File: '\\swfile\EmailIn\20240312 063045 Attachment news release 2024.03.08.docx'

Goldrea Amends Terms of Private Placement

March 12, 2024 - Vancouver, British Columbia

Goldrea Resources Corp. (CSE: GOR, Frankfurt: GOJ1, OTC: GORAF) ("Goldrea" or the "Company") is adjusting certain terms of its private placement of units, which was previously announced on February 9, 2024. The price of each unit will now be $0.012 instead of $0.015, and each warrant will have an exercise price of $0.05 per share with an exercise period of three years. Accordingly, the number of units to be offered for the private placement will now be increased to 8,000,000 units, in order to raise gross proceeds of up to $96,000. Each unit will continue to be comprised of one common share and a common share purchase warrant.

The gross proceeds from the private placement 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.

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.