Grant of Stock Options

Suite 501 - 595 Howe Street Vancouver, BC V6C 2T5 Tel: (604) 685-4655 Fax: (604) 685-4675 Toll Free: 1-888-685-4655

October 15, 2010 NEWS RELEASE - #10-18 TSX- V: GRR

GRANT OF STOCK OPTIONS

Golden Reign Resources Ltd. (the “Company” or “Golden Reign”)(TSX-V: GRR) announces that pursuant to its stock option plan and subject to regulatory approval, it has granted a total of 550,000 options to consultants, of which 400,000 options are exercisable at $0.41 per share and 150,000 options are exercisable at $0.50 per share. All of the options have been granted for a term of five years. The securities represented by this grant will be subject to a four-month hold period.

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.