VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/04/09 -- Larry W. Reaugh, President and Chief Executive Officer of Goldrea Resources Corp. (TSX VENTURE: GOR)(PINK SHEETS: GORAF)(FRANKFURT: GOJ) is pleased to report that the processing of the 20,000 tonnes of development material from the Daye Gold Joint Venture (90% Goldrea) commenced on November 2, 2009.

Processing of the gold bearing resource will take approximately 2 weeks. The 20,000 tonnes was obtained from development work and x-cuts accessed by the Golden Rose Shaft. The material graded from 0.5 to 3 grams and the final grade will not be known until completion of processing and refining of the product. The processing is being monitored by Paul Blair, Chief Operating Officer and Director of Goldrea. Future gold bearing material will be produced from underground stopes and production is expected later this year. The Company will have better control of the stope material grade as only a small percentage of the material will come from development and x-cutting. Results of the bulk test will be reported when they are received.

Gold Rush, Arizona and Flap, BC Gold Projects

The Company has received drill permits for both the Flap and Gold Rush programs. The Company will report when the drilling commences on these projects.

This news release was reviewed by Norm Tribe, P.Eng., a Qualified Person recognized under NI 43-101.

GOLDREA RESOURCES CORP.

Larry W. Reaugh, President and Chief Executive Officer

This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX-Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.

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