Mr. Joseph Lanzon reports

SEARCH MINERALS ANNOUNCES NON-BROKERED PRIVATE PLACEMENT FINANCINGS

Search Minerals Inc. intends to conduct non-brokered private placement financings for gross proceeds of up to $993,847.

The financings consist of a non-brokered charity flow-through unit private placement through an arrangement with Wealth Creation Preservation & Donation Inc. of up to 1,487,694 units at a price of 50 cents per FT unit for gross proceeds of up to $743,847 and a non-brokered hard-dollar private placement of up to one million common shares at a price of 25 cents per offered share for gross proceeds of up to $250,000. Each FT unit will consist of one flow-through common share and one-half of one transferable non-flow-through common share purchase warrant. Each warrant will be exercisable to acquire one non-flow-through common share of the company at an exercise price of 65 cents for a period of 24 months following the date of issuance.

The gross proceeds from the FT financing will be used by the company to incur eligible Canadian exploration expenses that qualify as flow-through mining expenditures as both terms are defined in the Income Tax Act (Canada) related to the company's Foxtrot and Deep Fox projects in Labrador. The company also intends that such expenses incurred will be eligible for the critical mineral exploration tax credit. The net proceeds from the share financing will be used by the company for working capital and general corporate purposes.

The financings are subject to the receipt of all necessary regulatory and other approvals, including, but not limited to, acceptance of the TSX Venture Exchange. There can be no assurance that the financings will be completed, whether in whole or in part.

The FT shares and warrants comprising the FT units and the offered shares, as well as the common shares issuable on exercise of the warrants, will be subject to a hold period of four months and one day from the closing date of the applicable financings in accordance with applicable securities laws.

About Search Minerals Inc.

Search Minerals is focused on exploring for and developing critical rare earth elements, as well as transition metals zirconium and hafnium, within the emerging Port Hope Simpson-St. Lewis CREE district of southeastern Labrador. The company controls two deposits (Foxtrot and Deep Fox), two drill-ready prospects (Fox Meadow and Silver Fox), and numerous other CREE prospects, including Fox Valley, Foxy Lady and Awesome Fox, along a 64-kilometre-long belt forming a CREE district in Labrador.

Search Minerals also controls additional CREE assets in the Red Wine CREE district of central Labrador. These include: the drill-ready Two Tom Lake critical-rare-earth-element-beryllium-niobium deposit, the Mann No. 1 CREE-Nb-Be prospect and the Merlot CREE prospect.

We seek Safe Harbor.