Expands Mari Lake claims from 4.8 sq km to 43.1 sq km
Expands exposure from 3.1 km to 7.0 km along the Kississing River Shear Zone
All claims acquired by staking, 100% held, no royalties
Exploration plans to fly high-resolution magnetic survey
Vancouver, British Columbia--(Newsfile Corp. - July 14, 2026) - Searchlight Resources Inc. (TSXV: SCLT) (OTC Pink : SCLTF) ("Searchlight" or the "Company") is pleased to announce that the Company has staked an additional 38.3 sq km of claims on the Mari Lake high-grade gold project located approximately 30 km north of Creighton, Saskatchewan and Flin Flon, Manitoba, and 40 km north of the Company's Bootleg Lake Gold Project (Map 1).
Recent claim staking has increased the Mari Lake project to 43.1 sq km from the original 4.8 sq km, with all claims acquired through cost-effective staking. Searchlight holds a 100% interest in these claims, with no royalties.
The new claims also increase Searchlight's exposure along the Kississing River Shear Zone which hosts the known high-grade gold occurrences, from 3.1 km to 7.0 km (Map 2). The Company is planning a high-resolution airborne magnetic survey to highlight the Kississing River Shear Zone and other geological structures related to the high-grade gold mineralization.
"With these new claims, Searchlight consolidates its exploration position in the Mari Lake area, allowing the Company to now begin exploration with a geological site visit and airborne magnetic survey, in preparation for winter drilling," stated Stephen Wallace, Searchlight's CEO. "This will augment Searchlight's exploration plans which already include a drill program on the Robinson Creek project."
Mari Lake Gold Project Highlights
Mari Lake is a high-grade gold project with the following highlights from historical exploration completed between 1945 and 1986:
22 drillholes, 39 trenches and several pits. Multiple reports of visible gold.
Gold mineralized structure over 700 metres in length.
Drill hole samples of 0.85 oz/ton Au over 2.8 feet and 0.52 oz/ton Au over 2.5 feet, with visible gold.
Trench samples of 1.28 oz/ton Au over 10 feet and 0.50 oz/ton Au over 6.0 feet, with visible gold.
Pit samples of 2.98 oz/ton Au and 1.41 oz/ton Au.
Grab samples of 2.48 oz/ton Au and 1.1 oz/ton Au, with visible gold.
The claims are located 6 km from the hydroelectric power line between Flin Flon and the Island Falls Hydroelectric Station. They claims can be accessed by air from Flin Flon or by bush road to Mari Lake, and then by boat to the project area.