Gold Reach Resources Ltd.
TSX VENTURE : GRH

Gold Reach Resources Ltd.

June 18, 2008 09:00 ET

Gold Reach Fully Vested on the Seel / Ox Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 18, 2008) - Gold Reach Resources Ltd. (TSX VENTURE:GRH) ("Company") is pleased to announce that the option agreement signed by Rupert Seel on October 11, 2005 has now been fully exercised. All the required cash and share payments have been made. The Company is now the sole owner of the 17,149.5 hectares property of which less than 10% has been explored and includes the Ox Moly/copper deposit.

To date the company has made significant advancements on the Ox Lake and Seel properties. The company has drilled in excess of a 100 drill holes and undertaken over 100 line kilometers of IP ground geophysics on the properties. In addition the company has completed a NI43-101 resource calculation on the Ox Lake and in currently awaiting Wardrop Engineering's report on the Seel copper-gold-silver- molybdenum resource.

Technical information in this news release has been reviewed by Derrick Strickland, P.Geo., a qualified person as defined in NI 43-101.

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 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

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.

Contact Information

  • Gold Reach Resources Ltd.
    Conrad Swanson
    President
    (604) 718-5454