Gold Reach Resources Ltd.
888 - 700 West Georgia St.
Vancouver, BC  V7Y 1G5
(the "Company")

NEWS RELEASE

October 11, 2005

Gold Reach Acquires 100% Interest in Seel Option

Vancouver, BC, Oct. 11, 2005 . . . Gold Reach Resources Ltd. (TSX Venture: GRH) has acquired the right and title to Grayd Resource Corporation’s (TSX Venture: GYD) 39% interest in the Seel property located in Central B.C., thereby obtaining a 100% respective interest on the Seel Option.

The purchase arrangement entails the issuance of an aggregate of 1,500,000 units of Gold Reach. Each Unit will consist of one common share in the capital of Gold Reach and one common share purchase warrant that will entitle Grayd to purchase an additional common share of Gold Reach at a purchase price of $0.25 per share for a period of two years.

To date, 17 holes (3,370 metres) have been drilled on the property resulting in the discovery of a mineralized porphyry system. Hole S05-08 intersected 102.1 m grading 0.44% Cu, 0.48 g/t Au and 0.001% Mo (as reported in a Feb. 10, 2005 news release). Hole S05-14, which is 500m west of hole S05-08, intersected 263.1 m grading 0.13% Cu, 0.10 g/t Au, 0.016 % Mo and 2.57 g/t Ag). There are higher grade 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 (as reported in an April 05, 2005 news release). The mineralization intersected in Hole S05-14 is completely open to the southwest.

“The drilling to date has confirmed that an extensive mineralized system is present on the property. Furthermore, the acquisition of a 100% option in the property demonstrates we remain confident and committed to the project.” states Gold Reach President, Mike Sieb.

Grayd will retain the right to earn-back a 39% interest in the Property (the “Back-in Right”) on the following terms:

1. Prior to expiry of the Back-in-Right, at any time following the date that Gold Reach has incurred expenditures on the Property exceeding C$500,000, Grayd may exercise its Back-in-Right by agreeing to fund new exploration expenditures on the Property equal to 200 per cent of the amount of expenditures incurred from the Closing Date of the Option Agreement.
2. The Back-in-Right shall expire 60 days following notification to Grayd that Gold Reach has incurred C$2 million of expenditures on the Property.

For further information, please contact:

Gold Reach Resources Ltd.
Mike Sieb, B.Sc., MBA – President and 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)

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