October 26, 2015: Vancouver, British Columbia: Gold Reach Resources Ltd. (the “Company”) (GRV: TSX-V) is pleased to announce that further to its news release of October 15, 2015 the Company has closed its first tranche of its non-brokered private placement and has issued 2,669,884 units at a purchase price of $0.17 per unit for gross proceeds of $453,880.28.

Dwayne Melrose, Gold Reach President & CEO, commented, "Gold Reach is very pleased that long term shareholder Mr. Fortier continues to increase his holdings into Gold Reach.  The Company would also like to thank the long term shareholders for their continued support they have shown the Board and Management of Gold Reach as the Company transitions from exploration into development stage.”

Each unit consisted of one common share and one common share purchase warrant and each warrant entitles the holder to purchase an additional common share at a price of $0.22 per share for a 24 month exercise period, subject to abridgement of the exercise period (after the expiry of the 4 month hold period) with 30 days notice to holders in the event that the ten-day volume weighted price of the shares exceeds $0.40.

The proceeds of the financing will be used complete the Preliminary Economic Assessment on its Ootsa Project in British Columbia and for general working capital.

In compliance with Canadian securities laws, all of the securities issued in connection with this closing are subject to a four month hold period.

The foregoing is subject to regulatory approval.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States.  The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.


“Dwayne Melrose”
President & CEO

For Further information, please contact:

Don Mosher
Telephone: 604-718-5454
Toll Free: 888-500-4587
Email: info@goldreachresources.com

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.

This release contains forward-looking statements.  Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur.  Although Gold Reach believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements.  Gold Reach expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.