GULFSIDE MNR : Gulfside Appoints New Vice President

Jan 24, 2012 Gulfside Appoints New Vice President Vancouver, B.C. -- January 24, 2012 - Robert L. Card, President of Gulfside Minerals Ltd. ("Gulfside" or the "Company"), is pleased to report the Company has appointed Phillip Thomas, Bsc., MBus., MAIG., to the office of Vice President, Exploration effective immediately. His key responsibility will be advising the board on its exploration strategy and assisting with its execution. Mr. Thomas is a mining industry professional with extensive experience in board, executive and senior-level roles. The Rincon and Vallenar projects demonstrate his ability and experience at quickly bringing to commercialization early-stage exploration projects, as well as solving technical problems in the exploration and mining process, with his keen understanding of geophysics and iron ore. Mr. Thomas is a senior officer of Vallenar Iron Company, Chile ("Vallenar"). He has been involved with the Vallenar's magnetite iron ore project since inception in February 2005, when he was the CEO of Melbourne-based, Admiralty Resources NL ("Admiralty"), a publicly-listed company on the Australian Stock Exchange (ASX:ADY). A pilot plant was constructed in 2006 and full-scale production commenced in 2007. From 2003 to 2008, while Mr. Thomas was Managing Director of Admiralty, he was responsible for several other projects, including a lithium deposit in Argentina (Rincon), a lead zinc deposit in Northern Territory (Bulman), and a cobalt nickel deposit in Western Australia (Pyke Hill). From 1999 to 2003, Mr. Thomas ran his own business and worked for clients in a range of mining projects providing exploration, risk, financial modeling and ore reserve services. Prior to that, he worked as a consultant for a major international actuarial consulting firm, and headed up at the Director-level, the retail division of a private banking, stockbrokerage and financial advisory group. He was a part of the team that raised the capital for and floated 22 companies on the ASX. Prior to that, he worked for five years with Macquarie Bank in investment banking, asset management and fixed interest. Mr. Thomas holds a Bachelor of Science Degree in Geology from Australian National University, and a Masters in Business Marketing from Monash University, Australia. He holds a Certificate in Financial Analysis, from the Australian Securities Institute, and is a member of the Australian Institute of Geoscientists. Mr. Thomas brings added strength to the Company's technical abilities in the iron ore mineral sector as Gulfside focuses on its iron ore projects. On Behalf of the Board of Directors, Gulfside Minerals Ltd. "Robert L. Card" Robert L. Card President Investor Contact: Robert L. Card 604-687-7828 [e-mail] Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Disclaimer for Forward-Looking Information: Statements containing forward-looking information express, as at the date of this news release, the Company's plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and are believed to be reasonable based on information currently available to the Company. Forward-looking statements and information are based on assumptions that financing and personnel will be available when required and on reasonable terms, and all necessary regulatory approvals and shareholder approval will be obtained, none of which are assured and are subject to a number of other risks and uncertainties. There can be no assurance that forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking information.