Goldrea Resources Corp.
TSX VENTURE : GOR
PINK SHEETS : GORAF
FRANKFURT : GOJ

Goldrea Resources Corp.

March 16, 2007 17:12 ET

Goldrea Appoints Paul Blair to Board of Directors

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 16, 2007) - Larry Reaugh, President and Chief Executive Officer announces the appointment of Paul L. Blair, Chief Operating to the Board of Directors of Goldrea Resources Corp. (TSX VENTURE:GOR)(PINK SHEET:GORAF)(FRANKFURT:GOJ).

Mr. Blair has a Bachelor of Science in Geological Engineering from Montana Tech as well as having completed courses in Management and Accounting at the University of Utah.

Mr. Blair's experience includes a detailed evaluation on an underground gold mine in Gansu Province, China. He has been involved in feasibility, permitting and design of a large open pit/heap leach in Inner Mongolia and managed the operation of an open pit mine and construction of a mill and camp in Qinghai.

Previous to his recent work in China, Mr. Blair worked in various management capacities in North, Central and South America. His work included preparation of scoping studies, supervision of bankability feasibility studies, management of detailed design and EPCM; management of start-up, turn-around, closure and expansion of major mining projects and management of producing operations.

Mr. Blair is responsible for the transition of the operating Daye Gold Mine located near Rushan City, Shandong Province, China from Daye to Goldrea Management. Goldrea has revamped its original proposal to acquire the Daye Assets to the satisfaction of the Central Bank of China. Details will be announced upon approval of the Central Bank.

GOLDREA RESOURCES CORP.

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.

Contact Information

  • Goldrea Resources Corp.
    Larry W. Reaugh
    President and Chief Executive Officer
    (604) 531-9639
    (604) 531-9634 (FAX)
    Email: info@goldrea.com
    Website: www.goldrea.com