Goldrea Resources Corp.

Goldrea Resources Corp.

October 25, 2010 06:01 ET

Goldrea Resources Corp.: Shares for Debt

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 25, 2010) - Goldrea Resources Corp. (TSX VENTURE:GOR)(PINK SHEETS:GORAF)(FRANKFURT:GOJ) ("Goldrea" or the "Company") is pleased to announce that further to its news release of September 3, 2010, the Company has issued to China Finance Gold International Limited 1,450,898 shares in the Company at a deemed price of $0.15 per share to settle the outstanding debt for $217,634.69 pursuant to shares for debt arrangement.

On October 21, 2010 the Company received approval from the TSX Venture Exchange to issue the shares and the debt is now extinguished.

About Goldrea Resources Corp.:

Goldrea Resources Corp. is a mineral exploration and development company that is engaged in the acquisition, exploration and development of mineral properties in North American and 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 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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