MONTREAL, QUEBEC--(Marketwire - July 14, 2008) - SearchGold Resources Inc. (TSX VENTURE:RSG)(FRANKFURT:S1O) is pleased to announce the closing of a non-brokered financing for an amount of $500,000. The Corporation will issue 500 units, each unit including 10,000 common shares of the Corporation at a price of $0.10 per share and 10,000 common share purchase warrants of the Corporation. Each Warrant entitles its holder to purchase one common share of the Corporation at the purchase price of $0.15 per common share at any time before July 11, 2009. These new shares are subject to a 4-month minimum hold period. 2 officers participated to this financing.

In connection with this financing, a 9 % cash finder's fee will be paid out to the following participants. The Corporation will also grant the following participants, finder's warrants to acquire the number of units equal to 10 % of the units subscribed for by the participant's investors. Each finder's warrant shall be exercisable into 1 unit at a price of $0.10 per unit valid until July 11, 2009.

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Participants                  Finder's Fee  Finder's
                                            Warrants
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Lightyear Capital Inc.         $13,500.00    150,000
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Jennings Capital Inc.          $10,620.00    118,000
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Wolverton Securities Ltd.       $9 450.00    105,000
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Loeb Aron & Company Ltd. (UK)   $2,250.00     25,000
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Brant Securities Ltd.           $1,800.00     20,000
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Research Capital Corporation    $1 350.00     15,000
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Union Securities Ltd.             $900.00     10,000
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This financing is subject to the approval of the TSX Venture Exchange.