Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - Searchlight Minerals Corp. - Exhibit 10.1

FIRST AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT

This First Amendment to the Executive Employment Agreement
dated February 16, 2007 between SEARCHLIGHT MINERALS CORP., a Nevada
corporation, (the “Company”) and IAN R. MCNEIL (the “Executive”).

WHEREAS:

A.      The Company and the Executive
entered into an Executive Employment Agreement dated January 1, 2006 (the
“Employment Agreement”), pursuant to which the Executive agreed to act as Chief
Executive Officer and President of the Company and to provide his services to
the Company upon the terms and conditions as set forth in the Employment
Agreement.

B.      The Company has agreed to
increase the salary of the Executive to $190,000 US per year on the terms and
conditions set out herein.

NOW, THEREFORE, in consideration of covenants and
agreements set out herein and the sum of $10.00 paid by the Executive to the
Company, the receipt and sufficiency of which are hereby acknowledged, the
parties agree to amend the terms of the Employment Agreement as follows:

	1. 	
      Definitions. Except as otherwise set out herein,
      capitalized terms used in this Agreement shall have the same meaning as
      specified in the Employment Agreement. 

	  	
       

	2. 	
      Amendment. Section 4.1 of the Employment Agreement
      is replaced in its entirety with the following: 

	  	
       

		
      “4.1    
       Salary. During the Employment Term, the Company
      shall pay the Executive in installments according to the Company’s regular
      payroll practice, a Salary at the annual rate of $190,000 US per year.”
      

	  	
       

	3. 	
      No Other Modification. The parties confirm that
      the terms, covenants and conditions of the Employment Agreement remain
      unchanged and in full force and effect, except as modified by this
      Agreement. 

	  	
       

	4. 	
      Counterparts. This Agreement may be executed in
      two or more counterparts, each of which shall constitute an original, but
      all of which, when taken together, shall constitute but one instrument,
      and shall become effective when one or more counterparts have been signed
      by each party hereto and delivered to the other parties. 

	  	
       

	5. 	
      Successors and Assigns. Except as otherwise
      expressly provided herein, the provisions hereof shall inure to the
      benefit of, and be binding upon, the successors, assigns, heirs, executors
      and administrators of the parties hereto. 

	  	
       

	6. 	
      Entire Agreement. This Agreement constitutes the
      full and entire understanding and agreement between the parties with
      regard to the subject hereof. 

1

	7. 	
      Independent Legal Advice. The Executive
      acknowledges and agrees that O’Neill Law Group PLLC has acted solely as
      legal counsel for the Company and the Executive has been recommended to
      obtain independent legal advice prior to execution of this
    Agreement.

IN WITNESS WHEREOF, the parties have duly executed and
delivered this Agreement as of the date first written above.

SEARCHLIGHT MINERALS CORP. 
by its authorized
signatory:

/s/ C. Ager

   Signature of Authorized Signatory

Carl S. Ager

  Name of Authorized Signatory

VP, Treasurer

  Position
of Authorized Signatory

SIGNED, SEALED AND DELIVERED 
BY IAN R. MCNEIL 
in
the presence of:

	/s/ Roberta Marzocchi	 	 
	Signature of Witness 	 	  
	 	 	 
	120-2441 W. Horizon
      Ridge PKWY, Anderson, Nevada 89052	 	/s/ Ian R. McNeil
	Address of Witness 	 	IAN R. MCNEIL 

2Filed by Automated Filing Services Inc. (604) 609-0244 - Searchlight Minerals Corp. - Exhibit 10.2

FIRST AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT

This First Amendment to the Executive Employment Agreement
dated February 16, 2007 between SEARCHLIGHT MINERALS CORP., a Nevada
corporation, (the “Company”) and CARL S. AGER (the “Executive”).

WHEREAS:

A.      The Company and the Executive
entered into an Executive Employment Agreement dated January 1, 2006 (the
“Employment Agreement”), pursuant to which the Executive agreed to act as
Treasurer and Secretary of the Company and to provide his services to the
Company upon the terms and conditions as set forth in the Employment
Agreement.

B.      The Company has agreed to
increase the salary of the Executive to $160,000 US per year on the terms and
conditions set out herein.

NOW, THEREFORE, in consideration of covenants and
agreements set out herein and the sum of $10.00 paid by the Executive to the
Company, the receipt and sufficiency of which are hereby acknowledged, the
parties agree to amend the terms of the Employment Agreement as follows:

	1. 	
      Definitions. Except as otherwise set out herein,
      capitalized terms used in this Agreement shall have the same meaning as
      specified in the Employment Agreement.

	2. 	
      Amendment. Section 4.1 of the Employment Agreement
      is replaced in its entirety with the following:

“4.1     
  Salary. During the Employment Term, the Company shall pay the
  Executive in installments according to the Company’s regular payroll practice,
  a Salary at the annual rate of $160,000 US per year.”

	3. 	
      No Other Modification. The parties confirm that
      the terms, covenants and conditions of the Employment Agreement remain
      unchanged and in full force and effect, except as modified by this
      Agreement.

