry confirms
    the presence of anomalous gold zones on this trend. 

--  In the west and southern parts of the property, the geophysical linear
    features show a curved pattern possibly caused by the presence of
    several smaller satellite intrusions. 

--  Around the town of Lebiele, ancient artisan workings are reported with
    historical surface rock samples from quartz veins assaying up to 12.25
    g/t Au. 

--  Also in the Lebiele area, and quite possibly associated with some
    satellite intrusions, historical rock samples of a syentic, alkaline
    granite have assayed between 0.2 and 0.4 g/t Au, clearly showing signs
    of gold impregnation in the host rock, a positive early sign for bulk
    tonnage type targets. 

--  The Lebiele area is located approximately 5 km to NW of the historical
    1.7 km gold geochemical soil anomaly which yielded grades of 15.30 g/t
    Au over 2 m and 1.40 g/t Au over 20 m at shallow depths in follow-up
    2004-2005 RC drilling. 

--  In April 2011, Indigo Exploration Inc. (TSXV:IXI) reported an RC
    drilling intersection of 29.67 g/t Au over 7 m on their adjoining Moule
    Property, just across the southern border from Gueguere where
    SearchGold's recent geological prospection on the Domoule sector
    outlined quartz veins and ancient artisan workings with surface rock
    samples yielding up to 10 g/t Au. 



Swala Resources plc.; SearchGold's partner on the project, reports that
following the finalization of the geophysical survey and the historical works
compilation, a follow-up surface program is now in preparation and will be
carried out immediately after the 2011 rainy season.


About SearchGold Resources Inc. 

SearchGold is a Canadian-based mining exploration company whose primary mission
is to target, explore and develop gold deposits in Africa. The Company is
currently involved in Burkina Faso, Gabon and Guinea. Through a series of
successive innovative transactions, SearchGold has been able to retain an
interest in all the important assets it has acquired and developed during its
existence as a public company. As a result, SearchGold now has investments in
three mining companies and one near-term production gold project :




--  Bakoudou Zone A, Gabon / Managem : 0.75% NSR 
--  Swala Resources plc : 4.5 million shares, (see: www.swalaresources.com) 
--  Stellar Diamonds plc : 1.7 million shares (see : www.stellar-
    diamonds.com) 
--  Golden Share Mining Corporation : 2.1 million shares (see:
    www.goldenshare.ca) 



Philippe Giaro, P. Geo., President and CEO of SearchGold Resources Inc. and
Qualified Person for SearchGold, has reviewed and approved the content of this
release. 


To view the map associated with this press release, please visit the following
link: http://media3.marketwire.com/docs/110609_RSG_map.jpg.

Searchgold Resources Inc. (TSXV:RSG)
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