Acquisition Of The Bootleg Lake Gold Property

VANCOUVER - Searchlight Resources Inc. announced an agreement with New Moon Minerals Corp. to acquire the remaining 25% interest and 1% NSR currently held by New Moon on the Bootleg Lake Gold property. This property is located near Creighton, Saskatchewan, Canada, approximately five kilometers southwest of the city of Flin Flon, Manitoba.

The Property originally consisted of four contiguous claims staked in 2009-2010, totaling 867 hectares. It has grown through staking to the present 20 contiguous claims, totaling 4,988 hectares. The original core claims are in good standing until 2039-2040. The Property hosts four past-producing gold mines, including the Bootleg/Rio, Henning-Maloney and Newcor gold mines with historical resource estimates. In addition, there are a number of additional gold and copper occurrences on the claims.

New Moon is an arms-length party to Searchlight on the Bootleg Lake gold property, and the full acquisition by Searchlight is intended to simplify ownership and expedite further exploration. The Bootleg Lake property is located within the Flin Flon Gold Camp, and Searchlight has consolidated a significant land position, which includes the Robinson Creek Gold project, in the under-explored but very productive Archean Flin Flon Greenstone Belt.