Goldrea Resources Corp. announced that it has accepted the resignation of Mr. Larry Reaugh as Chief Executive Officer and President of the company effective July 9, 2012. He will remain as a Director only. Succeeding Mr. Reaugh, the company announced the approval of Mr. James Elbert as Chief Executive Officer and President of the company effective July 9, 2012. Mr. Elbert has been intimately involved in the growth and development of Goldrea for more than 10 years. Mr. Elbert has worked closely with a variety of junior mining companies, both from a financing and market perspective, as well as on an operational level.