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

NEWS RELEASE

April 5, 2005

Gold Reach - Grayd Report Phase II Drill Results on the Seel Property

New Cu-Au-Mo-Ag Zone Discovered

Vancouver, BC, April 5, 2005 . . . Gold Reach Resources Ltd. (TSX Venture: GRH) and Grayd Resource Corporation (TSX Venture: GYD) are pleased to announce results from the phase II drill program recently completed on the Seel Property in Central B.C. Hole S05-14 intersected a new zone with porphyry-style mineralization containing copper, gold, molybdenum and silver throughout a 263.1 metre long intersection (263 m @ 0.13% Cu, 0.10 g/t Au, 0.016 % Mo and 2.57 g/t Ag). There are significant portions within this intersection that are of potentially economic grades, including 55.5 m grading 0.22% Cu, 0.25 g/t Au, 0.030 % Mo and 4.9 g/t Ag. Hole 14 is 500 metres west of hole S05-08, drilled in Phase I, which intersected 102.1 m grading 0.44% Cu and 0.48 g/t Au (as reported in a Feb. 10, 2005 news release). The continued association between gold and copper, with the addition of values in molybdenum and silver, make this an important new intersection. The hole ended in mineralization, and mineralization is open along strike in both directions.

Eight (8) holes were drilled totalling 1,740 metres during the phase II program. Holes were drilled to test the area around the copper-gold porphyry discovered in the first phase of drilling, and to test a few additional targets within the large IP anomaly on the property. Drilling was suspended before all planned holes were drilled due to unseasonably warm temperatures resulting in problems with access. Drill intercepts are given in the table below. Results from holes S05-10, 11 and 12 indicate that copper-gold mineralization intersected in holes 3, 4, 7, 8 and 9 (reported previously in a press release dated Feb. 10, 2005) continues to the northeast. Hole 10, drilled 50 m north of hole 8, intersected 167 m grading 0.27% Cu and 0.26 g/t Au. The width of mineralization appears to decrease to the northeast of this hole. Hole S05-13, drilled to the southwest of Phase I drill holes, intersected 78.5 m grading 0.13% Cu and 0.08 g/t Au. Holes S05-14, 15 and 16 were drilled to test across the IP anomaly 400 metres to the south and west of previous drilling. All holes intersected strong alteration, with Hole 14 intersecting a well-mineralized porphyry system. Hole S05-17 was drilled on the western flanks of the IP anomaly. This hole intersected altered intrusive rocks with anomalous copper and gold, indicating potential in the general area of the drill hole for other deposits.

Grayd and Gold Reach have now completed 17 holes on the Seel property. All holes intersected alteration typically associated with porphyry deposits and several had intersections with greater than 0.2% Cu and 0.2 g/t Au. Recent intersections containing increased molybdenum, including 5.5 m grading 0.158% Mo in S05-13 and 7.5 m grading 0.082% Mo in S05-14, show potential for economic values from multiple elements on the property. For comparison, the Endako Mine, which produces only molybdenum, has a reported grade of 0.075% Mo (www.bcminerals.ca). To date, a 1 km by 1 km area of the property has been drill tested. This translates to only a small portion of both the known IP anomaly and the 7 km long alteration zone on the property. Gold Reach and Grayd are planning a large IP geophysical program followed by additional drilling in the summer of 2005.

Seel Property - Phase II Drilling - Significant Intercepts

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. 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 companies' 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)

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