Gold Reach Resources Ltd. Announces Non-Brokered Flow-Through Private Placement

Gold Reach Resources Ltd. (TSX VENTURE:GRH) is pleased to announce a
non-brokered flow-through private placement (the "Private Placement") of
1,000,000 common shares at a price of $0.10 per share, raising aggregate gross
proceeds to the Company of $100,000. The common shares will be issued on a
flow-through basis under the Income Tax Act (Canada).


Proceeds from the Private Placement will be used to fund exploration costs. All
shares issued in connection with the Private Placement will be subject to a
minimum four month hold period, as well as acceptance by the TSX Venture
Exchange.


In addition, the Company announces that it will acquire Abaddon's 10% of the
Seel Property by issuing 1,000,000 shares to Consolidated Abaddon Resources Inc.
This would bring the Company's total interest in the Seel Property to 100%. This
transaction is subject to the acceptance by the TSX Venture Exchange.


Subject to regulatory acceptance of the above transactions, the Company will own
a 100% interest in the Seel Property, subject to a 2% royalty.


About Gold Reach:

Gold Reach Resources Ltd. is a Canadian exploration company actively involved in
the development of the Seel and Ox Lake projects, a 17,149.5 hectare
copper-gold-molybdenum-silver project located 120 kilometers south of Houston,
BC and eight kilometres east of the producing copper-molybdenum Huckleberry
Mine.


ON BEHALF OF THE BOARD OF DIRECTORS

Conrad Swanson, President

Safe Harbour Statement: The Company relies upon litigation protection for
"forward-looking statements."

Gold Reach Resourses Ltd Com Npv (TSXV:GRH)
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