Gold Reach Resources Ltd. Announces Completion of Non-Brokered Private Placement and the Grant of Stock Options

March 3, 2011

Vancouver, B.C. – Gold Reach Resources Ltd. (GRV: TSX-V), (the “Company”) announces it has closed the non-brokered private placement unit offering of 800,000 Units, raising gross proceeds of $336,000 announced February 7, 2011. The shares issued are subject to a four-month hold period expiring July 3, 2011.

As well, the Company announces that further to its stock option plan it has granted an aggregate of 80,000 stock options to various directors, officers, employees and consultants of the Company. The options are exercisable at $0.60 per share for a term of two years from the date of grant.

About Gold Reach:

Gold Reach Resources Ltd. is a Canadian exploration company actively involved in the exploration of its 14,200 hectare Auro Claims adjacent to Richfield Ventures’ gold discovery in central BC and the development of the Seel and Ox Lake projects, a 19,105 hectare copper-gold-molybdenum-silver project located 120 kilometres south of Houston, BC and eight kilometres east of the producing coppermolybdenum Huckleberry Mine.

ON BEHALF OF THE BOARD OF DIRECTORS

Conrad Swanson, President

For further information, please contact:

Gold Reach Resources Telephone: 604-718-5454 Toll Free: 888-500-4587 Web: http://www.goldreachresources.com

Safe Harbour Statement: The Company relies upon litigation protection for “forward-looking statements.”

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.