Goldrea Identifies New Copper Target and Expand Porphyry Copper Potential at Cannonball Project in the Golden Triangle

Goldrea Resources Corp. (CSE:GOR, Frankfurt:GOJ, OTC:GORAF)(“Goldrea” or the “Company”) is pleased to announce that independent consultants have identified a previously unknown area of copper  mineralization (referred to as the Juice Box Zone) in the central part of the Company’s Cannonball Property.  The mineralized zone has only recently been exposed by melting snowpack and currently consists of an  irregular shaped area (roughly 300 meters by 300 meters) which exhibits widespread narrow quartz – 

carbonate veins containing pyrite and chalcopyrite. Most of the mineralized area is still covered by snow  but careful examination has identified veins in most of the scattered outcrops within the new zone. The mineralization occurs within andesitic volcanic rocks in contact with felsic intrusive rocks that  have tentatively been identified as porphyritic syenites. This new mineralized zone represents a third high  priority target area within the Cannonball Property and adds significant porphyry copper potential. Detailed  geological mapping, sampling and prospecting is ongoing. IP surveys across all of the high priority target  areas are scheduled to commence on or about August 20, 2021. 

The attached map shows the location of the Juice Box Zone relative to the Adrian Vein system and  appears to be localized along the southern margin of a sub circular geophysical feature that was identified  by the Company’s 2018 airborne magnetic survey. As previously reported in the Company’s press release  dated October 21, 2020, the mineralization associated with the Cannonball target is also associated with a  sub circular geophysical feature, .Detailed interpretive work is in progress.

The attached photographs are images of the pyrite chalcopyrite veins exposed within the Juice Box

Jim Elbert, Goldrea’s President and CEO,  comments, “The initial results of the Company’s  2021 field program clearly demonstrate that the  targets identified on Goldrea’s Cannonball  property warrant a high level of exploration work.  Additionally exploring newly exposed land in the  heart of the prolific Golden Triangle, and getting  such powerful indications is truly an exciting time  for our Company and our shareholders. Targets  established last season have a full program  underway and we continue to have high  expectations. The “Juice Box” certainly has now  commanded our attention as well. Goldrea looks  

forward to keeping our shareholders abreast of all developments as the season progresses.”  Carl von Einsiedel (P. Geo.), is a non-independent Qualified Person within the meaning of National  Instrument 43-101, and has prepared, reviewed and approved the scientific and technical information in  this press release. 

For more information, please contact: 

James Elbert, President and CEO 

Telephone: (604) 559-7230 


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.