Gold Reach Resources Ltd. Closes Non-Brokered Private Placement

January 11, 2010

News Release

Gold Reach Resources Ltd. (the “Company”) (TSX Venture: GRV”) is pleased to announce the closing of a non-brokered private placement (the “Private Placement”) of 400,000 units (each a “Unit”) at a purchase price of $0.23 per Unit. The Company raised gross proceeds of $92,000. Each Unit consists of one common share (“Common Share”) of the Company and one non-transferable common share purchase warrant (“Warrant”). Each Warrant will entitle the holder to acquire one additional common share (a “Warrant Share”) of the Company at an exercise price of $0.25 per Warrant Share for a period of two years from the closing date (January 11, 2010) of the Private Placement.

No finder’s fees were paid in connection with the Private Placement. The net proceeds from the Private Placement will be used for general working capital purposes. All of the securities issued pursuant to the Private Placement are subject to a minimum four month hold period which expires on May 11, 2010, pursuant to applicable Canadian securities laws.

About Gold Reach:

Gold Reach Resources Ltd. is a Canadian exploration company actively involved in the development of the Seel and Ox Lake projects, a 20,025 hectare copper-gold-molybdenum-silver project located 120 kilometres south of Houston, BC and eight kilometres east of the producing copper-molybdenum Huckleberry Mine.

ON BEHALF OF THE BOARD OF DIRECTORS

Conrad Swanson, President

For further information, please contact:

Gold Reach Resources Telephone: 604-718-5454 Toll Free: 888-500-4587 Web: http://www.goldreachresources.com

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

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.