On May 16, 2017, Carl Ager resigned as a director of Searchlight Minerals Corp., effective immediately. Mr. Ager also alleged that he was terminated as vice president, secretary and treasurer without cause by the company as a result of the company's failure to pay his salary, which he believes constitutes a material breach of his employment agreement. The company disputes this allegation. Further, Mr. Ager has informed the company that his resignation as a director was due to material disagreements with the management of the company.