Gulfside Minerals Ltd.

Gulfside Minerals Ltd.

June 17, 2009 17:14 ET

Gulfside Minerals Ltd.: Results of the Annual General Meeting of Shareholders

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 17, 2009) - Robert L. Card, President of Gulfside Minerals Ltd. ("Gulfside" or the "Company") (TSX VENTURE:GMG), is pleased to announce the results of the Annual General Meeting of shareholders held in Vancouver, British Columbia on June 11, 2009. The shareholders approved all motions put forth at the meeting including the ratification of Gulfside's Stock Option Plan.

The incumbent directors re-elected for the coming year are:

Robert L. Card, B.A. (Econ)
John Jenks, B.Sc, P.Eng.
Dr. Zigurts Strauts, B.Sc. MD.

The directors have appointed the following officers for Gulfside:

Robert L. Card, B.A. (Econ) - President and Chief Executive Officer
Blaine Y. Bailey, CGA, - Chief Financial Officer
Betty Anne Loy, - Corporate Secretary

The following directors were appointed to the Audit Committee:

Robert L. Card
John Jenks
Dr. Zigurts Strauts

The Company welcomed Bat-Amgalan Baatarjav, Gulfside's General Manager and Director of Operations of the Company's activities in Mongolia to the meeting and to his first visit to Canada.

The Khar-khonkhor (Black Hole) Brown Coal Deposit and the Onjuul (Onjuul) Brown Coal Deposit located about 170 km SW of the city of Ulaanbaatar, were discussed. The President briefly outlined potential scenarios for development of the project. The Company plans an extensive drilling program this summer to define resources compliant with NI 43-101 standards. Previous resource estimates were based on original Russian/Mongolian exploration results and are not considered compliant with present day NI 43-101 standards. This acquisition is subject to TSX Venture Exchange approval.

The Company's Cease Trade Order of December 21, 2007 has been lifted and the Company now awaits the final review and approval of its new acquisitions by the TSX Venture Exchange.

The Company's website is undergoing comprehensive re-design and will be back online soon.

The Board of Directors would like to thank the shareholders for their continued support.

On Behalf of the Board of Directors,

Gulfside Minerals Ltd.

Robert L. Card, President

Forward-Looking Statements: This document includes forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning GMG's planned exploration program in Mongolia and other statements that are not historical facts. When used in this document, the words such as "could", "plan", "estimate", "expect", "intend", "may", "potential", "should", and similar expressions are forward-looking statements. Although GMG believes that its expectations reflected in these forward looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Important factors that could cause actual results to differ from these forward-looking statements are disclosed under the heading "Risk Factors" and elsewhere in the corporation's periodic filings with Canadian securities regulators.

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

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