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

NEWS RELEASE

December 13, 2005

December 13, 2005 - Vancouver, BC – Gold Reach Resources Ltd. (TSX.V: GRH) announces it has signed a Letter Agreement with Consolidated Abaddon Resources Inc. (TSX.V: ABN) (“Consolidated Abaddon”), pursuant to which the Company grants to Consolidated Abaddon an option to earn a 10% interest in the Seel property by advancing $100,000.00 to the Company in connection with its Phase I drill program on the Seel Property. The Phase I drill program has commenced.

The Seel Mineral Claims are situated in the Central Interior of the Province of British Columbia, approximately 120 kilometres southwest of the town of Houston, BC. The Seel Mineral Claims consist of a total of 26 mineral claims covering approximately 8,446 hectares and are contiguous with the operating Huckleberry Mine.

Consolidated Abaddon has further agreed to grant to the Company the right to repurchase the 10% interest in the Seel property on the following basis;

1. If Consolidated Abaddon elects to participate in the 2nd Phase of drilling in the New Year, the Company may buy back Consolidated Abaddon’s 10% interest by in exchange for the issuance to Consolidated Abaddon of 500,000 shares of the Company.

2. If Consolidated Abaddon chooses not to participate in the 2nd Phase of drilling on the Seel property, the Company may buy back the 10% interest by issuing to Consolidated Abaddon 300,000 shares of the Company.

The Company had announced a 3,000-metre, 15-hole drill program (see news release dated 12-05-05). This program is now increased to a two-phase 4,000 metre, 18-hole drill program with the closing of this agreement.

The 2005 summer geophysical survey delineated a four-kilometre-long by 1.5-kilometre-wide chargeability anomaly. The work program included the establishment of an additional 44-line-kilometre grid bringing the cut grid on the Seel property to 66 line kilometres. The survey grid consists of lines from 1.5 kilometres to four kilometres in length with 100-metre and 200-metre line spacing. A 3-D induced polarization (IP) survey was performed on the entire grid. The 3-D modeling produced a prominent two-kilometre by 1.5-kilometre concentric or "doughnut-shaped" anomaly centred within the survey grid. A high-chargeability, low-resistivity ring with a high-resistivity, low-moderate chargeability core characterizes this central zone. The geophysical geometry of the central zone closely fits that of a classic porphyry-deposit model where a high-chargeability, high-pyrite halo and a high-resistivity, low-grade core are formed. In the classic porphyry model, the higher-grade material concentrates in a window situated around the low-grade core and within the pyrite halo.

Drill holes S04-06, S05-14 and S05-16 (as reported in Stockwatch news on Feb. 10, 2005, and April 5, 2005) skirted the window where the higher-grade material would be projected according to the classic model. Hole S05-14 intersected 263.1 metres grading 0.13 per cent copper (Cu), 0.10 gram per tonne (g/t) gold (Au), 0.016 per cent molybdenum (Mo) and 2.57 g/t silver (Ag), including 55.5 metres grading 0.22 per cent Cu, 0.25 g/t Au, 0.030 per cent Mo and 4.9 g/t Ag. The upcoming drill program will target this central Cu-Au-Mo-Ag zone and the hypothesized higher-grade window.

Another key target area to be drilled is located 500 metres to the east. The 2004-2005 drilling outlined an area enriched in Cu and Au mineralization where hole S05-08 intersected 102.1 metres grading 0.44 per cent Cu, 0.48 g/t Au and 0.001 per cent Mo (as reported in news on Feb. 10, 2005). This Cu-Au zone remains open to the east.

Location maps and figures displaying the current geophysical model can be found on the Gold Reach’s website at www.goldreachresources.com

ON BEHALF OF THE BOARD OF DIRECTORS

Conrad Swanson,
Chairman

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