Goldrea Resources Corp.: Progress Report on Gold Exploration and Development at Golden Rose

Goldrea Resources Corp. (TSX VENTURE:GOR)(PINK SHEETS:GORAF)(FRANKFURT:GOJ) (the
"Company" or "Goldrea") reports that underground development continues to
progress extremely well at the Golden Rose Mine in Shandong Province, China.


As of May 16, 2009, a total of 3,268 meters (10,722 feet) of lateral development
has been completed on five levels from the 235 meter (771 feet) deep shaft. Most
of the last 1,000 meters (3,281 feet) driven since January 1, 2009 is in known
waste adjacent to the resource, and was driven for stope development and access.
However, significant mineralization has been encountered in this work,
summarized as follows:




-----------------------------------------------------
                 Total Sample Length
Sample           --------------------   Assay   Assay 
Location          (m)             (ft)    g/t    oz/t
-----------------------------------------------------
2 Level
East #12 Xcut    1.5              4.9    1.20   0.038
-----------------------------------------------------
3 Level
West #5 Drift    6.0             19.7    1.78   0.057
-----------------------------------------------------
Includes         1.5              4.9    5.30   0.170
-----------------------------------------------------
4 Level
West #2 Drift   4.50             14.8    3.70   0.119
-----------------------------------------------------

Note: oz/ton is troy ounces per short ton (2000 lbs.); all units are metric
      unless specified otherwise. Assays were done in the Daye Mine
      Laboratory by standard Chinese methods. Goldrea has verified that
      these methods agree closely with checks run by Canadian assay labs.



Stopes are currently under development from 4 Level, with 15.3 meters (50 feet)
of raising in the 1201 Stope, and 24 meters (79 feet) of raising in the 1202
Stope. Stoping and production are expected to begin next month. Development of a
third stoping area will begin soon.


The surface stockpile now contains over 16,000 tons of material to be part of a
20,000 ton batch that will be processed in the Daye Mill.


The Company has also been in discussions with interested Chinese gold mining
companies on the potential to joint venture or a direct investment in Goldrea to
further advance the underground development in the Golden Rose resource area.
Goldrea has a 90% interest in the Daye/Goldrea project (Golden Rose area) with
the right to earn a 65% interest in the lease to the south (Ludi) from the 3rd
Brigade.


This news release was reviewed by Norm Tribe, P.Eng., a Qualified Person
recognized under NI-43-101.


GOLDREA RESOURCES CORP.

Larry W. Reaugh, President and Chief Executive Officer

This news release may contain certain "Forward-Looking Statements" within the
meaning of Section 21E of the United States Securities Exchange Act of 1934, as
amended. All statements, other than statements of historical fact, included
herein are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be
accurate, and actual results and future events could differ materially from
those anticipated in such statements. Important factors that could cause actual
results to differ materially from the Company's expectations are disclosed in
the Company's documents filed from time to time with the TSX-Venture Exchange,
the British Columbia Securities Commission and the US Securities and Exchange
Commission.

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