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SCLT.V ·

Searchlight Resources lists on OTCQB Venture Market under ticker symbol SCLTF

Listings & Exchange

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

February 10, 2023

Searchlight Resources lists on OTCQB

Venture Market under ticker symbol SCLTF

Vancouver, British Columbia, February 10, 2023 - Searchlight Resources Inc. (“Searchlight” or the

“Company”) (TSXV: SCLT, US: SCLTF) is pleased to announce that on February 10, 2023, its

common shares will commence trading on the OTCQB under the symbol SCLTF. The Company's

common shares will continue to trade on the TSX Venture Exchange under the symbol SCLT.

“Searchlight’s management is pleased to commence trading on the OTCQB venture market. Listing on

the OTCQB is a significant corporate development for the Company affording the Company greater

visibility within the U.S. investment community and abroad. This additio nal exposure is expected to

enhance our liquidity and increase Searchlight’s exposure to institutional and retail investors outside of

Canada to the benefit of all its shareholders", stated Stephen Wallace, Searchlight’s CEO.

The OTCQB is a US trading platform operated by the OTC Markets Group and is the premier

marketplace for entrepreneurial and development stage U.S. and international companies committed

to providing a high-quality trading and information experience for their US investors. To be eligible,

companies must be current in their financial reporting, pass a minimum bid price test, and undergo an

annual company verification and management certification process. The OTCQB quality standards

provide a strong baseline of transparency, as well as the technology and regulation to improve the

information and trading experience for investors.

The OTCQB listing has the potential to further enhance trading volumes through an expansion of

investment advisers' ability to recommend investments to their U. S. clients. Investors can find current

financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.

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.

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

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

[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 gu arantees 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 inc lude, 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 materiall y 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.

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.