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GUL

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Share Name Share Symbol Market Type
TSXV:GUL TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Gulf Shores Acquires Bakken Acreage

28/01/2011 10:47pm

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Gulf Shores Resources Ltd. (TSXV:GUL)
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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.

Contacts: Gulf Shores Resources Ltd. Mr. Gerald Otterman (604) 683-3309 or Toll Free: (866) 292-2601 (604) 844-2834 (FAX) info@gulfshoresresources.com www.gulfshoresresources.com

1 Year Gulf Shores Resources Ltd. Chart

1 Year Gulf Shores Resources Ltd. Chart

1 Month Gulf Shores Resources Ltd. Chart

1 Month Gulf Shores Resources Ltd. Chart