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

NEWS RELEASE

November 8, 2007

Vancouver, British Columbia: Gold Reach Resources Ltd. (GRH: TSX-V) ("Gold Reach" or the "Company") is pleased to announce that it has closed its previously announced private placement (the “Placement”) of 3,800,000 units (each a “Unit”) at a purchase price of $0.15 per Unit raising aggregate gross proceeds to the Company of $570,000. Each Unit consisted of one common share issued on a flow-through basis under the Income Tax Act (Canada) and one-half of one non-flow-through common share purchase warrant (each whole warrant a “Warrant”). Each Warrant will entitle the holder to purchase one additional common share at a purchase price of $0.25 per share for a period of one year until November 8th, 2008.

The Placement was accepted by the TSX Venture Exchange in a bulletin dated November 7th, 2007. All securities issued in relation to the Placement are subject under applicable Canadian securities laws to a four month hold period which expires on March 9th, 2008.

Proceeds from this private placement will be used to fund ongoing exploration and development plans for the Seel and Ox Lake properties.

The Company is also pleased to announce the granting of incentive stock options to various directors, officers, employees and consultants entitling the holders thereof to purchase up to 1,470,000 common shares of the Company at an exercise price of $0.15 per share for a period of two years. This granting of additional stock options is subject to regulatory approval.

About Gold Reach:

Gold Reach Resources is a Canadian exploration company actively involved in the development of the Seel and Ox Lake property, a 17,149.5 hectare copper-gold-molybdenum property located 120 Km south of Houston, BC and eight kilometres to the east of the producing Huckleberry Mine.

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
Email: doug@goldreachresources.com
Web: www.goldreachresources.com

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

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