Gulfside Minerals Ltd.
TSX VENTURE : GMG

Gulfside Minerals Ltd.

March 14, 2008 13:02 ET

Gulfside Minerals Ltd.: Mongolia Coal Acquisition

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 14, 2008) - Robert L. Card, President of Gulfside Minerals Ltd. (the "Company") (TSX VENTURE:GMG) is pleased to report that it has signed a definitive agreement on its Mongolian coal project. Completion of the acquisition is subject to the approval of the TSX Venture Exchange. Once approval has been received, the Company will be issuing a comprehensive news release outlining the details of the acquisition.

Norwest Corporation ("Norwest"), a world leader in coal consultancy based in Salt Lake City, Utah, will finalize the NI 43-101 technical report on the coal property. Title details will now be included to complete the NI 43-101 report and then filed with the appropriate regulatory authorities for approval.

The Company also reports the resignation of Jurgen Wolf as a director of the Company. Mr. Wolf is a director of several other Companies and could not devote the time that is required. The Company and the board of directors would like to thank Mr. Wolf for his contribution to the Company over the years and wish him success in his other ventures.

Concurrent with Mr. Wolf's resignation, the Company is pleased to welcome Dr. Zigurts Strauts, Bsc MD to its Board of Directors. Dr. Strauts graduated from the University of Oregon with a Bsc. He later went on to obtain his MD from the University of Calgary School of Medicine. Dr. Strauts has been active as a consultant, entrepreneur and developer of companies engaged in activities from software to mining.

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 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.

This news release was prepared by management of GMG, which takes full responsibility for its contents.

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

Contact Information