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

NEWS RELEASE

January 15, 2007

January 15, 2007 – Vancouver, BC – Gold Reach Resources Ltd. (TSX.V: GRH). Further to a news release dated January 4, 2007, Gold Reach Resources Ltd. is pleased to report the receipt of TSX acceptance to an agreement between the Company and its wholly owned subsidiary, Oosta Lake Resources Ltd., (collectively the “Company”), pursuant to which the Company acquires a 100% interest in 14 claims totaling approx. 574.66 ha known as the “Ox Lake Mineral Property” from Silver Standard Resources Inc., (TSX-SSO; Nasdaq:SSRI). The 2,000,000 shares issued to Silver Standard as consideration will be subject to a hold period expiring April 15, 2007.

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”.