
SearchGold Resources Inc.
TSX VENTURE:	RSG
FRANKFURT:	S1O

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June 1, 2010
SearchGold Proposes a Share Consolidation to its Shareholders
MONTREAL, QUEBEC--(Marketwire - June 1, 2010) - SearchGold Resources Inc. ("SearchGold") (TSX VENTURE:RSG)(FRANKFURT:S1O) will seek shareholder approval at its Special meeting of shareholders to be held on June 23, 2010, to consolidate its common shares at a ratio of one (1) new share for each tranche of ten (10) outstanding common shares. In order to be effective, the consolidation resolution must be approved by at least two third of the shareholder votes cast at the Meeting and be accepted by the TSX Venture Exchange. Management believes that having less shares outstanding will facilitate the future financings necessary to continue the development of the Company. SearchGold now has 148,530,171 common shares outstanding. If the consolidation is approved, the Company will have approximately 14,853,017 common shares outstanding. The Company will not change its name but would have a new stock symbol. In addition, Mr. Denis Tremblay submitted his resignation as Vice president, Corporate Secretary and Director of SearchGold for personal reasons. The board of directors would like to thank Mr. Tremblay for his involvement and dedication over the past 14 years and wishes him well. FOR FURTHER INFORMATION PLEASE VISIT http://www.searchgold.ca 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.

CONTACT INFORMATION:

SearchGold Resources Inc.
Philippe Giaro, President & CEO
011-32-473-52-30-29
phgiaro@skynet.be

INDUSTRY: Manufacturing and Production - Mining and Metals

Searchgold Resources Inc

	EXPLORATEUR
	CODE : RSG.V

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Searchgold est une société d’exploration minière d'or basée au Canada.

Searchgold détient divers projets d'exploration au Gabon.

Ses principaux projets en exploration sont MANDIANA en Guinee, BOOUÉ - MIMONGO et BAKOUDOU - MAGNIMA au Gabon et DOU - TAOUREMBA, ZITENGA II, GUEGUERE et ARAE-GASSEL au Burkina Faso.

Searchgold est cotée au Canada. Sa capitalisation boursière aujourd'hui est 1,6 millions CA$ (1,4 millions US$, 1,1 millions €).

La valeur de son action a atteint son plus bas niveau récent le 24 décembre 2008 à 0,01 CA$, et son plus haut niveau récent le 19 mars 2010 à 0,72 CA$.

Searchgold possède 32 835 000 actions en circulation.

Légende
	Production
	Mine développement
	Découverte
	Exploration
	Ancien producteur
Sur Google Earth, cliquez sur les pictogrammes, pour voir les informations du projet, accéder à sa page, ou à la page de la compagnie.

Searchgold Resources Inc

Proposes a Share Consolidation to its Shareholders

Searchgold Resources Inc