Searchlight Resources Inc. announce the staking of two mineral claims in the Eastern Athabasca Basin in Northern Saskatchewan. During the recent Saskatchewan claim reopening, Searchlight staked two claims totaling 43.5 square kilometres within the Athabasca Basin which hosts the highest-grade operating Uranium mines in the world. The Company staked claim MC00018586 covering 1,878.5 hectares located approximately 12 km west of Highway 905, and claim MC00018618 covering 2,468.8 hectares located approximately 2 km east of Highway 905.

Searchlight will soon begin the detailed geological evaluation of these claims, and will plan for future exploration. These claims are now part of the Searchlight's uranium project portfolio which includes the Duddridge Lake Uranium Deposit with a historic 43-101 inferred resource estimate of 227,880 tonnes, and a grade of 2.14 lbs/tonne U3O8 (Fission Energy Corp, 2007). The Duddridge project is accessible by an all- season gravel road (Highway 910) to within 10 km of the deposit, with direct access by winter road and ATV trail in summer.

Additionally, Fission sampled 39 boulders in the deposit area with results up to 1.91% uranium and 0.69% copper, plus 0.14% cobalt and 0.55% vanadium.