Goldrea Resources Corp. (TSX VENTURE:GOR)(PINK SHEETS:GORAF)(FRANKFURT:GOJ) (the
"Company") reports that underground development is progressing extremely well at
the Golden Rose Mine in Shandong Province, China.


As of December 25, 2008, 2,093 meters (6,865 feet) of lateral development and
280 meters (918 feet) of raises have been completed on five levels from the 235
meter (771 feet) deep shaft; additionally 160 meters (525 feet) of sumps
(sufficient to hold 12 hours of water inflow) and a pumping system has been
installed. The shaft, surface plant and underground ventilation system have been
completed. Nearly 12,000 tonnes of gold sulphide material primarily from the
development crosscuts has been stockpiled on surface to be shipped to the mill
at 20,000 tonnes.


The Company has entered into an agreement with the Daye Gold Mine to continue
the exploration and development underground. The cash flow from the 20,000 tonne
underground stockpile material should pay for the ongoing extensive development
underground. The cash flow will be split 90% Goldrea and 10% Daye.


Mineralization is developing nicely with assays to 21.30 g/t Au (0.621 oz/t) as
follows:


Level 1 - No samples reported, 130 meters (426 feet) of lateral development

Level 2 - 520 meters (1,706 feet) of lateral development



---------------------------------------------------------------
                   Total Sample Length
Sample             -------------------       Assay        Assay
Location                (m)        (ft)     Au g/t      Au oz/t
---------------------------------------------------------------
Drift Xcut Main        5.3        17.4        2.32        0.068
---------------------------------------------------------------
West Drift Main        4.2        13.8        3.57        0.104
---------------------------------------------------------------
West B Drift          19.0        62.3         5.0       0.1458
---------------------------------------------------------------
 Includes              2.0        6.56`      12.95        0.378
---------------------------------------------------------------

---------------------------------------------------------------
West Xcut #1           7.0       23.00        2.42        0.071
---------------------------------------------------------------
West Xcut #2           7.5        24.6        4.25        0.124
---------------------------------------------------------------
West Xcut #4           3.0         9.8        2.62        0.076
---------------------------------------------------------------
West Xcut #6           5.5        18.0
---------------------------------------------------------------
 Includes              1.5         4.9       21.30        0.621
---------------------------------------------------------------

---------------------------------------------------------------
East Drift Main        8.0        26.2        6.88        0.201
---------------------------------------------------------------
 Includes              2.0         6.7       15.50        0.452
---------------------------------------------------------------

---------------------------------------------------------------
East Xcut #1           9.0        29.5        3.31        0.097
---------------------------------------------------------------
East Xcut #2           2.5         8.2        2.15        0.063
---------------------------------------------------------------
East Xcut #3           7.5        24.6        2.71        0.079
---------------------------------------------------------------
East Xcut #4           1.5         4.9        0.65        0.019
---------------------------------------------------------------
East Xcut #6           1.5         4.9        3.60        0.105
---------------------------------------------------------------
East Xcut #7           3.0         9.8        6.00        0.175
---------------------------------------------------------------
East Xcut #9           1.5         4.9        1.55        0.045
---------------------------------------------------------------
East Xcut #11          4.0        13.1        4.58        0.134
---------------------------------------------------------------
East Xcut #13          1.2         3.9        2.10        0.061
---------------------------------------------------------------



Level 3 - 608 meters of lateral development



---------------------------------------------------------------
                   Total Sample Length
Sample             -------------------       Assay        Assay
Location                (m)        (ft)     Au g/t      Au oz/t
---------------------------------------------------------------
Main N/S Drift         2.0         6.6        2.50        0.073
---------------------------------------------------------------
Main N/S Drift        13.5        44.3         2.8        0.082
---------------------------------------------------------------
West Main Drift       19.8        64.9        2.54        0.074
---------------------------------------------------------------
West Raise #1         12.0        39.4        1.66        0.048
---------------------------------------------------------------
West Xcut #3           4.5        14.8         1.1        0.032
---------------------------------------------------------------
West Xcut #5           8.0        26.2         1.3        0.038
---------------------------------------------------------------

---------------------------------------------------------------
East Main Drift       22.0        72.2        2.51        0.073
---------------------------------------------------------------
East Xcut 4            1.5         4.9        2.80        0.082
---------------------------------------------------------------



Level 4 - 710 meters of lateral development



---------------------------------------------------------------
                   Total Sample Length
Sample             -------------------       Assay        Assay
Location                (m)        (ft)     Au g/t      Au oz/t
---------------------------------------------------------------
Main N/S Drift         8.5        27.9        2.29        0.067
---------------------------------------------------------------
West Main Drift        4.0       13.12        2.18        0.064
---------------------------------------------------------------
West Drift            15.4        50.5        2.32        0.067
---------------------------------------------------------------
West Drift             4.4        14.4        5.35        0.156
---------------------------------------------------------------

---------------------------------------------------------------
West Xcut #1           8.8        28.9        5.70        0.166
---------------------------------------------------------------
 Includes             2.20         7.2       13.50        0.394
---------------------------------------------------------------
West Xcut #3           1.5         4.9        1.80        0.052
---------------------------------------------------------------
                       1.5         4.9        4.20        0.122
---------------------------------------------------------------
                       1.5         4.9       10.04        0.293
---------------------------------------------------------------

---------------------------------------------------------------
West Xcut #5           1.5         4.9        5.85        0.170
---------------------------------------------------------------
                       1.5         4.9        2.10        0.061
---------------------------------------------------------------
                       1.5         4.9        4.95        0.144
---------------------------------------------------------------
                       1.5         4.9        3.50        0.102
---------------------------------------------------------------
West Xcut #7           3.0         9.8        2.98        0.087
---------------------------------------------------------------
West Xcut #9           6.0        19.7        2.76        0.080
---------------------------------------------------------------

---------------------------------------------------------------
East Drift            11.0        36.1        1.93        0.056
---------------------------------------------------------------

---------------------------------------------------------------
East Xcut #1           1.5         4.9        2.05        0.073
---------------------------------------------------------------
                       1.5         4.9        1.40        0.041
---------------------------------------------------------------
East Xcut #3           4.5        14.8        4.07        0.119
---------------------------------------------------------------
 Includes              1.5         4.9        6.95        0.203
---------------------------------------------------------------
East Xcut #3           7.5        24.6        1.54        0.045
---------------------------------------------------------------
East Xcut #5           7.5        24.6        2.25        0.066
---------------------------------------------------------------
 Includes              1.5         4.9        5.80        0.169
---------------------------------------------------------------



Level 5 - 125 meters of lateral development; 160 meters of sumps; no samples
reported.


Note: oz/ton is troy ounces per short ton (2,000 lbs); all other units are
metric. Assays are done in the Daye Mine Laboratory by standard assaying
methods. Goldrea has verified that these methods agree closely with checks run
by approved Canadian assay labs.


Updates will be reported when they are received.

This news release was reviewed by Norm Tribe, P.Eng., a qualified persona
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.
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