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

NEWS RELEASE

November 3, 2004

Gold Reach Resources arranges $300,000 financing

Gold Reach Resources Ltd. has negotiated a non-brokered private placement of three million units at a price of 10 cents per unit with each unit consisting of one flow-through share and one share purchase warrant, two such warrants being exercisable into one common share for a period of one year at a price of 15 cents per share, subject to regulatory acceptance.

Proceeds totalling $300,000 will be used by Gold Reach Resources Ltd. to finance the upcoming drill program slated for late November on its Seel copper-gold-silver porphyry project in central British Columbia.

ON BEHALF OF THE BOARD OF DIRECTORS

Conrad Swanson, President

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