Gold Reach Resources Ltd.
TSX VENTURE : GRH

Gold Reach Resources Ltd.

November 07, 2006 09:00 ET

Gold Reach Intersects 138 Metres of .845% Cu & 23 g/t Ag Including 42 Metres of 1.24% Cu & 32 g/t Ag & .13 g/t Au

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 7, 2006) - Gold Reach Resources Ltd. (TSX VENTURE:GRH) ("Gold Reach" or the "Company") announces results from 11 of 15 holes from the Summer Phase 3 drill program.

Other highlights include

S06-37 120.4m .243 % Cu & .277 g/t Au includes 32.4m of .365 % Cu & 314 g/t Au

S06-38 64.4 m .400 % Cu & .435 g/t Au includes 40.3m of .477 % Cu & .541 g/t Au

S06-39 160m .430 % Cu & .503 g/t Au

S06-40 84 m .465 % Cu & .534 g/t Au includes 64m .547 % Cu & .639 g/t Au includes 18m .895 % Cu & 1.186 g/t Au ;

Over limit assays from 40-48 metres will increase the grade shown for these intervals in S06-40 S06-42 138m .845 % Cu & 23 g/t Ag includes 42m 1.24 % Cu & .13 g/t AU & 32 g/t Ag



---------------------------------------------------------------------------
DDH from to INTERVAL Cu % Au Ag Mo%
m m m g/t g/t
---------------------------------------------------------------------------
S06-33 190 280 90 0.007
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S06-34 no significant assays
S06-35 16 32 16 0.351 1.8 1.910 g/t Au from-
16-18 metres
and 158 172 14 0.019
---------------------------------------------------------------------------
S06-36 80 104 24 0.147
and 174 188 14 0.194 4.0
---------------------------------------------------------------------------
S06-37 39.6 160 120.4 0.243 0.277
inclu- 39.6 72 32.4 0.365 0.314
ding
and 216 238 22 0.258 14.5
---------------------------------------------------------------------------
S06-38 35.66 100 64.34 0.400 0.435
inclu- 35.66 76 40.34 0.477 0.541
ding
and 156 180 24 0.323 0.225 5.3
---------------------------------------------------------------------------
S06-39 44 204 160 0.430 0.503 1.7
---------------------------------------------------------------------------
S06-40 36 120 84 0.465 0.534 over limit Cu-
assays not back,
including 36 100 64 0.547 0.639 assumed 10000ppm Cu
including 36 54 18 0.895 1.186 (1%) for those-
assays greater-
than 10000ppm
---------------------------------------------------------------------------
S06-42 22 160 138 0.845 23.0
including 22 64 42 1.240 0.130 32.0
---------------------------------------------------------------------------
S06-44 72 96 24 0.264 8.1
---------------------------------------------------------------------------
S06-47 106 144 38 0.301 10.8
including 106 132 26 0.420 13.7
including 106 120 14 0.704 21.7
---------------------------------------------------------------------------


Drilling intersected a mineralized breccia zone adjacent to a quartz-feldspar porphyry stock which has proved to be of much greater extent than previously thought. The breccia contains fragments of intrusive and hornfelsed volcanics with pyrite-marcasite, chalcopyrite, sphalerite, tetrahedrite, and minor galena; the sulphides occur as infilling with quartz and siderite around the breccia fragments. One diamond drill hole (S06-38) which contained the breccia with sulphide infilling is located 200 metres from the previously mapped location of this breccia (holes drilled from 1982-1985), and the other holes that intersected the breccia (holesS06-37 and S06-38) prove that it is a much wider and a more continuous body than was previously thought. There is a good correlation of silver values with copper mineralization in the breccia and through the areas of chalcopyrite mineralization. The drilling area for this program was 500m by 400m, and the mineralization encountered is open from the SW to the NW. Two other geophysical anomalies having the same signature have been identified on the property and have yet to be drilled. The company plans to increase the geophysics coverage as currently it is only about 40%, and plans to commence a winter drilling program this year Due to the results of this drilling program on the Seel breccia and related copper porphyry, drilling on the near-by Damascus silver vein was postponed.

The diamond drill holes were drilled NQ diameter and half-core samples were sent to the Assayers Canada Labs facility in Vancouver, B.C., and sample preparation was done at their facility in Telkwa, BC. All samples underwent multi-element analysis by ICP/MS and wet geochem gold.

The project is under the direction of Barbara Welch, P.Eng, a qualified person, as defined by National Instrument 43-101, for the diamond drill program.

Gold Reach Resources is a Canadian exploration company actively involved in the development of the Seel Property, an 8,446 hectare copper-gold--molybdenum property located 120 km south of Houston, British Columbia and 8 km to the east of the producing copper-gold-molybdenum Huckleberry Mine.

ON BEHALF OF THE BOARD OF DIRECTORS

Conrad Swanson, President

Issued and Outstanding

52.9 million shares

For complete details of this news release and other projects, please visit the Company's website at www.goldreachresources.com

If you would no longer like to receive Gold Reach Resources news releases, please email doug@goldreachresources.com

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

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