SEARCHLIGHT RES INC - SCLTF STOCK NEWS

Searchlight Resources Inc. (TSXV: SCLT) (OTCQB: SCLTF) announces a private placement financing of Critical Mineral Exploration flow-through units, issuing up to 10,000,000 units at $0.03 per unit for proceeds of $300,000. Each unit includes a Critical Mineral Exploration flow-through share and one-half of a transferable common share purchase warrant. The company also plans to pay finder's fees and intends to use the proceeds for exploration expenditures on its Critical Mineral properties.

Searchlight Resources Inc. has released the results of a petrographic study of samples from the Hot Ridge and Yellow Brick Road occurrences at the Kulyk Lake Rare Earth/Uranium project. Monazite, a rare earth ore mineral, was identified in four of the five thin sections, with concentrations up to 2%. The study confirms that rare earth mineralization on the Kulyk Lake claims is more extensive than previously known. The company also found anomalous uranium and hafnium values in the samples. In addition, a geological team completed follow-up prospecting and mobile metal ion sampling, and airborne surveys are being conducted in the Daly Lake area. The exploration has identified a large area of pegmatites with the potential for hosting additional rare earth and critical metal targets.

Searchlight Resources Inc. has begun field exploration at the Duddridge Lake Uranium Deposit and plans to conduct a detailed MMI survey to acquire additional data for a near-term drill program. The deposit has a known historical inferred mineral resource of 227,880 tonnes with a grade of 2.14 lbs/tonne U3O8.

Searchlight Resources Inc. begins field exploration on Kulyk Lake Rare Earth/Uranium project, prospecting reveals high values of Rare Earths and Uranium

Searchlight Resources completes NI 43-101 Technical Report for Kulyk Lake project, highlighting historic exploration and future potential

Searchlight Resources Inc. (TSXV:SCLT)(OTCQB:SCLTF) has secured TSX Venture Exchange approval to acquire a 25% interest plus a 1.0% NSR in the Bootleg Lake Gold property from New Moon Minerals Corp. The acquisition will be executed through the issuance of 6,000,000 common shares of Searchlight, which will be subject to a four-month hold period. The Bootleg Lake Gold property is strategically located in Saskatchewan, a top-ranked area for mining investment in Canada, and aligns with Searchlight's focus on battery minerals and gold exploration.

Searchlight Resources Inc. (TSXV:SCLT)(OTCQB:SCLTF) recently announced the acquisition of a 25% interest in the Bootleg Lake Gold property from New Moon Minerals Corp., approved by shareholders on March 16, 2023. This deal grants Searchlight 100% ownership of the Bootleg Lake property, located near Flin Flon, Manitoba. To complete the transaction, Searchlight will issue 6,000,000 common shares to New Moon, pending TSX acceptance. The Bootleg property includes multiple high-grade gold targets and benefits from established infrastructure. This acquisition simplifies ownership and supports further exploration in the promising Flin Flon Gold Camp.