Gold Reach Increases And Closes Non-Brokered Private Placement


December 28, 2007

Vancouver, British Columbia: Gold Reach Resources Ltd. (GRH: TSX-V) ("Gold Reach" or the "Company") is pleased to announce that it has closed the non-brokered private placement (the “Private Placement”) previously announced on December 7, 2007 for an increased aggregate of 6,658,364 units (the “Units”) at a purchase price of $0.15 per Unit for total gross proceeds to the Company of $998,755.

Each Unit consists of one common share of the Company, issued on a flow-through basis under the Income Tax Act (Canada), and one half of one non transferable common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to purchase one non-flow-through common share of the Company at a purchase price of $0.25 per share for a period of one year from closing of the Private Placement.

Finders’ fees were paid to certain finders, as set out below, in cash and non-transferable common share purchase warrants (the “Finder’s Warrants”). Each whole Finder’s Warrant entitles the holder to purchase one non-flow-through common share of the Company at a purchase price of $0.25 per share for a period of one year from closing of the Private Placement. A finder’s fee was paid to Canaccord Capital Corporation in the amount of $53,456.24 and 472,499 Finder’s Warrants and to Limited Market Dealer Inc. in the amount of $12,500 and 166,666 Finder’s Warrants. A due diligence fee of $6,250 plus GST was also paid to Limited Market Dealer Inc.

All of the common shares and warrants issued to the purchasers and the finders are subject to a four month hold period which expires on April 28, 2008.

About Gold Reach:

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

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
Email: doug@goldreachresources.com
Web: www.goldreachresources.com