OVERVIEW

Goldrea Resource Corp. mineral activities in British Columbia, Canada involve five properties - four of which are joint ventured with Molycor Gold Corp (50%) and one (the BX Claims) 100% owned by Goldrea.

Currently the Company has four advanced stage properties which have already had extensive prospecting, mapping, trenching, geophysics, geochemistry and limited drilling.

Drilling is planned on the Dobbin II Tadpole Lake molybdenum property as well as exploration to define a high-grade mineable molybdenum resource on the CrowRea discovery where drilling and trenching in 1997 returned values in excess of 2.0% MoS2 over 3 to 4 metres.