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

NEWS RELEASE

June 20, 2006

VANCOUVER, BRITISH COLUMBIA June 20, 2006: The Company has amended the terms of the non-brokered private placement offering announced on May 30, 2006 as follows: The Company is offering 7.0 million flow-through units at a price of $0.10 per unit which price has been reduced from $0.12. In addition, the warrants forming part of the 1.0 million non-flow-through units being offered will be exerciseable at $0.12 for two years and not $0.15 as previously announced.

ON BEHALF OF THE BOARD OF DIRECTORS
Conrad Swanson
President

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