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

NEWS RELEASE

September 13, 2006

September 13, 2006 - Vancouver, BC – Gold Reach Resources Ltd. (TSX.V: GRH) Further to the Company’s news release of August 31, 2006, the Board of Directors are pleased to report the completion of a non-brokered private placement consisting of 11,682,500 Flow-Through Units (the “Flow-Through Units”) and 2,661,103 Non Flow-Through Units (the Non Flow-Through Units”), netting the Company gross proceeds of $1,147,488.00; $934,600.00 of the proceeds will be used on Qualifying Expenses as that term is defined in the Income Tax Act (Canada) to finance the exploration and development of the Issuer’s Seel Property.

Pursuant to the terms of the private placement, each Flow-Through Unit consists of one flow-through share and one warrant entitling the holder thereof to purchase one non flow-through share at a price of $0.12 for a period of one year. The Non Flow-Through Units consist of one non flow-through common share and one warrant entitling the holder thereof to purchase one non flow-through common share at a price of $0.10 for a period of one year. In addition, the Company has issued the following finders fees in connection with this offering: Canacccord Capital Corporation, 270,000 Units, 285,000 Agent’s Warrants and $1,200 cash; Research Capital Corp., 200,000 Agent’s Units, 250,000 Agent’s Warrants and $4,000 cash; Haywood Securities Corp., 30,000 Agent’s Units and 30,000 Agent’s Warrants; Union Securities Corp., 99,750 Agent’s Units, 109,950 Agent’s Warrants and $820 cash; Wolverton Securities Ltd., 131,000 Agent’s Units, 151,000 Agent’s Warrants and $1,600 cash; MP1 Capital Ltd., 197,500 Agent’s Units and $7,200 cash.

Shares issued in connection with this private placement and any shares issued as a result of the exercise of the underlying warrants will be subject to a hold period expiring January 15, 2007.

In addition, the Company has granted management and employee incentive options entitling the holders thereof to purchase up to an aggregate of 1,775,000 shares of the Company at an exercise price of $0.10 for a period of two years.

ON BEHALF OF THE BOARD OF DIRECTORS

Conrad Swanson, President

For further information, please contact:

Doug Kerr
Gold Reach Resources
Telephone: 604-718-5454
Toll Free 888-500-4587
Facsimile: 604-646-2054
Email: doug@goldreachresources.com
Web: www.goldreachresources.com

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

Safe Harbour Statement: The Company relies upon litigation protection for “forward-looking statements”.