Mr. Stephen Wallace reports

SEARCHLIGHT RESOURCES ANNOUNCES APPOINTMENT OF GARY HAYWOOD, P.ENG AS TECHNICAL ADVISOR

Gary Haywood, PEng, has joined Searchlight Resources Inc.'s advisory board as a technical adviser.

Mr. Haywood is a professional mining engineer licensed in Saskatchewan and Yukon with over 40 years of mine engineering and operations experience in underground and surface mining, in commodities including gold, coal and uranium. His international experience in both Canada and Australia has been the focus of specializing in narrow-vein underground mining projects to large, open-cut mine operations in various capacities, including general manager, vice-president, project development, and chief operating officer.

For the past eight years, Mr. Haywood has been providing mine engineering consulting services to the mineral resource industry and has been the technical lead in feasibility studies and preliminary economic assessments, project management, and mine operational readiness planning in projects across Western Canada.

"We welcome Gary Haywood to Searchlight, bringing a mine development background to our team, as the company moves toward the reopening of the Rio high-grade gold mine," stated Stephen Wallace, president and chief executive officer of Searchlight.

Grant of options

Searchlight announces that it has granted incentive stock options to officers, directors and consultants under its stock option plan, entitling them to purchase an aggregate of up to 3.45 million common shares of the company. The stock options will vest immediately and are exercisable on or before March 26, 2031, at a price of 10 cents per share.

About Searchlight Resources Inc.

Searchlight Resources is a Canadian mineral exploration and development company focused on gold in Saskatchewan, Canada, which has been ranked as one of the top 10 locations in the world for mining investment by the Fraser Institute. The company is currently planning the reopening of the Rio gold mine, located five kilometres from Creighton, Sask., and Flin Flon, Man.

We seek Safe Harbor.