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

NEWS RELEASE

March 2, 2006

Vancouver, BC, March 2, 2006 . . . Gold Reach Resources Ltd. (TSXV:GRH)(the "Company") announces that it proposes to extend the expiry date and amend the exercise price of share purchase warrants to purchase up to 1,920,000 common shares at an exercise price of $0.30 per share issued in connection with a private placement that completed on March 9, 2005. Each share purchase warrant currently entitles the holder thereof to purchase one common share of the Company at $0.30 until March 9, 2006. If accepted by the TSX Venture Exchange (the "Exchange"), the Company will extend the expiry date of the 1,920,000 share purchase warrants to March 9, 2007 and reduce the exercise price of the warrants to $0.15 per share. Pursuant to the Exchange's policies, if the closing price for the Company's shares is $0.15 or greater for a period of 10 consecutive trading days (the "Premium Trading Days"), then the holders of the repriced warrants will have 30 days to exercise their warrants, failing to do so the warrants will expire without further notice. The 30 day period will commence seven (7) calendar days after the 10th Premium Trading Day. The application to amend the warrants is subject to the Exchange's acceptance, and the Company makes no assurances that the required acceptance for the repricing or extension of the term of the warrants will
be granted.

For further information, please contact:
Gold Reach Resources Ltd.
Conrad Swanson - President – (604-718-5454)

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