File: '\\swfile\EmailIn\20240209 111118 Attachment news release 2024.02.09.docx'

Goldrea Announces Non-Brokered Private Placement of Units

and Amendment of Warrants

February 9, 2024 - Vancouver, British Columbia

Goldrea Resources Corp. (CSE:GOR, Frankfurt:GOJ, OTC:GORAF)("Goldrea" or the "Company") will be conducting a non-brokered private placement of 6,000,000 units at $0.015 each, for gross proceeds of up to $90,000. Each unit will be comprised of one common share and a common share purchase warrant with an exercise price of $0.015 for a period of three years. The gross proceeds will be used for exploration and other activities for the advancement of the Company's mineral properties and for general working capital. All securities issued under the private placement will be subject to resale restrictions, including a four-month hold. A finder's fee may be paid in connection with the financing.

The Company is also extending the exercise period of the warrants issued under a private placement closed February 22, 2021, subject to approval by the Canadian Securities Exchange. The warrants originally had an exercise period which expired on February 22, 2024. The proposed extension will extend the expiry date to February 22, 2025. All other terms and conditions of the warrants will remain the same.

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.