On 04/01/2008, Searchlight Minerals Corp. announced that they will be unable to file their next 10-K by the deadline required by the SEC.

Searchlight Minerals Corp. (OTCBB: SRCH) announced a private placement of 3,125,000 units at $1.60 per unit for gross proceeds of up to $5 million on December 12, 2007. The company will issue 1,875,000 units to accredited investors pursuant to Regulation D and 1,250,000 units to non-United States persons pursuant to Regulation S. Each unit will consist of one common share and one half of one warrant. Each warrant will entitle the holder to purchase one additional common share at a price of $2.40 for a period of up to two years from the date of issuance. The company may issue to licensed brokers or investment dealers, or other qualified finders, common shares equal to 5% of the total number of units issued by such finders, as a commission.

Searchlight Minerals Corp. (OTCBB: SRCH) announced a private placement of 3,125,000 units at $1.60 per unit for gross proceeds of $5 million on December 12, 2007. Each unit will consist of one common share and one half of one warrant. Each warrant will entitle the holder to purchase one additional share at $2.40 for a period of two years from the closing. The units will be issued to Arlington Group Limited pursuant to regulation S.