Gold Reach Resources Ltd. (TSX.V: GRH)
June 5, 2006
June 5, 2006 - Vancouver, BC – Gold Reach Resources Ltd. (TSX.V: GRH) (the “Company”) plans to conduct a Phase III Summer work program on the “Seel Property” and therefore wishes to amend the terms of the original agreement dated December 9, 2005 with Consolidated Abaddon Resources Inc. (TSX.V: ABN) (“Consolidated Abaddon”). The Letter Agreement currently states that the Company may buy back Consolidated Abaddon’s 10% interest in exchange for the issuance of 500,000 shares. The parties wish to amend the agreement to provide that the Company be granted a right to buy back Consolidated Abaddon’s interest in exchange of 650,000 shares should Consolidated Abaddon contribute its proportionate share (i.e. 10%) to the cost of a Phase III exploration program, subject to regulatory acceptance.
Gold Reach Resources is a Canadian exploration company actively involved in the development of the “Seel” Property” a 8,446 Hectare copper gold property located 120 Km south of Houston, BC and eight miles to the east of the producing copper gold molybdenum Huckleberry Mine.
Chairman of the Board
For further information contact:
Gold Reach Resources
Toll Free 888-500-4587