Gold Reach Resources Ltd. Announces Non-Brokered Flow-Through Private Placement


June 4, 2008

 Vancouver, British Columbia: Gold Reach Resources Ltd. (GRH: TSX-V) is pleased to announce a non-brokered flow-through private placement (the “Private Placement”) of 1,000,000 common shares at a price of $0.10 per share, raising aggregate gross proceeds to the Company of $100,000.  The common shares will be issued on a flow-through basis under the Income Tax Act ( Canada).   

Proceeds from the Private Placement will be used to fund exploration costs.  All shares issued in connection with the Private Placement will be subject to a minimum four month hold period, as well as acceptance by the TSX Venture Exchange. 

In addition, the Company announces that it will acquire Abaddon’s 10% of the Seel Property by issuing 1,000,000 shares to Consolidated Abaddon Resources Inc.  This would bring the Company’s total interest in the Seel Property to 100%.  This transaction is subject to the acceptance by the TSX Venture Exchange. 

Subject to regulatory acceptance of the above transactions, the Company will own a 100% interest in the Seel Property, subject to a 2% royalty.

About Gold Reach:

Gold Reach Resources Ltd. 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 kilometers 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:
Gold Reach Resources
Telephone: 604-718-5454
Toll Free: 888-500-4587
Web: http://www.goldreachresources.com

Safe Harbour Statement: The Company relies upon litigation protection for “forward-looking statements.”

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.