BAKOUDOU/ MAGNIMA

SearchGold Resources Inc. announced a Purchase and Sale Agreement with Managem International A.G. for the sale of its remaining 27% interest in the Bakoudou-Magnima Gold Project located in Gabon, Africa.

Diamond drilling is on-going and in April 2008 the drill hole data base had been upgraded to 319 BQ-NQ diameter core holes. The recent additional holes were drilled near surface, between 0 and 50 m, and were aimed at providing a better definition of Zone A to increase the proportion of measured resources in the final resource calculation. Some of the highlights of this in-fill drilling include 4.16 g/t Au over 10.75 m from 8.25 m to 19.00 m in hole BAPG-30; 4.46 g/t Au over 8.40 m from 30.30 m to 38.70 m in hole BAPG-33; 4.77 g/t Au over 9.95 m from 39.50 m to 49.45 m in hole BAPG-36; 6.66 g/t Au over 21.80 m from 7.60 m to 29.40 m in hole BAPG-41; 7.87 g/t Au over 7.27 m from 22.63 m to 29.90 m in hole BAPG-42; 3.44 g/t Au over 12.00 m from 38.00 m to 50.00 m in hole BAPG-43; 13.68 g/t Au over 12.50 m from 40.50 m to 53.00 m in hole BAPG-53; 3.24 g/t Au over 14.10 m from 35.90 m to 50.00 m in hole BAPG-122bis; and 3.36 g/t Au over 11.00 m from 29.25 m to 40.25 m in hole BAPG-140.

Recent significant drilling results reported; hole BA-06-40 was drilled to evaluate the northern extension of the higher grade section encountered in hole BA-06-36.Following a broad mineralized interval closer to surface which returned 1.34 g/t Au over 25.50 m, the higher grade section was intersected below and returned 16.43 g/t Au over 4.00 m. The hole had to be stopped in the high grade mineralization for technical difficulties.