Mr. Stephen Wallace reports

SEARCHLIGHT RESOURCES STAKES OTONADAH LAKE COPPER ZINC DEPOSIT IN THE FLIN FLON GREENSTONE BELT

Searchlight Resources Inc. has released results of staking at the Otonadah Lake and Cam copper-zinc targets, located 25 kilometres northwest of Creighton, Sask., and Flin Flon, Man.

During a recent Saskatchewan claim reopening, Searchlight staked claims MC00022357 and MC00022763, covering 1,465.5 hectares within the Flin Flon greenstone belt, which hosts the world-class copper-zinc-gold VMS deposits at Flin Flon. The new claims include the historic Otonadah Lake copper deposit and exploration shaft, described by BHP-Utah Mines Ltd. in 1992, as containing 100,000 tonnes grading 3.4 per cent copper and 1.5 per cent zinc.

"The new claims align with Searchlight's exploration strategy of generating new critical element projects by staking," stated Stephen Wallace, PGeo, president and chief executive officer of Searchlight. "It is exciting that Searchlight was able to stake the Otonadah Lake claims with this historical copper and zinc deposit, within 25 kilomtres of the Flin Flon VMS mines."

The Otonadah Lake prospect consists of a thick gossan overlying sulphide replacement bodies, in garnet-biotite gneiss of the Kisseynew group. Five long trenches expose an area 70 to 150 feet wide (21.3 to 45.7 metres), consisting of jointed and schistose gneiss that hosts pyrrhotite, pyrite and minor disseminated magnetite, sphalerite and chalcopyrite mineralization. Several semi-massive sulphide bodies were observed with reported chalcopyrite.

The new claims also include the CAM option Cu showing, with seven trenches over a strike length of 701 m, and width up to seven m. Massive pyrrhotite, plus chalcopyrite and sphalerite, were reported in the trench dumps.

The claims have excellent infrastructure and access, located 25 km from Flin Flon, a significant mining centre. The Otonadah Lake prospect is located two km north of Highway 106, and the Cam prospect is within 200 m of the road from Highway 106 to Tyrell Lake. The claims are now part of Searchlight's Flin Flon area portfolio, which includes Bootleg Lake and Robinson Creek Gold projects.

Future exploration

Searchlight is planning future exploration at both Otonadah Lake and Cam copper-zinc targets, including prospecting, MMI sampling and airborne geophysics.

Qualified person

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Mr. Wallace, president of Searchlight Resources.

About Searchlight Resources Inc.

Searchlight Resources is a Canadian mineral exploration and development company focused on Saskatchewan, 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.

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