Gold Reach Resources Ltd.
8th floor, 700 West Georgia St.
Vancouver, BC  V7Y 1H4
(the "Company")

NEWS RELEASE

February 10, 2005

Grayd and Gold Reach Announce Successful Conclusion to Initial Drill Program on Seel Last Hole Extends Copper-Gold Discovery

Vancouver, BC, February 10, 2005 . . . Grayd Resource Corporation (TSX Venture: GYD) and Gold Reach Resources Ltd. (TSX Venture: GRH) are pleased to announce assay results from the last hole of their highly successful initial drill program on the Seel property in central British Columbia. Hole S05-9 intersected 104.9 m grading 0.27% Cu and 0.20 g/t Au (including 74.9 m grading 0.30% Cu and 0.23 g/t Au). Hole S05-9 was collared 100 metres southeast of discovery hole S04-4 (148 m grading 0.29% Cu and 0.27 g/t Au) and 120 m south of hole S05-8 (102.1 m grading 0.44% Cu and 0.48 g/t Au).

S05-9 was drilled in the same location as S05-7 which was lost due to drilling problems shortly after reaching bedrock. Four holes have now been completed to depth in the newly discovered copper-gold porphyry system (holes, 3, 4, 8 and 9). All have continuous mineralization over extensive widths as summarized in the attached table. Copper-gold mineralization has now been defined over an area 160 metres in an NW-SE direction and 100 metres along strike in a NE-SW direction and is open in all directions. The 1.2 km long, still open, IP anomaly shows potential for a large deposit.

This first phase of diamond drilling at Seel is now finished with nine holes totalling 1,630 metres. All but one of the nine holes had significant intersections, a high success ratio for an initial drill program. The new copper-gold porphyry discovery provides the best target for immediate follow-up. However, there are numerous other areas of potential on the property which warrant comprehensive exploration, including, but not limited to, further drilling around the copper-molybdenum mineralization intersected in S04-6 and in the area of the Seel Breccia. The IP anomaly remains open along strike and most of the known 7 km long area on the property exhibiting extensive alteration and sulphide mineralization remains virtually untested. The diamond drill has been left on the property to allow a quick start to the next phase of drilling.

Seel Property - Phase I Drilling - Significant Intercepts

The Seel property is located in central British Columbia 7 km away from the operating 20,000 tonne per day Huckleberry open pit copper mine. Huckleberry has 3.5 years of mine life remaining on a current reserve quoted at 25 million tonnes remaining grading 0.51% Cu, 0.06 g/t Au and 0.014% Mo (information from Imperial Metals Corp. website).

Intersections for Holes 1 through 8 were previously reported in news releases dated January 18, 2005 and February 04, 2005. The gold grades in S05-8 are slightly higher than previously reported because gold assay results were higher than original ICP/MS results. Assay results are considered more reliable.

The diamond drill holes were drilled NQ diameter, except the top of the holes through the breccia zone in holes S04-1 & 2, which were drilled HQ diameter. Core was halved using a diamond rock saw to cut the core. Half-core samples were sent to Acme Analytical Labs’ facility in Vancouver, British Columbia for sample preparation and analysis. All samples underwent multi-element analysis by ICP/MS. The breccia zones in holes S04-1 and 2, and all samples from hole S04-4, S05-7, S05-8 and S05-9 were also assayed for gold and copper. Additional assaying is being undertaken on samples from S04-6. A sample quality control/quality assurance program is in place. The diamond drill program was under the supervision of Hans Smit, P.Geo., Vice-President Exploration for Grayd Resource Corporation, a qualified person under NI 43-101.

Gold Reach can earn a 61% interest in the Seel property by incurring $1,000,000 in exploration expenditures before December 31, 2006. Once Gold Reach has 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 is the operator.

A drill hole location map can also be viewed on both company’s websites along with additional information at www.grayd.com and http://www.goldreachresources.com.

For further information, please contact:

Grayd Resource Corporation
Marc A. Prefontaine, M.Sc., P.Geo. – President and CEO (604-681-7446) or
Freeform Communications Inc. (778-371-9100 - ext 1220)

Gold Reach Resources Ltd.
Mike Sieb, B.Sc., MBA - Director – (604-331-2263)

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