Goldrea Announces Non-Brokered Private Placement

September 17, 2012 - Vancouver, British Columbia

Goldrea Resources Corp. (GOR-TSX.V; Frankfurt-GOJ; Pink Sheets-GORAF) (“Goldrea” or the “Company”) announces the Company is raising by way of Non-Brokered Private Placement, up to $500,000 through the issuance of up to 16,666,666 units (“Units”) at a price of $0.03 per Unit.

Each Unit is comprised of one common share in the capital of the Company (a “Share”) plus a two year share purchase warrant (a “Warrant”).  Each Warrant entitles the holder to purchase one common share at a price of $0.05 in the first year and $0.10 in the second year from the date of issuance.

This Private Placement could be subject to finders’ fees which will be paid in accordance with the TSX Venture Exchange policies and is subject to the approval of the regulatory authorities.

Goldrea would also like to announce that it seeks approval from the TSX Venture Exchange (the “Exchange”) for a two year extension for the 7,918,000 outstanding share purchase warrants (the “November Warrants”) issued pursuant to the Company’s private placement at a price of $0.06 per unit completed on November 5, 2010.  Each November Warrant is exercisable for one common share at an exercise price of $0.10 per common share.  The November Warrants were due to expire on November 5, 2012.

The new expiry date for the November Warrants is November 5, 2014.

About Goldrea Resources Corp:

Goldrea Resources Corp. is a mineral exploration and development company that is engaged in the acquisition, exploration and development of mineral properties in North American and China. 

GOLDREA RESOURCES CORP.

James Elbert
President and Cheif Financial Officer

Information Contact

James Elbert
Telephone: 604-531-9639    Facsimile: 604-531-9634
Email: info@goldrea.com

www.goldrea.com