Completion of a Non-Brokered Private Placement


January 11, 2007

January 11, 2007 - VANCOUVER, BRITISH COLUMBIA – Further to a news release of December 12, 2006, the Company is pleased to report the completion of a non-brokered private placement of 800,000 Flow-Through Units at a price of $0.15 per unit with each unit consisting of one flow-through share and one share purchase warrant, such warrant being exercisable into an additional non flow-through share for one year at a price of $0.30. Shares issued as a result of this private placement together with any shares issued as a result of the exercise of warrants will be subject to a four month hold period expiring April 7, 2007.

 

ON BEHALF OF THE BOARD OF DIRECTORS

 

Conrad Swanson, President

 

For further information, please contact:

 

Doug Kerr
Gold Reach Resources
Telephone: 604-718-5454
Toll Free 888-500-4587
Facsimile: 604-646-2054
Email: doug@goldreachresources.com
Web: www.goldreachresources.com