Goldrea Closes Private Placement

Goldrea Closes Private Placement

August 24, 2022 - Vancouver, British ColumbiaCSE:GOR, Frankfurt:GOJ, OTC,US:GORAF

Goldrea Resources Corp. (“Goldrea” or the “Company”) announces the closing of its non-brokered private placement of $0.035 units (“Units”) and $0.05 flow-through units (“FT Units”), subject to acceptance by regulatory authorities.

The Company has sold 2,930,000 Units for gross proceeds of $102,550. Each Unit consists of one common share in the capital of the Company and one common share purchase warrant which entitles the holder to buy one common share at $0.05 during the two years following the warrant’s issuance date.

The Company has also sold 400,000 FT Units for gross proceeds of $20,000. Each Unit consists of one flow-through common share and one common share purchase warrant which entitles the holder to buy one common share at $0.08 during the two years following the warrant’s issuance date.

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

For more information, please contact:

James Elbert, President and CEO

Telephone: (604) 559-7230

Email: [email protected]

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.