Goldrea Resources Corp.

Goldrea Resources Corp.

October 06, 2009 12:58 ET

Goldrea Resources Corp.: More High Grade in Golden Rose Underground Development

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 6, 2009) - Goldrea Resources Corp. (TSX VENTURE:GOR)(PINK SHEETS:GORAF)(FRANKFURT:GOJ) reports high grade gold mineralization has been encountered at the Golden Rose Mine in Shandong Province, China.

Total Sample Length Assay g/t Assay oz/t
Level 3 (m) (ft)
West 14 Crosscut 16.0 52.5 5.98 0.18
includes 2.0 6.6 29.25 0.85
- Note that oz/t is troy ounces per short ton (2,000 lbs (avp)), all
other units are metric unless specified otherwise. Assays were done
in the Daye Mine Laboratory by standard Chinese assaying methods.
"Goldrea has verified that these methods agree closely with checks
run by Canadian assay labs."

As of September 29, 2009, a total of 4,384 meters (14,383 feet) of lateral development has been completed on five levels from the 235 meter (771 feet) deep shaft.

Stopes are currently under development from 4 Level. Stoping is about to start in the 1201 stope and will begin in the 1202 stope early next month. Development is underway in the 1203 stope.

The surface stockpile now contains nearly 20,000 tons of material and is scheduled to be processed in the Daye Mill in mid-October.

The Company is in on-going discussions with several interested Chinese gold mining companies concerning potential joint ventures or direct investments in Goldrea to further advance the underground development and surface exploration in the Golden Rose resource area. Goldrea has a 90% interest in the Daye/Goldrea 2 project (Golden Rose area) with the right to earn a 65% interest in the lease to the south (Ludi) from the 3rd Brigade.

This news release was reviewed by Norm Tribe, P.Eng., a Qualified Person recognized under NI 43-101.


Larry W. Reaugh, President and Chief Executive Officer

This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX-Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.

The TSX-Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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