Mr. Stephen Wallace reports

SEARCHLIGHT RESOURCES ANNOUNCES PROPOSED SHARE CONSOLIDATION

Searchlight Resources Inc. intends to consolidate its issued and outstanding common shares at a ratio of five preconsolidated shares to one postconsolidation share.

The purpose of the consolidation is to facilitate the company's ability to attract future financings, generate greater investor interest and improve trading liquidity. The company currently has 146,546,134 common shares issued. Upon completion of the consolidation, the company anticipates there will be 29,309,227 common shares issued and outstanding.

In accordance with the company's articles, the consolidation does not require the approval of the shareholders. The consolidation is subject to acceptance from the TSX Venture Exchange.

About Searchlight Resources Inc.

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

We seek Safe Harbor.