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• Drill program of 5 drill holes totaling 1,000 metres.
• Verifying historical drilling and known mineralized zones.

Vancouver, British Columbia--(Newsfile Corp. - September 9, 2026) - Searchlight Resources Inc. (TSXV: SCLT) (OTC Pink: SCLTF) ("Searchlight" or the "Company") is pleased to announce that a diamond drill rig and geological team are being mobilized to the Robinson Creek Gold project, located approximately 16 km west of Creighton, Saskatchewan and Flin Flon, Manitoba.

Searchlight is mobilizing for a drill program of 5 diamond drill holes totaling approximately 1,000 metres that is designed to verify historic drilling and confirm gold mineralization. The Company has compiled data from 70 historical drill holes (totaling 9,618 metres) from the 1940s and 1980s and has recently completed a summer surface program aimed at locating these past drill hole locations and providing data for the drill program.

"We are excited to start drilling at Robinson Creek to verify historical drilling and known mineralized zones. The planned drilling program is intended to provide modern drill data that are part of the next step in defining a gold deposit at Robinson Creek," stated Stephen Wallace, Searchlight's CEO. "Given the current gold price environment, the Robinson Creek project is becoming an increasingly important asset to Searchlight and its shareholders."

The Robinson Creek Gold project consists of 2 claims covering 2.9 square km, located approximately 15 km northwest of Searchlight's Bootleg Lake Gold claims (Map 1). It is a structurally controlled mesothermal lode gold system comprising three gold zones - the Vein, Bleiler, and Quartz Zones - over a strike length of approximately 1 km along the Mosher Lake Shear Zone.

Robinson Creek Highlights

• Initial Exploration Target ranges from 2 - 3 million tonnes with grades between 1.20 g/t -1.60 g/t gold. Amenable to open-pit mining.
• Located 16 km west of Creighton, Saskatchewan and Flin Flon, Manitoba, and 15 km from Searchlight's Bootleg Lake brownfield mine site.
• Compilation of 70 historical drill holes (totaling 9,618 metres) from the 1940s and 1980s.
• Historical drill holes and geophysics outline a zone of mineralization extending at least 1,000m along the Mosher Lake Shear Zone.
• Recent airborne magnetic surveys have outlined exploration potential along strike and south of the known zones.
• 60 drill holes have gold intersections greater than 1.0 g/t gold.
• 45 gold intersections have greater than 2.0 g/t gold over at least one metre.
  • Multiple wide gold intersections:
  • 2.46 g/t gold over 57.60 m in DDH 81-2
  • 7.59 g/t gold over 10.94 m in DDH HB-6
  • 3.80 g/t gold over 21.00 m in DDH R07-1
  • 2.15 g/t gold over 32.00 m in DDH 81-1

Disclaimer Drill Compilation: Management cautions that the presented drill sample results are historical in nature, and Searchlight has not undertaken any independent investigation of the sampling, nor has it independently analyzed the results of the previous exploration work to verify the results. Searchlight considers these sample results relevant, as the Company uses historical reports and sample results to evaluate and plan future exploration programs. All drill intercepts are drill-indicated lengths. Insufficient technical information exists to demonstrate the true widths of these intersections. The technical information is derived from public documents available through the Saskatchewan Government Ministry of Energy and Resources.

Disclaimer Initial Exploration Target: The potential quantity and grades are conceptual in nature. There has been insufficient exploration drilling to define a mineral resource and it is uncertain if further exploration will result in the Exploration Target being delineated as a mineral resource.

Grant of Options

Searchlight announces that it has granted incentive stock options to officers, directors, advisors and consultants under its Stock Option Plan entitling them to purchase an aggregate of up to 1,100,000 common shares of the Company. The stock options will vest immediately and are exercisable on or before September 09, 2031, at a price of $0.105 per share.

Map 1. Location of Robinson Creek and Bootleg Lake gold projects.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9828/313571_aa4ef6c264e06947_002full.jpg

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) (OTC Pink: SCLTF) is a Canadian mineral exploration and development company focused on gold in Saskatchewan, Canada, which has been ranked as one of the top 10 locations in the world for mining investment by the Fraser Institute.

Searchlight is pursuing a business plan to develop a consolidated gold mining operation centered on its Rio Gold Mine, a historic brownfield site, with upside potential from the current drilling on the Robinson Creek gold property, the new zones discovered at the Henning Maloney Mine, and now the Mari Lake high-grade property.

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:

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.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/313571