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Searchlight Resources Completes Field Work and Airborne Survey on Robinson Creek High-Grade Gold Project

Exploration Programs

TSXV: SCLT US: CNYCF| 604.331.9326 | 408-1199 West Pender Street, Vancouver, BC V6E 2R1 | searchlightresources.com

September 27, 2021

Searchlight Resources Completes

Field Work and Airborne Survey on

Robinson Creek High-Grade Gold Project

Vancouver, British Columbia, September 27, 2021 - Searchlight Resources Inc. (“Searchlight” or the

“Company”) (TSXV: SCLT, US: CNYCF, FSE:2CC2) has completed initial field work and an airborne

geophysics survey on the Robinson Creek Gold Project, located approximately 15 kilometres west of

Creighton, Saskatchewan, in the historic Flin Flon mining camp.

Highlights

• Completed Airborne Magnetic and Lidar surveys on Robinson Creek and Bootleg Lake projects

• Located surface showings of Vein, Bleiler, and Quartz Zones at Robinson Creek

• Located historical drill core at Robinson Creek

During the 2021 summer field season, a geological team completed an initial visit to the Robinson Creek

project area to sample and confirm the surface location of the Vein, Bleiler, and Quartz Zones. During

the field examination, drill core from the 1980s drill programs was located. Many of the core boxes have

deteriorated, but it is estimated that 30% to 50% of the core may be salvageable. The Company is

evaluating the possibility of re-boxing this core for future evaluation.

Concurrent with the field work, Airborne Triaxial Magnetic Gradiometer and Lidar surveys were carried

out over the entire Robinson Creek property and a section of the Bootleg Lake project covering the 4

past-producing gold mines . The results of the field work and airborne surveys are expected to be

received in October. In addition, detailed compilation of the 70 drill holes at Robinson Creek is underway

and will be used along with the geophysical data for drill planning on this project.

"We look forward to initiating a drilling program at Robinson Creek in the first quarter of 2022 to verify

the high grade and extensive gold assays previously reported on this property. This is an accessible

and strategic area for Searchlight", stated Stephen Wallace, Searchlight’s CEO.

TSXV: SCLT US: CNYCF| 604.331.9326 | 408-1199 West Pender Street, Vancouver, BC V6E 2R1 | searchlightresources.com

The Robinson Creek Gold Project consists of 7 claim blocks covering 1.84 square kilometres located

approximately 15 kilometres northwest of Searchlight’s Bootleg Lake claims (Map 1). The Robinson

Creek target area lies within a structurally controlled mesothermal lode gold system, with considerable

historical exploration which includes geologic mapping, trenching, soil surveys, airborne and ground

geophysical surveys, and over 70 diamond drill holes. The Robinson Creek target comprises three

gold zones - the Vein, Bleiler, and Quartz Zones - over a strike length of approximately 1 km.

Map 1: Location Map of Robinson Creek Claims

Qualified Person

Stephen Wallace, P.Geo., is Searchlight's Qualified Person within the meaning of National Instrument

43-101 and has reviewed and approved the technical information contained in this news release.

About Searchlight Resources Inc.

Searchlight Resources Inc. (TSXV:SCLT, US:CNYCF, FSE:2CC2) is a Canadian mineral exploration

and development company focused on Saskatchewan, Canada, which has been ranked as the top

TSXV: SCLT US: CNYCF| 604.331.9326 | 408-1199 West Pender Street, Vancouver, BC V6E 2R1 | searchlightresources.com

location for mining investment in Canada by the Fraser Institute. Exploration focus is on gold and battery

minerals throughout the Province, concentrating on projects with road access.

Searchlight holds a 427.6 square kilometre land position within the gold and base metal rich Flin Flon -

Snow Lake Greenstone Belt. The Company is currently advancing its Bootleg Lake Gold Project which

hosts four past producing high-grade gold mines, located in Saskatchewan, less than 10 km from Flin

Flon, Manitoba.

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, Chairman

(604) 331-9326

[email protected]

Forward-Looking Statements

Information set forth in this news release contains forward -looking statements that are based on

assumptions as of the date of this news release. These statements reflect management’s current

estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The

Company cautions that all forward -looking statements are inherently uncertain and that actual

performance may be affected by a number of material factors, many of which are beyond the Company’s

control. Such factors include, among other things: risks and uncertainties relating to the Company’s

limited operating history and the need to comply with environmental and governmental regulations.

Accordingly, actual and future events, conditions and results may differ materially from the estimates,

beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as

required under applicable securities legislation, the Company undertakes no obligation to publicly

update or revise forward-looking information.

TSXV: SCLT US: CNYCF| 604.331.9326 | 408-1199 West Pender Street, Vancouver, BC V6E 2R1 | searchlightresources.com

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT

TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS

RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.