Mr. Stephen Wallace reports

SEARCHLIGHT RESOURCES STAKES IN THE ATHABASCA BASIN

Searchlight Resources Inc. has staked two mineral claims in the eastern Athabasca basin in Northern Saskatchewan.

During the recent Saskatchewan claim reopening, Searchlight staked two claims totalling 43.5 square kilometres within the Athabasca basin, which hosts the highest-grade operating uranium mines in the world. The company staked claim MC00018586 covering 1,878.5 hectares, located approximately 12 kilometres west of Highway 905, and claim MC00018618 covering 2,468.8 hectares, located approximately two kilometres east of Highway 905. Searchlight will soon begin the detailed geological evaluation of these claims and will plan for future exploration.

"These claims fit Searchlight exploration strategy of generating new critical element projects by staking," stated Stephen Wallace, PGeo, president and chief executive officer of Searchlight.

These claims are now part of Searchlight's uranium project portfolio. which includes the Duddridge Lake uranium deposit with a historic National Instrument 43-101 inferred resource estimate of 227,880 tonnes and a grade of 2.14 pounds per tonne U3O8 (triuranium octoxide) (Fission Energy Corp., 2007). The Duddridge project is accessible by an all-season gravel road (Highway 910) to within 10 kilometres of the deposit, with direct access by winter road and ATV (all-terrain vehicle) trail in summer. Additionally, Fission sampled 39 boulders in the deposit area, with results of up to 1.91 per cent uranium and 0.69 per cent copper plus 0.14 per cent cobalt and 0.55 per cent vanadium.

Qualified person

Stephen Wallace, PGeo, is Searchlight's qualified person within the meaning of NI 43-101 and has reviewed and approved the technical information contained in this news release.

About Searchlight Resources Inc.

Searchlight Resources is a Canadian mineral exploration and development company focused on Saskatchewan, Canada, which has been ranked as the top location for mining investment in Canada by the Fraser Institute. The company's exploration model of project generation, coupled with targeted exploration, focuses on battery minerals and gold throughout the province.

We seek Safe Harbor.