Goldrea Resources Inc. (GORAF)

[MERCURIAL]

The company is continuing in due diligence of Tabu Investments Inc., a private reporting company incorporated under the laws of British Columbia. Tabu has secured and is in the process of securing interest in different businesses, and as such the due diligence process has extended the time necessary to finalize a binding agreement. Along with the due diligence, Tabu is providing an independent valuation of the company. The arms-length evaluation is expected to be complete within a month. In anticipation of this, both companies are moving forward with fundamental advancement of future growth. This is reflected in the acquisitions Tabu has announced in recent weeks, available on SEDAR. The company will provide further updates as information becomes available.

Encouraging.