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June 12, 2012
NEWS RELEASE - #12-12
TSX- V: GRR

GOLDEN REIGN TRENCHES4.0 METRES OF 21.0 G/T GOLD

AND 21.9 G/T SILVER AT LAS CONCHITAS

Golden Reign Resources Ltd. (the "Company" or "Golden Reign")(TSX-V: GRR) is verypleased to reportresults from its on-going 2012 trenching program in the Las Conchitas area of its San Albino-Murra Gold Property (the “Property”), Nicaragua.

The California Vein-Las Dolores Mine area is the first of three highly prospective areas located in the southwest corner of the flagship Property to be tested by trenching (see attached map). Two near-surface high-grade vein prospects –California and Las Dolores –were tested to a depth of approximately 1.5 metres. Highlights from trenching include:

SAMTR-12-01 - 4.0 metres grading 21.00 g/t gold and 21.9 g/t silver

and2.0 metres grading 14.72 g/t gold and 21.6 g/t silver

and4.0 metres grading 15.36 g/t gold and 24.0 g/t silver

-including 1.0 metre of 61.06 g/t gold and 94.0 g/t silver

SAMTR-12-02 - 3.5 metres grading 42.64 g/t gold and 11.7 g/t silver

and4.0 metres grading 9.49 g/t gold and 3.3 g/t silver

and2.0 metres grading 7.27 g/t gold and 5.5 g/t silver

SAMTR-12-04 - 12.6 metres grading 6.56 g/t gold and 12.5 g/t silver

- including 4.6 metres of 16.02 g/t gold and 29.6 g/t silver

This zone now has a strike length of 750 metres and remains open in both directions and at depth. It extends southwest onto Golden Reign’s recently acquired El Jicaro Concession.

California and Las Dolores represent the extension of structures first identified by trenching in 2011 and further outlined by a 2012 sampling program (see news releases dated October 6, 2011 and March 21, 2012). Highlights from prior trenching and sampling (see attached map) include:

Trenching

TR-21 - 14.0 metres of 5.89 g/t gold and 11.8 g/t silver

including: 4.0 metres of 8.46 g/t gold and 21.2 g/t silver and

7.0 metres of 6.11 g/t gold and 9.8 g/t silver

Sampling

California vein2.0 metres of 69.33 g/t gold and 47.8 g/t silver

comprised of: 1.0 metre of 137.35 g/t gold and 93.7 g/t silver and

1.0 metre of 1.30 g/t gold and 1.9 g/t silver

California and Las Dolores are only two of twenty-nine high priority targets the Company plans to test in 2012, initially by trenching and subsequently by diamond drill. All targets are hosted within theCorona de Oro Gold Belt, which spans the Company’s 138 square kilometre land package and isapproximately 3 kilometres wide by 25 kilometres long.

Las Conchitas is located approximately 3 kilometres south of the San Albino Mine area,where the Company currently has three drill rigs in operation and is working towards its maiden resource calculation.

Detailed results from trenching at the California Vein-Las Dolores Mine area follow:

