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

Gulf Shores Resources Ltd.

January 28, 2011 17:47 ET

Gulf Shores Acquires Bakken Acreage

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 17, 2011) - Gulf Shores Resources Ltd. (TSX VENTURE:GUL)(FRANKFURT:GFU) (the Company) has entered into an arms length agreement with Crown Point Ventures Ltd. (Crown Point) whereby the Company will purchase Crown Point's 47.5% interest in 2,328 acres of Petroleum & Natural Gas rights in the Wapella area of South-East Saskatchewan for a purchase price of CDN$280,000.

The acreage is prospective for the drilling of new horizontal Bakken Oil wells and includes one producing vertical Bakken Oil well and a salt water disposal facility.

The Company is not planning a consolidation of its capital stock.

Michael Turko has been appointed President & Chief Executive Officer of the Company. Gerald Otterman has resigned as President & Chief Executive Officer and has been appointed Chief Financial Officer. Ming Jang has resigned as Chief Financial Officer.

ON BEHALF OF THE BOARD

Michael Turko, President & CEO

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

Contact Information