Gold Reach Resources Ltd. has arranged a non-brokered private placement unit offering of 240,000 units to raise gross proceeds of $100,800. Each unit consists of one common share of the company at a subscription price of 42 cents per common share and one full share purchase warrant entitling the holder thereof to purchase one additional common share of the company at an exercise price of 60 cents for a two-year period from the closing date of the unit offering. Proceeds will be used for general working capital.

Each warrant will be subject to accelerated expiry provisions such that if at any time after the date of closing of the private placement, the company's common shares trade on the TSX Venture Exchange at or above a weighted average trading price of $1.00 per share for 10 consecutive trading days, the company may give notice to the holders that each warrant will expire 30 days from the date of providing such notice.

There is no finder's fee in this transaction and two of the placees are directors of the company.

The shares issued will be subject to a four-month hold period from the date of closing and is subject to acceptance by the TSX Venture Exchange.

We seek Safe Harbor.