Graph-based Retrieval-Augmented Generation (GraphRAG) mitigates hallucinations in Large Language Models (LLMs) by grounding them in structured knowledge. However, current GraphRAG methods are constrained by a prevailing \textit{build-then-reason} paradigm, which relies on a static, pre-constructed Knowledge Graph (KG). This paradigm faces two critical challenges. First, the KG's inherent incompleteness often breaks reasoning paths. Second, the graph’s low signal-to-noise ratio introduces distractor facts, presenting query-relevant but misleading knowledge that derails the reasoning process. To address these challenges, we argue for a \textit{reason-and-construct} paradigm and propose Relink, a framework that dynamically builds a query-specific evidence graph. To tackle incompleteness, \textbf{Relink} instantiates required facts from a latent relation pool derived from the original text corpus, repairing broken paths on the fly. To handle misleading or distractor facts, Relink employs a unified, query-aware evaluation strategy that jointly considers candidates from both the KG and latent relations, selecting those most useful for answering the query rather than relying on their pre-existence. This empowers Relink to actively discard distractor facts and construct the most faithful and precise evidence path for each query. Extensive experiments on five ODQA benchmarks show that Relink achieves significant average improvements of 5.4\% in EM and 5.2\% in F1 over leading GraphRAG baselines, demonstrating the superiority of our proposed framework. The code is available at https://github.com/DMiC-Lab-HFUT/Relink.