Searchgold Resources Inc.
Searchgold Resources Inc.: SEARCHGOLD OPTIONS 7,865 KM² ON TWO PROPERTIES FOR GOLD IN GABON

Searchgold Resources Inc. / Miscellaneous/Miscellaneous

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Montréal, September 5th 2007 –  SearchGold Resources Inc. ('SearchGold')
today announced that it has entered into an option agreement with Arc
Mining and Investment s.a. ('Arc'), a wholly owned subsidiary of Zambezi
Gold Plc, a company registered in the United Kingdom, to acquire a 50%
interest in two gold properties in Gabon.

The Booué Gold Property consists of one 7,336 km² Prospecting Authorization
and is located in north central Gabon. The Mimongo Gold Property consists
of one 529 km² Prospecting Authorization and is located in south central
Gabon. Both properties are directly accessible by road from the capital
city of Libreville. SearchGold is the project operator and can acquire a
50% interest in both properties over three years by incurring a total of
US$1,500,000 in exploration expenditures as follows : US$250,000 the first
year, US$500,000 in the second and US$750,000 in the third year.

Arc is a private Luxembourg based mining company involved in the
acquisition and development of mining projects and managed by a team of
well respected mining professionals. Once SearchGold earns its 50% interest
in the projects, SearchGold and Arc will contribute jointly to further
develop the properties. A 2% NSR is payable to DeBeers.

Highlights for the project include :

• Access to the properties’ historical database assembled by DeBeers (see
below),
• Pluri-kilometric gold anomalies defined by historical regional stream
sampling,
• Favourable geological context of under-explored greenstone belts,
• Regional structural features, and,
• Good road access.

Please refer to the attached figures or visit : http://www.searchgold.ca
for geological maps of both properties.

Philippe Giaro, President and CEO, stated 'We are very pleased to be
working with Arc on these two projects. Gabon hosts numerous greenstone
belts and, as one of the last Archean frontiers of the world, the gold
potential has to this point been totally overlooked. Especially
advantageous to us has been the DeBeers’ database which will save us
valuable exploration time and expenses and enable us to zero in immediately
on areas of interest. These properties complement our Bakoudou-Magnima Gold
Project by strengthening our position in Gabon with access to 10,000 km² of
under-explored greenstone belts.'

Previous work by DeBeers

DeBeers carried out regional exploration work for diamonds throughout Gabon
covering an area of 33,513 km² which essentially consisted of regional
stream geochemistry and airborne geophysical surveys :

• A total of 9,315 stream samples were collected and tabulated. The coarse
fraction was isolated for each sample and studied with a binocular
microscope for diamond indicator minerals. In numerous instances grains of
visible gold were observed in these coarse fractions.

• Airborne geophysical magnetic surveys were conducted by Fugro Airborne
Surveys Limited. A total of 36,850 km of lines were flown at an average
height of 75m with 250 m spacings.

The Booué and Mimongo projects were identified on the basis of their
samples having returned visible gold grains in the coarse fractions. Within
the 7,865 km² area represented by the two properties, 2,719 stream samples
were collected and a total of 128 samples reported visible gold grains in
the coarse fraction. Several multi kilometre-size gold clusters appear to
be associated with regional structures and lithological contacts.

Following a preliminary compilation of the data base, SearchGold initiated
field work in the most promising areas. Updates will be provided as the
work progresses.

About Gabon

Gabon is one of the most politically stable countries in Africa and the
country’s petroleum industry has insured prosperity. Gabon is now starting
to diversify its economy and intends on maximizing the overlooked potential
of its mining sector which offers upside from various commodities. Comilog
has been the operator of the Moanda manganese mines in the Franceville area
for the past 50 years, and is still one of the major sources of the world’s
manganese. A US$3 billion iron ore project has just been signed with a
consortium involving Chinese giant SinoSteel. SearchGold and its partner
Managem are developing Gabon’s most advanced gold project.

Philippe Giaro, P.Geol., President and CEO of SearchGold Resources Inc. and
Qualified Person for SearchGold, is responsible for reviewing the content
of this release.

About SearchGold Resources Inc. 

SearchGold Resources is a Canadian-based mining exploration company whose
primary mission is to target, explore and develop gold deposits in Africa
and in Canada. The expansion strategy executed in 2006 set the stage for
the Company’s development in 2007 that involves increasing activity on the
new blue-sky properties and the advanced projects as well as some potential
acquisitions.

For further Information visit www.searchgold.ca or send an E-Mail to
info@searchgold.ca (English) or S1O@ir-services.de (German).

In the name of the Board
Philip Giaro, President
SearchGold Resources

CHF Investor Relations
Alison Tullis
Tel: 416-868-1079 #233
alison@chfir.com


05.09.2007  Financial News transmitted by DGAP
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