A flashlight for use with a pistol, the pistol having a trigger guard and a mounting rail. The flashlight includes an elongated housing having a white light source and an IR light source at one end thereof, and paddle switches at an opposing end. A selector switch is operable for controlling an operational mode of said flashlight wherein first and second color indicator lights correspond to the white and IR lights sources. The first and second color indicators are operable for visually indicating the current operating mode of the flashlight.