Trench
No. / Sample
No. / From
(m) / To
(m) / Width
(m) / Description / Au
(g/t) / Ag
(g/t)
CALIFORNIA VEIN
SAMTR-12-01 – Mineralized schists with quartz veinlets and fragments. Two intervals returned 4.0 metres grading 21.00 g/t gold and 21.9 g/t silver and 2.0 metres grading 14.72 g/t gold and 21.6 g/t silver, respectively.
SAMTR-12-01 / 73063 / 4.0 / 6.0 / 2.0 / mineralized schists with quartz material / 37.88 / 36.3
SAMTR-12-01 / 73064 / 6.0 / 8.0 / 2.0 / mineralized schists with quartz material / 4.11 / 7.5
SAMTR-12-01 / 73067 / 11.0 / 12.0 / 1.0 / mineralized schists with quartz material / 26.86 / 39.7
SAMTR-12-01 / 73068 / 12.0 / 13.0 / 1.0 / mineralized schists with quartz material / 2.58 / 3.4
SAMTR-12-01 - Quartz vein within mineralized schist (host rock) returned 4.0 metres grading 15.36 g/t gold and 24.0 g/t silver, including 1.0 metre wide quartz vein which graded 61.06 g/t gold and 94.0 g/t silver.
SAMTR-12-01 / 73070 / 15.0 / 16.0 / 1.0 / mineralized schists with quartz material / 0.12 / 0.4
SAMTR-12-01 / 73071 / 16.0 / 17.0 / 1.0 / mineralized quartz vein / 61.06 / 94.0
SAMTR-12-01 / 73072 / 17.0 / 19.0 / 2.0 / mineralized schists with quartz material / 0.14 / 0.7
SAMTR-12-01 - Sample collected along the strike of the quartz vein returned 1.0 metre of 70.62 g/t gold and 59.4 g/t silver.
SAMTR-12-01 / 73097 / 1.0 / sample along strike of quartz vein / 70.62 / 59.4
SAMTR-12-02 – 3.0 metre wide mineralized zone exposed in exploration pit returned elevated gold values in one sample and included two samples collected from schists.
SAMTR-12-02 / 72591 / 28.0 / 29.0 / 1.0 / mineralized quartz vein / 1.78 / 2.4
SAMTR-12-02 / 72593 / 30.0 / 31.0 / 1.0 / mineralized schists with quartz material / 0.37 / 0.5
SAMTR-12-02 / 72594 / 31.0 / 32.0 / 1.0 / mineralized schists with quartz material / 0.55 / 2.8
SAMTR-12-02 - Mineralized quartz vein and schists returned 3.5 metres of 42.64 g/t gold and 11.7 g/t silver.
SAMTR-12-02 / 72595 / 32.0 / 32.5 / 0.5 / mineralized schists with quartz material / 0.88 / 1.0
SAMTR-12-02 / 72596 / 32.5 / 33.5 / 1.0 / mineralized quartz vein / 148.47 / 39.6
SAMTR-12-02 / 72597 / 33.5 / 35.5 / 2.0 / mineralized schists with quartz material / 0.16 / 0.4
SAMTR-12-02 - Mineralized quartz vein and schists returned 4.0 metres of 9.49 g/t gold and 3.3 g/t silver.
SAMTR-12-02 / 72651 / 40.0 / 41.0 / 1.0 / mineralized quartz vein / 0.84 / 1.5
SAMTR-12-02 / 72652 / 41.0 / 41.5 / 1.5 / mineralized schists with quartz material / 0.15 / <0.1
SAMTR-12-02 / 72653 / 41.5 / 43.0 / 1.5 / mineralized quartz vein / 24.60 / 7.8
SAMTR-12-02 - Mineralized quartz vein and schists returned 2.0 metres of 7.27 g/t gold and 5.5 g/t silver.
SAMTR-12-02 / 72656 / 47.0 / 49.0 / 2.0 / mineralized schists with quartz material / 7.27 / 5.5
SAMTR-12-03 – 3.0 metres wide mineralized zone exposed in exploration pit returned elevated gold values in one sample and included two samples collected from schists.
SAMTR-12-03 / 72180 / 10.5 / 12.0 / 1.5 / mineralized schists with quartz material / 0.31 / 0.6
SAMTR-12-03 / 72181 / 12.0 / 13.5 / 1.5 / mineralized schists with quartz material / 0.45 / 0.3
SAMTR-12-03 - Sample collected along the strike of the quartz vein returned 1.0 metre of 13.08 g/t gold and 4.9 g/t silver.
SAMTR-12-03 / 75858 / 1.0 / sample along strike of quartz vein / 13.08 / 4.9
Trench
No. / Sample
No. / From
(m) / To
(m) / Width
(m) / Description / Au
(g/t) / Ag
(g/t)
LAS DOLORES VEIN
SAMTR-12-04 - 12.6 metre wide mineralized zone returned 6.56 g/t gold and 12.5 g/t silver, including 4.6 metres grading 16.02 g/t gold and 29.6 g/t silver and 1.0 metre of 6.62 g/t gold and 12.4 g/t silver.
SAMTR-12-04 / 75870 / 0.0 / 2.0 / 2.0 / mineralized schists with quartz material / 0.21 / 0.6
SAMTR-12-04 / 75871 / 2.0 / 3.5 / 1.5 / mineralized schists with quartz material / 0.23 / 0.4
SAMTR-12-04 / 75872 / 3.5 / 4.5 / 1.0 / mineralized quartz vein / 24.98 / 33.2
SAMTR-12-04 / 75873 / 4.5 / 5.5 / 1.0 / mineralized quartz vein / 9.22 / 20.6
SAMTR-12-04 / 75874 / 5.5 / 6.5 / 1.0 / mineralized quartz vein / 29.37 / 70.2
SAMTR-12-04 / 75875 / 6.5 / 7.5 / 1.0 / mineralized quartz vein / 2.89 / 6.4
SAMTR-12-04 / 75876 / 7.5 / 8.1 / 0.6 / mineralized quartz vein / 12.05 / 5.6
SAMTR-12-04 / 75877 / 8.1 / 9.6 / 1.5 / mineralized schists with quartz material / 0.63 / 4.3
SAMTR-12-04 / 75878 / 9.6 / 10.6 / 1.0 / mineralized quartz vein / 6.62 / 12.4
SAMTR-12-04 / 75879 / 10.6 / 12.6 / 2.0 / mineralized schists with quartz material / 0.32 / 1.4
SAMTR-12-04 – Seven samples collected along the strike of the quartz veintotalling 8.8 metres returned an average of 1.26 metres grading 31.21 g/t gold and 40.3 g/t silver.
SAMTR-12-04 / 72677 / 1.5 / mineralized quartz vein / 19.61 / 40.1
SAMTR-12-04 / 72678 / 1.3 / mineralized quartz vein / 45.47 / 56.2
SAMTR-12-04 / 72579 / 1.5 / mineralized quartz vein / 19.71 / 38.6
SAMTR-12-04 / 72680 / 1.0 / mineralized quartz vein / 68.56 / 63.3
SAMTR-12-04 / 72681 / 1.5 / mineralized quartz vein / 5.52 / 6.4
SAMTR-12-04 / 72682 / 1.0 / mineralized quartz vein / 77.54 / 76.5
SAMTR-12-04 / 72683 / 1.0 / mineralized quartz vein / 2.20 / 14.0

