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

NEWS RELEASE

March 21, 2005

Gold Reach - Grayd Provide an Exploration Update on the Seel Property

Vancouver, BC, March 21, 2005 . . . Gold Reach Resources Ltd. (TSX Venture: GRH) and Grayd Resource Corporation (TSX Venture: GYD) are pleased to announce that the Phase II drill program on the Seel Property in Central B.C. is completed. Eight (8) holes were drilled totalling 1,740 metres. The core from all the drill holes is now in the lab and results will be released in their entirety in approximately two weeks.

In addition, the Companies have increased their land holdings by staking 4,045 hectares and in effect have doubled the size of the original Seel property. The land package has been extended along the strike of the known alteration system to the northeast and southwest.

The exploration program on the Seel property is under the supervision of Hans Smit, P.Geo., Vice-President Exploration for Grayd Resource Corporation, a qualified person under NI 43-101. The Phase II drill was shut down before drilling all 10 proposed holes because unseasonably warm weather resulted in deteriorating ground conditions that hampered mobility of the drill equipment.

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 and new property maps 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:

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 – President and Director – (604-331-2263)

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.