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

NEWS RELEASE

February 21, 2005

Drilling Resumes at Seel Property - Phase II Diamond Drill Program Commences
Following-up on the Highly Successful Phase I Drill Program

Gold Reach Resources Ltd. (TSX Venture: GRH) and Grayd Resource Corp. (TSX Venture: GYD) are pleased to announce diamond drilling has resumed at the Seel Property in central BC. Approximately 10-12 holes (2,000 metres) are planned to follow-up on the companies’ successful Phase I drill program that returned results such as hole S05-08 intersecting 102.1 m grading 0.44% Cu and 0.48 g/t Au (news release – February 04, 2005).

The Phase II drill program will primarily target the expansion of the new Cu-Au discovery zone previously intersected by holes S04-03, 04, S05-08 and 09 (news release – February 10, 2005). Copper-gold mineralization has now been defined over an area 160 metres in a northwest-southeast direction and 100 metres along strike in a northeast-southwest direction, and is open in all directions. Diamond drilling will also focus on additional targets currently delineated within a 1,200-metre-long by 800-metre to 1,300-metre-wide induced polarization (IP) geophysical anomaly. The main body of the IP anomaly exhibits extensive alteration and sulphide mineralization with a strong coincident high-chargeability low-resistivity signature that is characteristic of a well-developed porphyry-style hydrothermal system. The anomaly is open along strike and remains virtually untested.

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).

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 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:

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

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)

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