Gold Reach Resources Ltd.
Suite 410 - 777 Dunsmuir St.
Vancouver, BC V7Y 1G5
(the "Company")

NEWS RELEASE

October 20, 2004

Gold Reach and Grayd Resource Commence Exploration Program on Seel Property, BC

Vancouver, BC, October 20, 2004 . . . Gold Reach Resources Ltd. (GRH.H: NEX) (previously listed as Websmart.com Communications Inc. - WSM.H) and Grayd Resource Corporation (GYD: TSX-V) announce the commencement of the 2004 exploration program on the Seel property in Central BC. The program will entail a 20 line kilometer induced polarization ("IP") and magnetic ground survey, followed by a 2000 metre drill program. The geophysical survey has commenced and the drill program is expected to start in late November. The budget for the 2004 exploration program is estimated at $400,000.

The Seel property is located 120 km by road south of Houston, BC and 6 km southeast of the operating Huckleberry open pit mine. The property covers a 7 kilometre by 2 kilometre zone with coincident soil, rock and geophysical anomalies of a type commonly associated with large porphyry mineral systems. An extensive footprint of hydrothermal alteration and sulphide mineralization is observed throughout the 7 kilometre belt. The anomalous zone includes an area where a previous operator drilled several shallow holes (typically 20 to 30 metres) into a mineralized breccia body associated with an intrusion. Reported highlights include 18 metres grading 1.59 per cent copper and 0.64 g/t gold and 0.9 metre grading 8.3 per cent copper, 9.5 grams per tonne gold and 120 grams per tonne silver. A rock sample collected last summer by Grayd 1.2 kilometres west of the previous drilling assayed 0.64% copper and 1.62 grams per tonne gold. This sample was of float, but is assumed to have come from a proximal source.

"The overall goal for the 2004 exploration program is to not only expand on the known mineralization but to target the untested Cu-Au-Ag bulk tonnage potential of the property" states Mike Sieb, Director of Gold Reach.

Under the terms of the agreement, Gold Reach can earn a 61% interest in the Seel property by incurring $1 million in exploration expenditures before December 31, 2006. Gold Reach is committed to incur $400,000 of this amount by December 31, 2004. Once Gold Reach is vested, Grayd has 60 days to elect to earn back 10% of the interest by incurring the next $250,000 in exploration expenditures (effectively forming a 51% Gold Reach / 49% Grayd joint venture). During the earn-in period, Grayd will act as operator.

The 2004 Seel field program is under the supervision of Hans Smit, P.Geo., Vice-President Exploration for Grayd Resource Corporation, a qualified person under NI 43-101.

ON BEHALF OF THE BOARD OF DIRECTORS

Mike Sieb, B.Sc., MBA, Director

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