GOLDREA RESOURCES CORP (“GOR-Z;GORAF-0”)
– Closes First Tranche of Private Placement

Goldrea Resources Corp. (“Goldrea” or the “Company”) announces the
closing of the first tranche of its non-brokered private placement of $0.03
units. The Company has sold 8,633,333 units for gross proceeds of
$258,999.99 in this first tranche, subject to acceptance by regulatory
authorities. Each unit consists of one common share in the capital of the
Company and half of a common share purchase warrant which entitles the
holder to buy one common share at a price of $0.08 per share for one year.

The proceeds of the private placement will be used to fund the
exploration of Company’s mineral properties and for general working capital.
All securities issued under the private placement will have a four-month
hold.

In addition, the Company has granted an aggregate of 1,000,000 stock
options to certain directors, officers, employees and consultants pursuant
to the Company’s Stock Option Plan. The stock options have an exercise price
of $0.05 per share and an expiry date of July 28, 2025. Jim Elbert, CEO,
comments “The success of the current placement reflects the great interest in the
gold properties in Goldrea’s stable of holdings, in particular the
Cannonball Property in the prolific Golden Triangle in northern BC. We look
forward to reporting our progress in defining and furthering this very
promising asset in the heart of the region in the near term.”

For more information, please contact:
James Elbert, President and CEO
Telephone: (604) 559-7230
Email: jelbert@goldrea.com
The CSE has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.
This news release may contain “forward-looking statements”, which are
statements about the future based on current expectations or beliefs. For
this purpose, statements of historical fact may be deemed to be
forward-looking statements. Forward-looking statements by their nature
involve risks and uncertainties, and there can be no assurance that such
statements will prove to be accurate or true. Investors should not place
undue reliance on forward-looking statements. The Company does not undertake
any obligation to update forward-looking statements except as required by
law.