First Tranche of Private Placement Closed

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December 13, 2013 NEWS RELEASE - #13-26 TSX- V: GRR

FIRST TRANCHE OF PRIVATE PLACEMENT CLOSED

Golden Reign Resources Ltd. (the “Company” or “Golden Reign”)(TSX-V: GRR), is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement consisting of 2,429,411 units at a price of $0.17 per unit to raise gross proceeds of $413,000. Each unit is comprised of one common share and one share purchase warrant which entitles the holder to purchase an additional common share a price of $0.25 for a period of two years. In connection with the offering, the Company has agreed to pay finder’s fees of $20,850 cash and 28,235 warrants priced at $0.25 per share exercisable for a period of two years. The common shares issued pursuant to this private placement are subject to a four month hold period. The placement and payment of the finder’s fees have been accepted by the TSX Venture Exchange.

Proceeds of the placement will be applied to costs related to the San Albino-Murra Gold Property in Nicaragua and for general working capital.

Insider Participation in Offering

Bryce Porter, Rael Lipson and William Meyer participated in the private placement by subscribing for an aggregate of 135,294 units for aggregate proceeds of $23,000. The participation by the directors is considered a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61-101"). The transaction is exempt from the formal valuation and minority shareholder approval requirements under MI 61-101 as neither the fair market value of the units issued to, nor the consideration paid by, the related parties exceeded 25% of the Company's market capitalization.

On behalf of the Board,

“Kim Evans”

Kim Evans, CGA Director & CFO

For additional information please visit our website at www.goldenreign.com and SEDAR www.sedar.com.

Forward-Looking Statements: Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Such forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to political risks involving the Company’s exploration and development of mineral properties interests, the inherent uncertainty of cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, the inability or failure to obtain adequate financing on a timely basis and other risks and uncertainties. Such information contained herein represents management’s best judgment as of the date hereof, based on information currently available.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.