Goldrea Resources Corp. — Capital/Financing Update 2025

Jan 29, 2025

GOLDREA RESOURCES CORP.

Goldrea Announces Non-Brokered $500,000 Private Placement

January 24, 2025 - Vancouver, British Columbia
CSE:GOR, Frankfurt:GOJ1, OTC.US:GORAF

Goldrea Resources Corp. (“Goldrea” or the “Company”) will be conducting a non-brokered private placement consisting of both units and flow-through units, for aggregate gross proceeds of up to $500,000.

The Company will be offering up to 12,500,000 flow-through units (“FT Units”) at $0.016 per FT Unit. Each FT Unit will be comprised of one flow-through common share and half of a non-flow-through common share purchase warrant with an exercise price of $0.05 for a period of three years.

Proceeds from the FT Units will be used for exploration activities on the Company’s mineral properties in the “Golden Triangle” area of northern British Columbia. The 2025 program for the Cannonball and Adrian projects will include detailed geological work and 3D IP surveys on the two porphyry targets that Goldrea has identified since 2020 and recon work to identify additional targets.

The Company will be offering up to 21,428,570 (non-flow-through) units (“Units”) at $0.014 per Unit. Each Unit will be comprised of one common share and one-half of a common share purchase warrant with an exercise price of $0.05 for a period of three years. Proceeds from the Units will be used for general administration expenses.

All securities to be issued under the private placement will be subject to a four-month hold. A finder’s fee may be paid in connection with the financing.

Jim Elbert, Goldrea’s President and CEO, comments, “The Golden Triangle has continued to lead the exploration of gold and copper in North America. We believe that this trend will only accelerate, with Goldrea’s promising prospects yielding positive results within this prolific zone. An exciting stage of development is expected to be forthcoming and Goldrea is in the centre of this activity.”

For more information, please contact:
James Elbert, President and CEO
Telephone: (604) 559-7230
Email: jelbert@goldrea.com

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain “forward-looking statements”, which are statements about the future based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.