Goldrea Resources Corp.

Goldrea Resources Corp.

June 02, 2006 15:46 ET

Goldrea Resources Corp.: New Gold Zone Discovered at Dongjingkou on the Westward Extensions of the Daye Structure


The latest drilling on the Daye property has intersected mineralization on a new shoot at the western end of the Daye structure. Four drill holes have intersected this new zone, the Jingkou Zone, and confirm the existence of a definable mineralized zone. The assay results for the mineralized sections in these holes are as follows:

Depth (m)
------------------ Interval Averages
Hole from To (m) Au gpt (m)
ZK724 156.27 157.47 1.20 0.65 0.65 gpt/2.20 m.
ZK717 142.22 143.40 1.18 0.85
143.40 144.70 1.30 1.30
144.70 145.97 1.27 0.10
145.97 146.97 1.00 0.30
146.97 147.97 1.00 1.50
147.97 148.87 0.90 1.45
148.87 149.62 0.75 1.30
149.62 150.92 1.30 0.85
150.92 151.62 0.70 0.85 1.05 gpt/8.13 m.
ZK719 176.72 177.72 1.00 1.70
180.90 181.90 1.00 1.00 1.35 gpt/2.00 m.
ZK722 166.63 167.63 1.00 2.71
167.63 168.63 1.00 0.52
168.63 169.53 0.90 0.30
169.53 170.53 1.00 1.36
170.53 171.54 1.01 4.72
171.54 172.44 0.90 3.89 2.26 gpt/5.81 m.
172.44 173.59 1.15 0.27

This new zone is expected to add considerably to the mineral resource of the property and to the understanding of the geological parameters that control the deposition of the mineralization. This will aid in future exploration of the entire Daye structure.

The Daye structure is 4.5 kilometers long and is known to have several mineralized shoots along its length. To date three of these shoots have been drilled, the Daye Main Zone the Shijia South Zone and the East Tianjia Zone. This new zone has been named the Jingkou zone and it is 500 meters west of the West Tianjia Zone. One more shoot, as yet unexplored, is known to exist near the village of Shanxi at the eastern end of the structure. The second drill is set up and drilling on this zone. Results will be reported as they come in.

The shaft sinking towards the deeper part of the South Shijia Zone has reached the 24 meter mark and is progressing on schedule (See attached:

Mapping on the Majiakuang License some 10 km to the east of Daye has started and should be completed in about a month. This mapping is designed to define structures identified by the I.P. surveys. This area is under cultivation and the I.P. survey was done first to minimize the damage to the crops and define areas of interest.

Mapping on the Langiazhoung License, 40 km to the south, is scheduled to begin this month and will continue for about a month. This area is also under cultivation and seven drill holes were put in during the winter months to avoid damage to the crops. The results of this drilling are not yet available and will be reported as soon as the assays come in.

Geochemistry surveys are underway at the Nantangia License 60 km. south of Daye where I.P. surveys indicate the presence of sulphides.

This press release was prepared by Norm Tribe, P.Eng., a Qualified Person pursuant to National Instrument 43-101 and is the engineer supervising the ongoing exploration and development in China.


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 Toronto 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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