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

NEWS RELEASE

February 17, 2005

VANCOUVER, BRITISH COLUMBIA – The Board of Directors of Gold Reach Resources Ltd. (the “Company”) have negotiated a non-brokered private placement of 1.5 million Units at a price of $0.20 per Unit with each unit consisting of one (1) flow-through share and one (1) share purchase warrant exercisable into one (1) non flow-through share for a period of one (1) year at a price of $0.30 per share, subject to regulatory acceptance. A cash finder’s fee will be payable on a portion of the offering.

ON BEHALF OF THE BOARD OF DIRECTORS
GOLD REACH RESOURCES LTD.

“Tanuja DeSilva” Director

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