Gulf Shores Resources Ltd.
TSX VENTURE : GUL
FRANKFURT : GFU

Gulf Shores Resources Ltd.

January 10, 2008 13:43 ET

Gulf Shores Resources Ltd.: Update on Petro-Canada Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 10, 2008) - Gulf Shores (UK) Limited, a wholly owned UK subsidiary of Gulf Shores Resources Ltd. (TSX VENTURE:GUL)(FRANKFURT:GFU) will participate in the drilling of a well in UKCS License P233, Block 15/18a to test the 'Maria' prospect. The well, to be operated by Petro-Canada UK Limited, will be drilled with the Global SantaFe Arctic III semi-submersible rig with operations due to commence in early February 2008. Gulf Shores will pay 11.11% of the cost to drill and, if required, conduct DST operations to earn an 8.33% interest in License P233, Block 15/18a. The Company has identified three additional prospects / leads in the block that require new 3D seismic to mature to a drill ready status.

ON BEHALF OF THE BOARD

Michael Turko, President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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