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

NEWS RELEASE

October 16, 2006

First Round of Phase 3 Drill Program on Seel Property Completed

Vancouver, British Columbia: Gold Reach Resources Ltd. (GRH: TSX-V) ("Gold Reach" or the "Company") announces that the current 15 hole phase three drill program on the Seel Property, located 120 km south of Houston, British Columbia, is complete. This brings the total of holes drilled to forty seven.

Location Map: http://www.goldreachresources.com/exploration

The Company is awaiting assay results from the current 15 hole program and will use these results along with the new 3D Induced Polarization (“IP”) geophysical survey to delineate further drill targets for the next phase of drilling .The Company plans to complete phase three as soon as possible.

Ms Barbara Welsh, P.Eng. is the Qualified Person as defined by National Instrument 43-101 for the diamond drill program.

Gold Reach Resources is a Canadian exploration company actively involved in the development of the Seel Property, a 8,446 hectare copper-gold–molybdenum property located 120 kms south of Houston, British Columbia and 8 km to the east of the producing copper-gold-molybdenum Huckleberry Mine.

ON BEHALF OF THE BOARD OF DIRECTORS

Conrad Swanson, 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.

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