SearchGold Resources Inc. Announces Update on its Joint Venture in Burkina Faso

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) is
pleased to announce that it has received notice from Concordia Resource Corp.
("Concordia") of its decision to retract its decision not to proceed with the
joint venture with SearchGold on the Company's Gueguere licenses in Burkina Faso
(the "Joint Venture"). 


As previously disclosed by the Company on October 29, 2012, SearchGold received
notice from Concordia of its decision not to proceed with the Joint Venture.
SearchGold welcomes Concordia's renewed recognition of the merits of the Joint
Venture project. SearchGold looks forward to strengthening its working
relationship with Concordia and its management team in an effort to maximize the
exploration and development potential on the Gueguere licenses. 


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

Searchgold Resources Inc. (TSXV:RSG)
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