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Search Minerals Awarded Explorer of the Year by Canadian Institute of Mining, Metallurgy & Petroleum, Newfoundland and Labrador Chapter

November 8, 2011

VANCOUVER, Nov. 8, 2011 /PRNewswire/ – Search Minerals Inc. (“Search” or the “Company”) (TSXV: SMY) is pleased to announce that it has been awarded, along with B & A
Minerals of Port Hope Simpson, Labrador, the Explorer/Prospector of the
Year Award for Newfoundland and Labrador by the Canadian Institute of
Mining, Metallurgy and Petroleum, Newfoundland and Labrador Branch.

The Company accepted its award at the CIM Gala Awards Dinner, part of
the Mineral Resources Review Conference, which was held in St. John’s,
Newfoundland from November 3-5, 2011.

Jim Clucas, President and CEO stated; “This is an incredible honour for the Search Team.  Dr. Randy Miller, VP
of Exploration and his field team of geologists and prospectors have
done an outstanding job over the past 18 months staking and developing
the first rare earth elements district discovered by a junior company
in Canada with eight announced prospects to date.  Work is continuing
in the Port Hope Simpson REE District and we look forward to more
exciting developments including a NI 43-101 from the Foxtrot Prospect
in the near future. The Foxtrot Prospect is only one of 14 discoveries
made on Search’s large land position in Labrador in the summer of
2010.”

Exploration Program Update:
The Search ground holdings in the Port Hope Simpson REE District (926
square kilometres) form a 135 km long and 4 – 12 km wide belt and
consist of 3704 claims in 66 licenses.  To date a total of 8 REE
prospects have been discovered in the District, including: Rock Rolling
Hill, Rattling Bog Hill, Piperstock Hill, Southern Shore, Toots Cove,
Pesky Hill, HighREE Island and Foxtrot. The Foxtrot Prospect occurs in the Fox Harbour mineralized belt. Piperstock Hill, Southern
Shore, Toots Cove and Pesky Hill occur in a 13 km mineralized belt
known as the HighREE Hills. Both the Fox Harbour and HighREE Hills
mineralized belts are considered very prospective for REEs.

About Search Minerals:
Search Minerals Inc. (TSXV:SMY) is a TSX Venture Exchange listed company, headquartered in
Vancouver, B.C. Search is the discoverer of the Port Hope Simpson REE
District, a highly prospective light and heavy REE belt located in
southeast Labrador where the company controls a dominant land position
in a belt 135km long and up to 12km wide.  In addition, Search has a
number of other mineral prospects in its portfolio located in
Newfoundland and Labrador, including a number of claims in the Strange
Lake Complex, where Quest Rare Minerals has an earn-in agreement with
the Company; and at the Red Wine Complex, where Great Western Minerals
Group has an earn-in agreement with the Company. 

Furthermore, Search Minerals is the owner of patents relating to the
Starved Acid Leaching Technology (“SALT”), a process with the potential
to economically recover nickel and cobalt from known deposits currently
considered subeconomic.

Search Minerals is led by a management team and board with a proven
track record in the mining industry.  The Company has a team with deep
geological and metallurgical expertise respectively led by Dr. Randy
Miller and Dr. David Dreisinger.

All material information on the Company may be found on its website at www.searchminerals.ca and on SEDAR at sedar.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility of the adequacy or accuracy of this release.

Cautionary Statement:
The following presentation may include certain “forward-looking
statements” within the meaning of the United States Private Litigation
Reform Act of 1995 and applicable Canadian Securities Laws.  All
statements other than statements of historical fact, included in the
presentation, including without limitation, statements regarding
potential mineralization and reserves, exploration results, and future
plans and objectives of Search Minerals, are forward-looking
statements.  Words such as “expect”, “anticipate”, “estimate”, “may”,
“will”, “should”, “intend”, “believe” and other similar expressions are
forward-looking statements.  Forward-looking statements are not
guarantees of future results and conditions but rather reflect our
current views with respect to future events and are subject to risks,
uncertainties, assumption and other factors, and actual results and
future events could differ materially from those anticipated in such
statements.  There can be no assurance that such forward-looking
statements will prove to be accurate.  We base our forward-looking
statements on information currently available to us and we do not
assume any obligation to update them, except as required by law.

An additional Cautionary Note to Investors:  In the event that we use
certain terms in this presentation such as “resource”, “measured
resource”, “indicated resource” and “inferred resource”.  US investors
are cautioned that, while such terms are recognized and required by
Canadian Securities Laws, the United States Securities and Exchange
Commission does not recognize them.  Under U.S. standards,
mineralization may not be classified as a “reserve” unless the
determination has been made that the mineralization could be
economically and legally produced or extracted at the time the reserve
determination has been made.  U.S. investors should not assume that all
or any part of measured or indicated resources will ever be converted
into reserves.  In addition, “inferred resources” have a greater amount
of uncertainly as to their existence and as to whether they can be
mined legally or economically.  Accordingly, information concerning
descriptions of mineralization in the presentation may not be
comparable to information made public by companies that are subject to
the SEC’s Industry Guide 7.

All of the scientific and technical information contained herein has
been reviewed and/or prepared by Dr. Randy Miller, P.Geo, a “Qualified
Person” within the meaning of National Instrument 43-101-Standards of
Disclosure for Minerals Projects.  For further details of the Company’s
procedures and policies for data verification, the reader is referred
to the Company’s news releases and other material information available
on the Company’s website at www.searchminerals.ca or on SEDAR at www.sedar.com

SOURCE Search Minerals Inc.


Source: PR Newswire