VANCOUVER, BC, June 9, 2026.

Vancouver, British Columbia, June 9, 2026 – Searchlight Resources Inc. (“Searchlight” or the “Company”) (TSXV: SCLT, US: SCLTF) announces a non-brokered private placement financing of up to 11,000,000 Units consisting of one common share and one full purchase warrant at a price of $0.10 per unit (the “Offering”). Each warrant will entitle the holder to purchase one common share at $0.15 per share for a period of 3 years from the date of issue.

Searchlight intends to use the gross proceeds of up to $1,100,000 of the Offering to fund exploration expenditures on its portfolio of mineral properties and for general working capital.

Closing of the proposed Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including approval from the TSX Venture Exchange. Finders fees may be payable in connection with this private placement. All the securities issuable will be subject to a four-month hold period from the date of closing.

On behalf of the Board of Directors,

“Stephen Wallace”

SEARCHLIGHT RESOURCES INC.

Stephen Wallace, President, CEO and Director

For further information, visit the Company’s website at www.searchlightresources.com or contact:

Searchlight Resources Inc.

Alf Stewart, Chairman
(604) 331-9326
info@searchlightresources.com