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SearchGold Resources Inc. ("SearchGold") (TSX VENTURE:RSG)(FRANKFURT:S1O) is
pleased to announce the admission of Stellar Diamonds Limited ("Stellar") to the
AIM market of the London Stock Exchange ("AIM"). 


Stellar has 96,581,432 outstanding shares, a market capitalisation of
approximately GBP 19 million, and its shares have started trading on AIM under
the symbol "STEL" on February 22nd 2010. In addition to the listing, Stellar
raised GBP 5,000,000 with RBC Capital Markets, Stellar's nominated adviser and
broker.


Following the listing transaction and financing, SearchGold holds a 2.8%
interest in Stellar. SearchGold has 2,672,629 Stellar shares, which, at a share
price of GBP 0.1825, represents a value of GBP 488,000, or CAD$ 756,000 at an
exchange rate of GBP 1 = CAD$ 1.55.


Philippe Giaro, President and CEO, commented on Stellar's listing: "We are very
pleased with this latest development which marks a significant milestone. The
new liquidity and visibility provided by the AIM listing, the additional cash of
GBP 5,000,000 and the technical and logistical synergies achieved with the
acquisition of the Bomboko diamond project in Guinea, provide Stellar with the
potential to become a leading diamond producer and explorer in Africa. This
recent listing also further underlines SearchGold's strategy to advance numerous
assets through satellite corporate structures while retaining a specific focus
for internal development, thereby optimizing its shareholder's exposure to a
maximum number of high potential situations."


About Stellar Diamonds Limited (www.stellar-diamonds.com)

Stellar Diamonds plc is a newly listed diamond production and development
company that was formed from the merger of Stellar Diamonds Limited and West
African Diamonds plc. Stellar has a portfolio of projects in West Africa. Two
projects in Guinea are in production, Mandala and Bomboko, which provide robust
cash flow. At the time of the merger, Mandala had produced over 53,000 carats
and Bomboko had produced over 2,000 carats, with both projects currently
undergoing expansion programmes. Stellar also owns rights over four high-grade
kimberlites that are the focus of further development. In Sierra Leone the Tongo
and Kono projects comprise a series of kimberlite dykes, with the Kono project
having produced 4,200 carats of diamonds through underground trial mining with
Joint Venture partner Petra Diamonds. In Guinea the Droujba kimberlite pipe and
the Bouro kimberlite dykes are located in proximity to the Mandala mine and
demonstrate grades of up to 500cpht and 200cpht respectively. 


About SearchGold Resources Inc. (www.searchgold.ca)

SearchGold Resources is a Canadian-based mining company primarily focussed on
gold deposits in Africa with advanced gold projects in Gabon and Burkina Faso.
SearchGold and partner Swala Resources plc recently completed a 114-hole RAB /
RC drilling program, totaling 4,400 m on the Arae-Gassel property in Burkina
Faso. Shares of SearchGold Resources Inc. are listed for trading on the TSX
Venture Exchange as "RSG"; and the Frankfurt Stock Exchange as "S1O". 


Philippe Giaro, P. Geo., President and CEO of SearchGold Resources Inc. and
Qualified Person for SearchGold, has reviewed and approved the content of this
release.

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