Searchlight Resources Inc. announced that field exploration is underway on the Company's Kulyk Lake Rare Earth Element ("REE") project, located approximately 165 kilometres north of La Ronge, Saskatchewan, and 65 km south of the Key Lake Mine. A geological team is presently on the Kulyk Lake REE property, prospecting, mapping and sampling to confirm and expand the 2009 and 2010 reported results. The Kulyk Lake claim block covers 105.4 sq km over a 35-km length, covering 21 REE showings including the Kulyk Lake target. Historically, the Kulyk Lake area had been explored for uranium, followed by preliminary REE exploration in 2010 when REE prices spiked. The results presented 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 in order to verify the results. Searchlight considers these sample results relevant as the Company uses historical reports to evaluate historic sample results as a guide to plan future exploration programs.