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

Goldrea Resources Corp.

March 12, 2008 06:00 ET

Goldrea Resources Corp.: Underground Development Heads for Ore at the Golden Rose Shaft; Stoping Is Expected to Begin Within a Month

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 12, 2008) - Goldrea Resources Corp. (TSX VENTURE:GOR)(PINK SHEETS:GORAF)(FRANKFURT:GOJ) reports that the Mining contractor has begun the underground development at the Golden Rose Shaft. Crosscutting commenced last week to access the ore discovered in Hole GZK810 and stoping should begin on this ore shoot within the month. The ore will be stockpiled on surface until 20,000 tonnes are available at which time the Daye Mill will be directed to begin milling this ore. This move will mark the first production by Goldrea Resources Corp. in China.

Drilling continues with two drill machines working full time on the Daye Property. Two more machines, which are assigned to the project, are down for maintenance and will be brought on site as soon as this work is complete.

Some minor construction is continuing at Golden Rose and is expected to be complete within a month. When this work is complete the shaft crew can begin the work at the Golden Dragon Shaft. The recommended location is at 4106900N, 40612000E. This location is subject to change depending on land acquisition agreements with the local farmers for room to put the surface buildings and access roads. Our negotiating team is presently working on acquiring these land agreements. This shaft will provide access to the Jingkou Zone mineralization at a depth of +/-290 meters.

Detailed drilling is required before a mining permit and mining leases are issued. This does not preclude shaft sinking for exploration purposes to provide access for both exploration drifting and underground drilling.

The use of rubber tired equipment and a decline is being investigated to work the shallower mineralization on the Jingkou and Tianjia Zones. If the ground will support a decline, this mineralization becomes easily accessible without the need for a hoisting shaft. Geotechnical reports are not yet available but are expected soon.

Recent Drilling results on the Daye property include:



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RECENT INTERSECTIONS
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PREVIOUSLY UNREPORTED
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Hole No. From To Interval Grade
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GZK860 427.620 429.59 1.97 0.92
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GZK863 304.41 305.46 1.05 1.03
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GZK601 267.49 268.29 0.78 1.47
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GZK604 261.78 265.25 3.47 1.55
265.70 267.50 2.35 1.80
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GZK760 427.31 429.51 2.20 3.92
430.31 431.36 1.05 0.75
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GZK616 106.79 107.84 1.05 2.15
108.91 109.93 1.02 1.52
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OR
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GZK616 104.74 109.93 5.19 1.08
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This press release has been reviewed by Norman L. Tribe, P. Eng., a qualified person under NI 43-101.

GOLDREA RESOURCES CORP.

Larry W. Reaugh, President & 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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