Wednesday, November 14, 2007
Initial Assay Results Received For Dorozhni Property, Far East Russia

Golden Reign Resources Ltd. (the "Company")(TSXV: GRR) is pleased to announce that it has received assay results from an initial sampling program conducted on its Dorozhni property, located in the Magadan Region of Far East Russia.

A total of 14 samples were collected during a recent property visit. These samples, most of which originate from two trenches covering an aggregate 1.5 kilometres on the N-NE slope of Dorozhni, are representative of all mineralized areas and differing rock formations. The trenches were designed to expose known mineralized quartz veins and zones in both the granodiorite intrusive and metamorphosed sediments.

The samples, along with 6 control samples, were submitted to Moscow-based Alex Stewart Geo Analytical Ltd., a division of Alex Stewart (Assayers) Ltd. of England, as part of the Company's check assay protocol. Select results are as follows:

Table 1 - Dorozhni Property Samples with Assay Results

No.	Sample Number	Location	Type	Description	Grade Au (g/t)
1	DR-4	Trench 1	Chip sample - 1.4m interval	Altered granodiorite with sulphide mineralization (aspy, py) and containing 2 quartz veins of 1 cm and 50cm in width.	2.74
2	DR-5	Trench 1	Chip sample - 0.3m interval	Totally altered granodiorite, on tectonic contact, contains one quartz vein 2cm wide.	4.84
3	DR-16	Trench 1	Chip sample - 0.35m interval	Fault zone, totally altered granodiorite.	1.65
4	DR-17	Trench 1 – Vein No. 1	Chip sample - 0.60m interval	Highly mineralized quartz vein (massive sulphides), visible gold.	18.69

Although historical exploration has focused on high-grade gold bearing quartz veins at or near surface, the Company believes that the property has potential for a low-grade bulk tonnage gold deposit. The 2007 exploration program was designed to test this theory.

Sample DR-17, collected from Vein No. 1 within Trench 1, tested the sheeted vein system within the granite intrusive. Representing the true width of Vein No. 1, this sample returned values of 18.69 g/t gold. The exposed portion of this vein ranges between 0.4 and 1.1 metres in width and has been traced over a length of 150 metres. Approximately 30 kilograms (over 900 ounces) of gold was historically mined from Vein No. 1, including high-grade pockets grading several kilograms of gold per tonne. Vein No. 1 is open in both directions and remains to be tested by drilling to depth.

Dipping gently to the northwest, this quartz vein has intense massive sulphide mineralization along the vein selvage containing visible gold. Coarse-grained native gold mineralization is also observed within the vein. Gold grains range in size from 0.5 to 2.0 mm. Reportedly, gold grains occasionally reach a few centimetres in size.

The first phase of exploration included the testing of host rocks surrounding auriferous quartz veins for gold mineralization. Samples DR-4, DR-5 and DR-16, as outlined in Table 1 above, were collected from altered granodiorite zones within the intrusive body. These samples evidence that gold mineralization is not restricted solely to quartz veins but also occurs within the surrounding rock.

A number of samples collected from the granodiorite intrusive body exhibit low metamorphism with no visible mineralization. Samples DR-1, DR-7, DR-14 and DR-15 returned values ranging from 0.03 to 0.67 g/t gold. These samples indicate that gold mineralization is likely disseminated through the entire intrusion.

Samples DR-9, DR-12 and DR-19, collected from the metamorphosed sediments, did not return any significant gold values.

The three remaining samples, DR-11, DR-18 and DR-20, are float samples collected from the riverbed of Dorozhni Creek within a stockwork zone roughly 50 metres by 70 metres wide. This previously unreported zone is situated in the NE portion of the property just below the exposed sheeted quartz veins. While no significant gold values were returned from these particular samples, high sulphide mineralization was observed in boulders located within the riverbed. The Company intends to remove the overburden to allow for proper channel sampling by diamond saw, which should provide a better representation and understanding of this newly discovered zone.

A set of standards, prepared by WCM Minerals Inc. of Vancouver, British Columbia, were included in the samples submitted to Alex Stewart Geo Analytical Ltd. The Company is pleased to report that the results for the standard assays were very comparable.

The bulk of the samples collected during the 2007 exploration program at Dorozhni are being assayed at the Magadangeology laboratory located in Magadan City. Assays are pending and will be released as they become available.

About Alex Stewart (Assayers) Ltd.

A privately owned, independent company based in Merseyside, England, Alex Stewart (Assayers) Ltd. has supplied quality inspection, supervision and analytical services for base metal ores and precious metal bearing concentrates to the mining industry and its associated traders since 1978.
Recognized as a market leader, Alex Stewart provides world class inspection and laboratory services, including: preparation and analysis of mining exploration samples; quality and quantity inspection; and, verification and certification for the facilitation of international trade.
It is an ISO 9001:2000 accredited organization that is approved by or a member of the: London Metal Exchange (LME); Commodity Exchange in New York (COMEX); International Precious Metals Institute (IPMI); and numerous other organizations.

Qualified Person

John M. Kowalchuk, P.Geo, an independent geologist and qualified person (as defined under NI 43-101) has reviewed the technical information contained in this news release.

About Magadan

The Magadan Region is considered one of the world's richest mining areas, with gold being the main resource of the region. There are approximately 2,000 placer gold deposits, 100 gold ore deposits and 48 silver deposits. Total probable gold reserves in the Magadan Oblast are estimated at 4,000 tons (128,000,000 ounces) (source: Kommersant).

About Golden Reign:

Golden Reign Resources Ltd. is a publicly listed (TSX-V: GRR) mineral exploration company engaged in the business of exploring and developing a portfolio of precious metals and mineral assets in Far East Russia and Canada.

On August 23, 2007, the TSX Venture Exchange accepted for filing the formal agreement dated June 8, 2007 between the Company and Status LLC ("Status"), the mining division of CentroCredit Bank of Moscow, pursuant to which the Golden Reign has a right to acquire up to a 50% equity interest in Gold Mining Corporation LLC ("GMC") by incurring aggregate exploration expenditures totalling US$6,000,000 over a three-year period. GMC is a private Russian company jointly formed by Status and the Company to hold the 20-year comprehensive exploration-mining licences for the Butarni and Dorozhni mineral properties, both of which are located in the Magadan Region of Far East Russia.

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

On behalf of the Board,

"Kim Evans"
Kim Evans, CGA
Director & CFO

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 in Russia, 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.