Searchlight Resources receives TSXV approval for purchase of the Bootleg Gold property

Vancouver, British Columbia, March 24, 2023 – Searchlight Resources Inc. (“Searchlight” or the “Company”) (TSXV: SCLT, OTCQB: SCLTF) is pleased to announce that the Company has received approval from the TSX Venture Exchange (the “Exchange”) to issue common shares as consideration for the purchase by Searchlight of the 25% interest plus 1.0% NSR in the Bootleg Lake Gold property from New Moon Minerals Corp. (“New Moon”)

Consideration for the acquisition of the 25% interest plus 1.0% NSR in the Bootleg Lake Gold property consists of 6,000,000 common shares of Searchlight. The common shares will be issued to New Moon. All securities issued are subject to a four-month hold period from the date of issue.

About Searchlight Resources Inc.

Searchlight Resources Inc. (TSXV: SCLT; OTCQB:SCLTF) 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, VP Corporate Development
(604) 331-9326
info@searchlightresources.com

NT4