SearchGold Options Gueguere Property South of Poura Mine in Burkina Faso

MONTREAL, QUEBEC, May 19 (MARKET WIRE) --
SearchGold Resources Inc. ("SearchGold")(TSX VENTURE: RSG)(FRANKFURT:
S1O) is pleased to announce that it has entered into an option agreement
with Somika SARL ("Somika") to acquire a 100% interest in the 500 km2
Gueguere Gold Property ("Gueguere") located in southwestern Burkina Faso.

The Gueguere property is located 180 km west of Ouagadougou, Burkina
Faso's capital, in the Boromo birimian greenstone belt between the past
producing Poura mine and Orezone Resources' Bondi project. The Poura past
producing mine is located approximately 35 km north-east of Gueguere and
produced over 800,000 ounces of gold before its closure in 1999. The
Bondi project is located approximately 30 km south-west of the Gueguere
property and is presently being developed by Orezone Resources Inc. which
has outlined measured and indicated resources of 4.1 million tonnes @
2.12 g/t Au for 282,000 ounces of gold.

The north-north-east trending Boromo greenstone belt consists primarily
in birimian metavolcanics and metaandesites. These metavolcanic rocks are
intruded by mafic and ultramafic plutonic bodies and by granitoids. On
Gueguere, these various formations hosts quartz veins and are transected
by numerous lineaments.

On the Gueguere property, geochemical and geophysical surveys executed in
2003-2004 have outlined gold geochemical anomalies over a strike length
of 1,700 m and over which follow-up RC drilling in 2004-2005 confirmed
significant gold grades at less than 100 m vertical depth.

See attached figure "Gueguere Property Geology":
http://media3.marketwire.com/docs/Property_Geology_0515.pdf

- DRC007 : 15.30 g/t Au over 2 m from 14 to 16 m

- DRC004 : 13.42 g/t Au over 3 m from 59 to 62 m

- DRC002 : 1.83 g/t Au over 9 m from 56 to 65 m

- DRC013 : 1.40 g/t Au over 20 m from 2 to 22 m

No cut-off grade was reported for the calculation of the above
intersections and even though exploration drilling attempts to intersect
the mineralized structures at a high angle to determine exact widths, the
above intersections do not represent perfect true widths.

SearchGold can acquire a 100% interest in Gueguere over three years by
meeting the following conditions:

- Paying Somika a total of $US50,002 as follows: $US2 upon signature;
$US20,000 two years after the date of signature and $US30,000 three years
after the date of signature;

- By issuing Somika a total of 500,000 SearchGold shares as follows:
200,000 shares upon signature; 100,000 shares on the first anniversary
date; 100,000 shares on the second anniversary date and 100,000 shares on
the third anniversary date;

- By incurring a total of $US800,000 in exploration expenditures over
three years ; $US200,000 during the first year ; $US200 000 during the
second year and $US400 000 during the third year.

Following SearchGold's acquisition of a 100% interest, Somika will retain
a 2% Net Smelter Return (the "NSR"). SearchGold will have the right to
purchase up to half of the NSR held by Somika (or 1%) for $US500,000 per
0.5% NSR bracket, or for a total of $US1,000,000 for 1% of the NSR held
by Somika. Moreover, SearchGold holds a right of first refusal on the
remaining 1% NSR corresponding to the second half of the 2% NSR.

The optioning of the Gueguere property from Somika represents the
continuation of SearchGold's development in West Africa, and specifically
in Burkina Faso, a country recognized for its strong gold potential.

See figure "SearchGold Burkina Faso":
http://media3.marketwire.com/docs/Burkina_Faso_0515.pdf

High River Gold Mines Ltd. commenced production from the Taparko gold
deposit in July 2007 and three more recently outlined gold deposits are
Etruscan Resources Inc.'s Youga deposit; Semafo Inc.'s Mana deposit and
Wega Mining Inc.'s Inata deposit. Furthermore, other historically
renowned regions, such as the Poura mine, produced over 800,000 ounces of
gold confirming the country's potential.

About SearchGold Resources Inc.

SearchGold Resources is a Canadian-based mining company primarily
focussed on gold deposits in Africa. Shares of SearchGold Resources Inc.
are listed for trading on the TSX Venture Exchange as "RSG"; and the
Frankfurt Stock Exchange as "S1O".

Neither TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.

Contacts:
SearchGold Resources Inc.
Philippe Giaro
President & CEO
32-473-52-30-29
phgiaro@skynet.be

SearchGold Resources Inc.
Denis Tremblay
Vice-President
1-514-866-4224
info@searchgold.ca
www.searchgold.ca

CHF Investor Relations
Alison Tullis
Senior Account Manager
1-416-868-1079 x233
alison@chfir.com

Copyright 2009, Market Wire, All rights reserved.

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