Gulf Shores Resources Ltd.
TSX VENTURE : GUL

Gulf Shores Resources Ltd.

March 29, 2007 12:01 ET

Gulf Shores Resources Ltd.: Option Exercised on Ridgewood Project

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 29, 2007) - Further to a news release dated January 3, 2007, Gulf Shores Resources Ltd. (TSX VENTURE:GUL) has exercised its option to earn a 10% interest in the 72.5 sq. km. Ridgewood project located in block 17a in Quad 12 in the U.K. North Sea by paying US$2.7 million representing 15% of the cost of the first well.

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.

Contact Information

  • Gulf Shores Resources Ltd.
    Mr. Gerald Otterman
    (604) 683-3309 or Toll Free: 1-866-292-2601
    (604) 844-2834 (FAX)