Goldrea Receives Financing Offer

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 26, 2011) - Larry W. Reaugh, President and Chief Executive Officer of Goldrea Resources Corp. (TSX VENTURE:GOR)(PINK SHEETS:GORAF)(FRANKFURT:GOJ) ("Goldrea" or the "Company") is pleased to announce the Company has received the "Binding Letter of Contract Offer" from APEX International Investment Group Ltd., on behalf of Ryhat Inc. International Finance Luxembourg for an investment loan of $16,500.00(US) subject to terms set out in their offer.

The loan would be a ten year zero based Bond issuance at a coupon rate of 7.00% per annum payable annually in arrears with a balloon payment of $16.5 million in the tenth year.

Acceptance by Ryhat Inc. is subject to:

1. Valuations and appraisal of the Rushan mining asset.
2. Standard commercial security over the assets of the company.
3. If required an insurance bond to cover sovereign risk.
4. All government approvals to be in place for the smooth transfer of funds from China to Europe.

There are several of these terms which are currently being evaluated by management.

The loan would facilitate the Company in underground development work and the sinking of a 1500 TPD shaft at the Rushan/Goldrea Project in Shandong. Management is currently reviewing the offer and will be reporting on their progress as it becomes available.

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.

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.