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

NEWS RELEASE

November 16, 2005

Vancouver, B.C. – November 16, 2005 - Further to the Company’s news release of October 11, 2005, the Company is pleased to report the receipt of TSX Venture Exchange acceptance to an agreement with Grayd Resource Corporation (“Grayd”) pursuant to which the Company has acquired Grayd’s 39% interest in the Seel property located in Central B.C., resulting in the Company owning a 100% interest on the Seel Option. As consideration of the assignment, the Company has issued to Grayd 1,500,000 units (the “Units”), with each Unit consisting of one common share and one share purchase warrant that will entitle Grayd to purchase an additional common share of the Company at a purchase price of $0.25 per share for a period of two years. Shares issued as a result of this transaction including those shares issued as a result of the exercise of the share purchase warrant will be subject to a four month hold period expiring March 6, 2006.

In addition, further to a news release dated October 6, 2005, the Company reports the receipt of TSX acceptance to the issuance of an aggregate of 200,000 shares to four individuals as compensation for their loaning to the Company for a term of no more than one year an aggregate amount of $50,000. The shares pursuant to this transaction are subject to a hold period expiring March 4, 2006.

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

Mike Sieb, President

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