Searchlight Resources Announces Proposed Share Consolidation

Press Release

Vancouver, British Columbia, Searchlight Resources Inc. (“Searchlight” or the “Company”) (TSXV: SCLT, US: SCLTF) announces that it intends to consolidate its issued and outstanding common shares at a ratio of five (5) pre-consolidated shares to one (1) post consolidation share (the “Consolidation”).

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-V.

About Searchlight Resources Inc.

Searchlight Resources Inc. (TSXV: SCLT; US: SCLT) is a Canadian mineral exploration and development company focused on Saskatchewan, Canada, which has been ranked as the top location for mining investment in Canada by the Fraser Institute. Exploration focus is on battery minerals and gold throughout the province, concentrating on projects with nearby infrastructure.

On behalf of the Board of Directors,
“Stephen Wallace”

Stephen Wallace, President, CEO and Director
SEARCHLIGHT RESOURCES INC.

For further information, visit the Company’s website at www.searchlightresources.com or contact:
Searchlight Resources Inc.
Alf Stewart, Chairman
(604) 331-9326
info@searchlightresources.com

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