The trenches were all excavated perpendicular to the strike of the veins. After the trench has been completed, the floor of each trench is washed, swept clean and sampled. The trench is then mapped geologically to determine the strike, dip and thickness of the quartz veins. A rock saw was used to cut a 5cm by 5 cm groove in the vein to get a consistent sized sample of vein material. While in the schist, a saw was not required as the rock is soft and easily sampled. Unless previously stated, all samples were taken, continuously along the floor of the trench across the strike of the veins. The veins all appear to be dipping steeply and sampling is believed to be representative ofthe true thickness of the veins.

Qualified Person

John M. Kowalchuk, P.Geo, a geologist and qualified person (as defined under NI 43-101) has read and approved the technical information contained in this news release.

On behalf of the Board,

“Kim Evans”

Kim Evans, CGA

President & CEO

About Golden Reign:

Golden Reign Resources Ltd. is a publicly listed (TSX-V: GRR) mineral exploration company engaged in exploring the San Albino-Murra Property and the El Jicaro Property, both of which are located in Nueva Segovia, Nicaragua. The Company recently earned an 80% interest in the San Albino-Murra Property, approximately 1.5 years ahead of schedule. The El Jicaro Property is 100% owned by Golden Reign.

The Company’s land package comprises 13,771 hectares (138 km2) of highly prospective ground. Hundreds of historical mines and workings exist within the Corona de Oro Gold Belt, which is approximately 3 kilometres wide by 20 kilometres long and spans the entirety of the Company’s land package.

Nicaragua, a mining-friendly jurisdiction, is situated in the Central American Gold Belt, which extends from Costa Rica in the south to Guatemala in the north. Within this prolific gold belt, estimates of historical production total more than 20 million ounces.

For additional information please visit our website at and SEDAR

Forward-Looking Statements: Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Such forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to political risks involving the Company’s exploration and development of mineral properties interests, the inherent uncertainty of cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, the inability or failure to obtain adequate financing on a timely basis and other risks and uncertainties. Such information contained herein represents management’s best judgment as of the date hereof, based on information currently available.

The TSX Venture Exchange has not reviewed and does not accept responsibility

for the adequacy or accuracy of this news release.