SearchGold Resources Inc. (TSX VENTURE:RSG)(FRANKFURT:S1O) is declaring a dividend consisting in a maximum of 6,345,009 common shares of Golden Share Mining Corporation.

Searchgold will distribute those common shares of Golden Share, subject to adjustments, to the shareholders of Searchgold. Each registered shareholder of Searchgold on February 8, 2008 (the record date) will receive one common share of Golden Share for approximately 20 common shares of Searchgold held.

On December 19, 2007, the TSX Venture Exchange conditionally approved the listing of the common shares of Golden Share.

On December 28, 2007, Golden Share accepted subscription for a total of $2,666,025 in payment of 2,091 Units A at a price of $1,015 per Unit A and 533 Units B at a price of $1,020 per Unit B, pursuant to a final prospectus dated December 19, 2007.

Each Unit A offered at a price of $1,015 comprised 2,300 "flow-through" common shares at a price of $0.35 per share and 700 common shares at a price of $0.30 per share. Each Unit B offered at a price of $1,020 comprised 3,400 common shares at a price of $0.30 per share and 3,400 common share purchase warrants, each warrant entitling its holder to subscribe for one common share at the price of $0.35 for a period of 24 months.

The common shares of Golden Share began trading on the TSX Venture Exchange on January 14, 2008 under the symbol "GSH".

The certificates representing the common shares of Golden Share that the registered shareholders of Searchgold will be entitled to receive should be mailed on or about February 15, 2008. The shareholders of Searchgold can contact their brokers with respect to their shares of Golden Share.

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