Goldrea Resources Corp. (“Goldrea” or the “Company”) is amending the terms of its non-brokered private placement of 11,430,000 units, previously announced on April 5, 2023. The units are now priced at $0.025 each, with each unit comprised of one common share and a full common share purchase warrant with an exercise price of $0.05 for a period of three years.

In addition, the Company is extending the exercise term of the previously issued warrants:

• With respect to warrants issued on July 12, 2021, the expiry date has been extended from July 23, 2023 to July 23, 2024.
• With respect to warrants issued on August 12, 2021, the expiry date has been extended from August 12, 2023 to August 12, 2024.

All other terms and conditions of the warrants remain the same.

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.