Monday, July 7, 2008 ERDENETSOGT ACQUISTION UPDATE
News of 07/07/2008
GULFSIDE MINERALS LTD. Suite 1102, 475 Howe Street, Canada Telephone 604-687-7828 Vancouver, B.C. V6C 2B3 Facsimile 604-687-7848 www.gulfsideminerals.com www.gulfsideminerals.de
NEWS TSX V. GMG FOR IMMEDIATE RELEASE
ERDENETSOGT ACQUISTION UPDATE July 07, 2008 Vancouver, B.C., Robert L. Card, President of Gulfside Minerals Ltd., (the “Company”), reports that the negotiations for the acquisition of the Erdenetsogt coal property are ongoing and remains hopeful they will conclude shortly.
Once the negotiations have concluded and the final acquisition agreement is signed, the required documentation will be forwarded to the TSX Venture Exchange (“TSXV”) for approval.
The Company will issue a comprehensive news release outlining the details of the acquisition once regulatory approval has been received.
Norwest Corporation (“Norwest”), of Salt Lake City, Utah will finalize the National Instrument 43 - 101 report on the Erdenetsogt coal property. Norwest has addressed the deficiencies outlined by the British Columbia Securities Commission (“BCSC”) and the final submission will be made upon signing of the final acquisition agreement. The NI 43-101 will be filed on SEDAR once the BCSC has accepted the filing and the TSXV has approved the acquisition of the Erdenetsogt coal property.
The Company continues to do exploration work on its other mineral properties in Mongolia. .
On behalf of the board of directors Gulfside Minerals Ltd “Robert L. Card”
Robert L. Card President
Investor Contact: Del Thachuk Phone: 604-538-5995
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 information is also available on our daily updated webiste: www.gulfsideminerals.de
UPDATE ZUM ERWERB DES ERDENETSOGT GRUNDSTÜCKS
News vom 07.07.2008
GULFSIDE MINERALS LTD. Suite 1102, 475 Howe Street, Canada Telephone 604-687-7828 Vancouver, B.C. V6C 2B3 Facsimile 604-687-7848 www.gulfsideminerals.com www.gulfsideminerals.de
NEWS TSX V. GMG ZUR SOFORTIGEN VERÖFFENTLICHUNG
UPDATE ZUM ERWERB DES ERDENETSOGT GRUNDSTÜCKS 07. Juli 2008 – - Vancouver, B.C., Robert L. Card, Präsident von Gulfside Minerals Ltd., (die "Firma"), vermeldet, dass die Verhandlungen über den Erwerb des Erdenetsogt Kohlegrundstücks im Moment noch andauern und die Firma zuversichtlich ist, dass diese in Kürze zum Abschluss gebracht werden.
Sobald die Verhandlungen abgeschlossen sein werden und der abschließende Vertrag unterzeichnet sein wird, werden die erforderlichen Unterlagen an die TSX Venture Exchange ("TSX") weitergeleitet, um den Erwerb zu genehmigen.
Sobald diese Genehmigung der TSX erhalten wurde, wird die Firma ein detailliertes News Release veröffentlichen, um die Einzelheiten des Vertrages darzustellen.
Die Firma Norwest Corporation aus Salt Lake City ("Norwest") wird den NI 43-101 Bericht über das Erdenetsogt Kohle Grundstück vervollständigen. Norwest hat die fehlenden Informationen, die von der BCSC beanstandet wurden bearbeitet und die abschließende Übergabe wird stattfinden, sobald der abschließende Vertrag über den Erwerb unterzeichnet wurde.
Der Ni 43-101 Report wird bei Sedar zur Verfügung gestellt sobald die BCSC die Einreichung der Dokumente akzeptiert hat und die TSX den Erwerb des Kohlegrundstückes genehmigt hat.
Ebenso setzt die Firma ihre Explorationsarbeit auf ihren anderen mineralischen Grundstücken in der Mongolei fort.
Im Namen des Managements Gulfside Minerals Ltd “Robert L. Card”
Robert L. Card President
Investoren Kontakt: Del Thachuk Telefon: 001-604-538-5995
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.
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