FOCUS ON

SASKATCHEWAN

CORPORATE PRESENTATION

October,19 2022

TSX . V:SCLT | US:CNYCF | FSE:2CC2

Forward Looking Statements

All statements in this document regarding exploration projects for Searchlight Resources Inc. ("Searchlight", or "SCLT"), other than statements of historical fact, are "forward-looking information" with respect to Searchlight within the meaning of applicable Canadian securities laws, including statements that address future mineral production, reserve potential, exploration drilling, the current or future price of commodities, potential quantity and/or grade of minerals, potential size of a mineralized zone, potential expansion of mineralization, the timing and results of future resource estimates, or other study, proposed exploration and development of our exploration properties and the estimation of mineral resources. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases, or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Searchlight to differ materially from those anticipated in such forward-looking information. Stephen Wallace, PGeo., is the designated qualified person for Searchlight within the meaning of National Instrument 43-101 and has reviewed and approved the technical information contained in this document for the Searchlight exploration projects.

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Management & Directors- over 150 years of Mining and Finance experience

Stephen Wallace P.Geo. President, CEO & Director

Stephen Wallace, P.Geo., (APGO, APEGS) brings more than 35 years of successful mineral exploration and development experience from grassroots and greenfield evaluation through to mine development throughout Canada and internationally. Exploring for a wide range of commodities, Stephen has held management and technical positions with government agencies, and major and junior resource companies including Goldcorp, BHP and Noranda and in multiple executive roles for junior exploration companies over the past 15 years. As Senior VP Exploration and director of Trade Winds Ventures (TSXV:TWD), he contributed and increased the value of the company for its $84 Million buyout by Detour Gold Inc; he followed as President and CEO of Castle Resources Inc.

Alf Stewart, B.SC Hons. Geology, MBA Chairman, VP

Corporate Development & Director

Alf Stewart has a career spanning over 40 years in the resource and investment industries as as a geologist, securities regulator, investment banker, analyst and investment advisor for firms including Bank of Montreal, Esso Minerals, Erickson Gold Mining, Canaccord Capital, Haywood Securities, and Raymond James. Hie has been involved with over $200 million of mining finance with multiple discoveries in the uranium, base- and precious metals sectors.

Bruce Fair, Independent Director

Robert Bruce Fair holds an Honours degree from the University of Saskatchewan and is President and founder of Mench Capital Corp., credited with contributing to or originating in forming greater than $500M+ in private and public equity transactions over the past 22 years. He has served on multiple private and public company Boards as an independent Director including Maple Leaf Flow-Through Limited Partnerships (2009-2016), Sky Energy Partners GP Corp. (2012-2020), Nationwide Self Storage Trust I, Maple Leaf Energy Income Limited Partnerships (2009-2016), Maple Leaf Resource Corp, Richfield Ventures Inc., Orsa Ventures Corp., and Cliffmont Resources Ltd. Currently, Mr. Fair is acting President and CEO of Cordillera Minerals Group Ltd.

John Kerr, P.Eng. Geologist Independent Director

Mr. Kerr graduated from the University of British Columbia in 1964 with a Bachelor of Applied Science (BASc) degree in Geological Engineering. In the mining industry continuously since graduation as an exploration geologist, Mr. Kerr's successful ventures include recognition and discovery of the Santa Fe gold mine, identification of the Calvada gold mine, and discovery of the Mindora gold/silver deposit, all located in Nevada. Mr. Kerr has served as a director of numerous public companies and is currently a Director of Quaterra Resources (TSX.V: QTA), Eureka Resources (TSX-V:EUK), and Bravada Gold Corp (TSX-V:BVA).

Peter Dueck P.Geo. MBA Independent Director

Peter Dueck has been involved in the resource exploration industry since 2001, working with a variety of gold, copper, zinc and uranium companies. Until early 2018, he held the position of Chief Geophysicist for Hudbay Minerals Inc. in Flin Flon, Manitoba. In addition, Mr. Dueck was President of Pioneer Aerial Surveys Ltd. and founder of Aerial Imaging Resources Inc. (AIR), a UAV-based geophysical survey company. Mr. Dueck was also VP Geophysics and Geomatics at Axiom Exploration and is currently the Head of Applied Geophysics for GoldSpot. Mr. Dueck holds a B.Sc. in Geophysics from the University of Saskatchewan as well as an MBA from the University of Wales.

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Searchlight Resources ─ TSX Venture Listed Exploration Company

Management team has experience in significant

Gold and Uranium discoveries

Compelling portfolio of mining assets including

Rare Earths, Uranium, Gold, Nickel and Copper-

Zinc VMS

Exploration targets high-demand commodities used in clean technology aiming to achieve global decarbonization

Exploring in Saskatchewan, Canada's #1

jurisdiction for mining investment in 20211

LATEST NEWS: anomalous concentrations of rare earth and uranium oxides in pegmatite samples

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1

The Fraser Institute

Searchlight's Take on Critical Elements Vulnerable to Shortages

3 Li

Lithium

6.914

28 Ni

Nickel

58.693

27 Co

Cobalt

58.933

Future Market Shortages of Energy Metals

Lithium ─ has quadrupled in price since 2021, which has stimulated a supply response from the mining industry in exploration, development, and production.

Nickel ─ Elon Musk has publicly called on the mining industry to supply more nickel in a form suitable for electric vehicle batteries

Cobalt ─ a highly sought-after battery material from sources often having environmental, social and governmental issues, and exists as a by-product supply market rather than a primary one; consequently, battery makers are re-engineering battery chemistry to exclude cobalt.

Rare Earth Elements ─ also considered critical ─ are vulnerable to market shortages, with China currently sitting as both main supply and demand in the global market.

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Searchlight Resources Inc. published this content on 20 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 October 2022 13:19:01 UTC.