Mr. James Elbert reports

GOLDREA ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Goldrea Resources Corp. has arranged a non-brokered private placement to raise up to $600,000 with the offering of:

• Up to 6,818,181 flow-through units at 4.4 cents each, with each FT unit composed of one flow-through common share and half of a non-flow-through common share purchase warrant with an exercise price of six cents for a period of two years; and
• Up to 10 million units at three cents each, with each unit composed of one common share and one full common share purchase warrant with an exercise price of six cents for a period of two years.

Proceeds from the private placement will be used to finance the company's exploration program, as well as to finance general administration expenses. All securities sold under the private placement will be subject to a four-month hold period. Finders' fees may be paid in connection with the offering.

Goldrea has commissioned a National Instrument 43-101-compliant report about its mineral property in the Golden Triangle area of northwestern British Columbia. This report, which is near completion, will provide a road map for the company's work programs for the next two seasons. As Goldrea's property covers an extensive area (approximately 8500 hectares, including a recently acquired mineral claim with 3,500 hectares bordering Seabridge's Snip North property), certain areas will be prioritized for specific fieldwork. Details about the coming work program will be provided upon publication of the technical report.

Jim Elbert, chief executive officer, stated: "Goldrea's holdings in the heart of the Golden Triangle offer a myriad of opportunities for development with multiple attractive targets. We anticipate an active presence in the region this season. Our exceptional growth over the last couple of years shows Goldrea's true valuation, which is expected to be reflected in the market. We will stay on the path of developing our assets while looking for further strategic opportunities as they arise."

We seek Safe Harbor.