Searchlight Minerals Corp. announced the appointment of John Mack as an Independent Director and the resignation of J.C. McFarland from its Board of Directors. John E. Mack has over 35 years of international banking and financial business management experience. From November 2002 through September 2005, Mr. Mack served as Senior Managing Executive Officer and Chief Financial Officer of Shinsei Bank, Limited in Tokyo, Japan. On June 7, 2012, J.C. McFarland resigned from the Company's Board of Directors to pursue other business and personal interests. There were no disagreements or conflicts between Mr. McFarland and the Company or its Board of Directors.