Gold Reach Resources Ltd. announces 16.1 million tonnes Inferred Mineral Resource grading 0.30% Cu and 0.04% Mo for 100% owned Ox Lake Project


February 5, 2008

Vancouver, British Columbia: Gold Reach Resources Ltd. (GRH: TSX-V) ("Gold Reach" or the "Company") is pleased to announce that Wardrop Engineering of Vancouver has estimated an inferred mineral resource for its 100% owned Ox Lake Project situated in north central British Columbia. The estimate is based on a total of 36 diamond drill holes representing 6,530 metres. Twenty of the holes were drilled by Silver Standard Resources between 1968 and 1970 and 16 infill holes totaling 3,356 metres were drilled by Gold Reach during the 2006 – 2007 field seasons.

The mineral resource estimated by Wardrop was prepared on January 28, 2008 and includes both historical and recent drilling. The estimate was prepared using 3 dimensional block modeling software, grades were interpolated using inverse distance weighted to the second power and at least two drill holes were required within a 100m by 120m by 40m search radius to interpolate within a block. Grade interpolations were restricted to a geological wireframe representing the mineralized unit and all grades were composited to a three metre length prior to estimation.

Grades were reported based on a US dollar equivalent cut-off. The dollar equivalent calculation incorporates an assumed 85% recovery for copper and 60% for molybdenum and metal prices of $2.27 for copper and $25.46 for molybdenum. A fixed specific gravity of 2.65 was used for the resource estimate.

Based on the above data, Wardrop estimated that the Ox Lake deposit contained the following Inferred Mineral Resources at a $20 US equivalent cut-off.

Cut-off

 US$ EQ

Tonnes

CU%

MO%

$20

16,130,000

0.30%

0.04%

The Wardrop resource estimate was prepared by Dr. Gilles Arseneau, Ph.D., P. Geo. The Gold Reach drilling program was carried out under the supervision of Derrick Strickland, P. Geo. and is responsible for the contents of this news Release.

Gold Reach is reviewing other geochemical and geophysical targets in the immediate area around the Ox Lake deposit to determine the next phase of drilling for the project.

Also the Company announces the Ox Lake drill results from the 2007 drill season.

Hole

 

From (m)

 

To (m)

 

LENGTH

Cu%

Mo%

Au g/t

  Ag g/t

 

 

 

 

 

Ox07-13

 

5.00

60.00

52.50

0.12

0.012

0.033

3.9

 

 

 

 

Ox07-14

 

 

 

 

 

No significant

 results

 

 

 

 

 

 

 

 

 

 

 

 

Ox07-15

 

3.05

137.50

119.45

0.11

0.009

0.020

1.7

 

 

 

 

Ox07-15

 

152.50

167.50

12.50

0.11

0.005

0.017

1.1

 

 

 

 

Ox07-15

 

177.50

190.00

12.50

0.10

0.010

0.014

1.0

 

 

 

 

Ox07-16

 

 

 

 

 

No significant

 results

 

 

 

 

 

 

 

 

 

 

 

 

Ox07-17

 

17.50

55.00

30.00

0.12

0.009

0.011

0.6

 

 

 

 

Ox07-17

 

87.50

107.50

7.50

0.16

0.004

0.008

0.5

 

 

 

 

Ox07-17

 

117.50

187.50

47.50

0.10

0.012

0.010

0.7

 

 

 

 

Ox07-17

 

205.00

252.50

47.50

0.11

0.007

0.007

0.3

 

 

 

 

Ox07-18

 

3.05

155.00

151.95

0.17

0.021

0.023

1.6

 

 

 

 

Ox07-18

 

175.00

180.00

5.00

0.09

0.006

0.007

0.3

 

 

 

 

Ox07-19

 

17.50

27.50

10.00

0.06

0.020

0.013

0.7

 

 

 

 

Ox07-20

 

15.00

200.25

185.25

0.21

0.025

0.028

0.8

 

 

 

 

Ox07-21

 

12.50

102.50

90.00

0.17

0.011

0.034

0.2

 

 

 

 

Ox07-21

 

130.00

170.00

40.00

0.07

0.011

0.011

0.3

 

 

 

 

Ox07-21

 

190.00

202.50

12.50

0.09

0.010

0.013

0.2

 

 

 

 

Ox07-22

 

6.10

72.50

66.40

0.36

0.054

0.070

2.0

 

 

 

 

Ox07-23

 

25.00

185.00

160.00

0.14

0.014

0.025

0.4

 

 

 

 

Ox07-24

 

295.00

305.00

10.00

0.02

0.014

0.007

0.3

 

 

 

 

Ox07-25

 

 

 

 

 

No significant

results

 

 

 

 

 

 

 

 

 

 

Ox07-26

 

 

 

 

 

No significant

 results

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


About Gold Reach:

Gold Reach Resources 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 kilometres 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

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