Searchlight Resources Inc: Searchlight Resources Stakes Additional Claims on the Kulyk Lake Critical Rare Earth Project including 7.64% Dysprosium Oxide ( Dy2O3) "The Kulyk Lake high-grade rare earth target represents a significant opportunity for Searchlight, with the increased interest by Canadian Federal and Provincial governments in rare earth elements, particularly the critical elements Neodymium and Dysprosium. Saskatchewan is also developing Canada's first Rare Earth Processing Facility at the Saskatchewan Research Council in Saskatoon, which further advances rare earth development in Canada", stated Stephen Wallace, President and CEO of Searchlight. Searchlight acquired the project by staking as part of the Company's systematic evaluation of exploration targets in Saskatchewan. Historically, the Kulyk Lake area had been explored for uranium, followed by preliminary rare earth exploration in 2009 and 2010.