	 	 
	4. 	
      Counterparts. This Agreement may be executed in
      two or more counterparts, each of which shall constitute an original, but
      all of which, when taken together, shall constitute but one instrument,
      and shall become effective when one or more counterparts have been signed
      by each party hereto and delivered to the other parties.

	 	 
	5. 	
      Successors and Assigns. Except as otherwise
      expressly provided herein, the provisions hereof shall inure to the
      benefit of, and be binding upon, the successors, assigns, heirs, executors
      and administrators of the parties hereto.

	 	 
	6. 	
      Entire Agreement. This Agreement constitutes the
      full and entire understanding and agreement between the parties with
      regard to the subject hereof.

1

	7. 	
      Independent Legal Advice. The Executive
      acknowledges and agrees that O’Neill Law Group PLLC has acted solely as
      legal counsel for the Company and the Executive has been recommended to
      obtain independent legal advice prior to execution of this
    Agreement.

IN WITNESS WHEREOF, the parties have duly executed and
delivered this Agreement as of the date first written above.

SEARCHLIGHT MINERALS CORP.
 by its authorized
signatory:

/s/ Ian R. McNeil

  Signature
of Authorized Signatory

Ian R. McNeil

  Name of
Authorized Signatory

President & CEO

  Position
of Authorized Signatory

SIGNED, SEALED AND DELIVERED 
BY CARL S. AGER 
in
the presence of:

	/s/ Roberta Marzocchi	 	 
	Signature of Witness 	 	  
	 	 	 
	120-2441 W. Horizon Ridge PKWY, Anderson, Nevada 89052	 	/s/ Carl S. Ager
	Address of Witness 	 	CARL S. AGER

2Filed by Automated Filing Services Inc. (604) 609-0244 - Searchlight Minerals Corp. - Exhibit 10.3

FIRST AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT

This First Amendment to the Executive Employment Agreement
dated February 16, 2007 between SEARCHLIGHT MINERALS CORP., a Nevada
corporation, (the “Company”) and MELVIN L. WILLIAMS (the
“Executive”).

WHEREAS:

A.      The Company and the Executive
entered into an Executive Employment Agreement dated June 14, 2006 (the
“Employment Agreement”), pursuant to which the Executive agreed to act as Chief
Financial Officer of the Company and to provide his services to the Company upon
the terms and conditions as set forth in the Employment Agreement.

B.      The Company has agreed to
increase the salary of the Executive to $130,000 US per year on the terms and
conditions set out herein.

NOW, THEREFORE, in consideration of covenants and
agreements set out herein and the sum of $10.00 paid by the Executive to the
Company, the receipt and sufficiency of which are hereby acknowledged, the
parties agree to amend the terms of the Employment Agreement as follows:

	1. 	
      Definitions. Except as otherwise set out herein,
      capitalized terms used in this Agreement shall have the same meaning as
      specified in the Employment Agreement.

	 	 
	2. 	
      Amendment. Section 4.1 of the Employment Agreement
      is replaced in its entirety with the following:

“4.1 Salary. During the Employment
  Term, the Company shall pay the Executive in installments according to the Company’s
  regular payroll practice, a Salary at the annual rate of $130,000 US per year,
  based on 600-800 hours per year expended by the Executive on the performance
  of the duties outlined in Section 3.1 of this Agreement.” 

	3. 	
      No Other Modification. The parties confirm that
      the terms, covenants and conditions of the Employment Agreement remain
      unchanged and in full force and effect, except as modified by this
      Agreement.

	 	 
	4. 	
      Counterparts. This Agreement may be executed in
      two or more counterparts, each of which shall constitute an original, but
      all of which, when taken together, shall constitute but one instrument,
      and shall become effective when one or more counterparts have been signed
      by each party hereto and delivered to the other parties.

	 	 
	5. 	
      Successors and Assigns. Except as otherwise
      expressly provided herein, the provisions hereof shall inure to the
      benefit of, and be binding upon, the successors, assigns, heirs, executors
      and administrators of the parties hereto.

	 	 
	6. 	
      Entire Agreement. This Agreement constitutes the
      full and entire understanding and agreement between the parties with
      regard to the subject hereof.

1

	7. 	
      Independent Legal Advice. The Executive
      acknowledges and agrees that O’Neill Law Group PLLC has acted solely as
      legal counsel for the Company and the Executive has been recommended to
      obtain independent legal advice prior to execution of this
    Agreement.

IN WITNESS WHEREOF, the parties have duly executed and
delivered this Agreement as of the date first written above.

SEARCHLIGHT MINERALS CORP. 
by its authorized
signatory:

 /s/ Ian R. McNeil

    Signature of Authorized Signatory

Ian R. McNeil

   Name of Authorized Signatory

President & CEO

  Position of Authorized Signatory

SIGNED, SEALED AND DELIVERED 
BY MELVIN L. WILLIAMS

in the presence of:

	/s/ Roberta Marzocchi	 	 
	Signature of Witness 	 	  
	 	 	 
	120-2441 W. Horizon Ridge PKWY, Anderson, Nevada 89052	 	/s/ Melvin L. Williams
	Address of Witness 	 	MELVIN L. WILLIAMS 

2

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