Republic Services Inc V.RSG

SearchGold Completes a $372,000 Financing

[r_shackleford]

SearchGold Completes a $372,000 Financing
CCNMatthews

MONTREAL, QUEBEC--(Marketwire - Sept. 18, 2009) - Searchgold ResourcesInc. ("SearchGold" or "the Company") (TSX VENTURE:RSG)(FRANKFURT:S10)is pleased to announce the completion of a $372,000 private placement.The Company will issue 372 units at a cost of $1,000 per unit. EachUnit includes 40,000 common shares of the Company at a price of $0.025per share and 20,000 common share purchase Warrants. Each Warrantentitles the holder to purchase one common share of the Company at aprice of $0.05 at any time during the 12-month period from the ClosingDate. The shares to be issued are subject to a 4 month minimum holdperiod.


In connection with this private placement, a finder's fee will be paid out to the following :


- Loeb Aron & Company Limited : $20,000 and 800,000 Finder's warrants;

- Lightyear Capital Inc.: $17,200 and 688,000 Finder's warrants.

Each Finder's Warrant shall be exercisable into 1 common share at aprice of $0.05 per share for a period of 12 months from the closingdate.

This financing is subject to the approval of the TSX Venture Exchange.

The Company will provide its shareholders with project updates in the coming days.

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

FOR FURTHER INFORMATION PLEASE CONTACT:
SearchGold Resources Inc.
Philippe Giaro, President & CEO
32-473-52-30-29
[e-mail]

SearchGold Resources Inc.
Denis Tremblay, Vice-President
1-514-866-4224
[e-mail]
www.searchgold.ca

Source: SearchGold Resources Inc.