Gold Reach Resources Ltd. (TSX VENTURE:GRH) ("Gold Reach" or the "Company") announces that further to the news announcement of January 16th 2006 (http://goldreachresources.com/news/NR070116.htm), Britton Brothers Drilling of Smithers, BC has commenced a 2200 metre drill program on the Ox Lake Claims. The intention of this program is to confirm and expand on drill results obtained in historical Ox Lake reports recently acquired from Silver Standard Resources. Wardrop Engineering has been commissioned to identify a resource on the Ox Lake claims as well as the Seel property. Wardrop will combine historical data with newly acquired results from this drill program and bring the historical reserves on the Ox Lake claims into National Instrument 43-101 compliance.
Weather and ground conditions permitting, the Company also plans to extend the new breccia zone discovered in the previous drill program where hole # S06-42 intersected 138 metres of 0.845% copper, 23 g/t silver including 42 metres of 1.24% copper, 32 g/t silver and .13 g/t gold. See news release dated November 6th 2006 (http://goldreachresources.com/news/NR061106.htm).
The Company's Seel Property encompasses the Ox Lake claims.
The project is under the direction of Barbara Welsh, P.Eng, a qualified person, as defined by National Instrument 43-101.
About Gold Reach:
Gold Reach Resources is a Canadian exploration company actively involved in the development of the Seel property a 17,149.5 hectare copper-gold-molybdenum property located 120 Km south of Houston, BC and eight kilometres to the east of the producing 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."
SOURCE: Gold Reach Resources Ltd.
Gold Reach Resources Ltd. Doug Kerr (604) 718-5454 or Toll Free: 1-888-500-4587 (604) 646-2054 (FAX) Email: [email protected] Website: www.goldreachresources.com