Gulfside Minerals Ltd. - Analytical results of coal quality from 2009 drilling campaign

VANCOUVER, Jan. 27 /PRNewswire-FirstCall/ - Robert L. Card, President of Gulfside Minerals Ltd., ("Gulfside" or the "Company") (TSXV: GMG), is pleased to report on the initial preliminary results of the coal assays from the Onjuul project.

In 2009, seven core holes and four rotary holes were drilled on the Onjuul project. Preliminary seam correlations have been performed on the drilling results based on geophysical and lithologic logs. Preliminary analytical coal quality results suggest that the coals are of somewhat improved quality in terms of ash and calorific value than previously reported historic estimates.

A total of 128 coal quality samples were analyzed by the Stewart Group Labs, a certified testing facility in Ulaanbaatar, Mongolia. The initial analytical suite included total and air-dried moisture, ash, volatile matter, fixed carbon, sulfur content, and calorific value. The samples were defined to best represent the various coal benches within each seam. Initial results have been received from six of the seven holes, and have been mathematically composited to provide a weighted average of seam coal quality.

The weighted averages of each drill hole and seam intercept are presented on an air-dried basis and shown below.

    2009 Onjuul Coal Quality on Air-Dried Basis
    -------------------------------------------------------------------------
    Seam ID        1     2U    2L    2.5    3   Average  Minimum  Maximum
    -------------------------------------------------------------------------
    Moisture %    9.0   8.6   8.6   8.0   8.2     8.5      8.0      9.0
    -------------------------------------------------------------------------
    Ash %        22.1  13.3  15.5  24.3  19.6    19.0     13.3     24.3
    -------------------------------------------------------------------------
    S %           1.5   1.7   1.2   0.6   1.0     1.2      0.6      1.7
    -------------------------------------------------------------------------
    Volatile
     Matter %    31.5  34.0  33.5  27.1  32.9    31.8     27.1     34.0
    -------------------------------------------------------------------------
    Fixed
     Carbon %    37.4  44.1  42.5  32.9  39.3    39.3     32.9     44.1
    -------------------------------------------------------------------------
    Calorific
     Value
     (KCal/Kg)  4,488 5,411 5,290 4,004 4,929   4,824    4,004    5,411
    -------------------------------------------------------------------------
    Total
     Moisture %  43.0  44.4  45.1  33.0  37.4    40.6     33.0     45.1
    -------------------------------------------------------------------------
    # of Holes
     Contributing
     to Composite   3     6     4     3     3
    -------------------------------------------------------------------------
    Coal Thicknesses (m)
    -------------------------------------------------------------------------
    Average       8.5  14.5   5.5   2.0   7.5
    -------------------------------------------------------------------------
    Maximum      11.3  29.0   8.0   2.4  10.4
    -------------------------------------------------------------------------
    Minimum       6.6   1.8   1.7   1.5   2.7
    -------------------------------------------------------------------------

A comparison of the 2009 data to the originally reported historic data shows the following: Higher calorific values (4,000 - 5,400 kCal/kg vs. 4,200 - 4,700 kCal/kg), Lower ash (13 - 24% vs. 14 - 44%), Relatively similar sulfur content (0.6 - 1.7% vs. 0.4 - 1.7%), and Moderately higher moisture (8.0 - 9.0% vs. 3.9 - 8.7%).

The 2.5 seam has not previously been documented on historical data, but shows a relatively contiguous signature throughout the drilling area. Gulfside plans to continue the Second Phase of the drill program once the winter weather has improved. Company President, Robert Card, said, "The camp is on a care and maintenance basis and ready to go in anticipation of an early resumption of drilling. We look forward to completing this portion of the exploration program and gaining a more comprehensive understanding of this important asset."

Kerry F. Griffin BSc., Diploma Eng Geol, MAIG, an independent consultant to the Company and the qualified person as defined by National Instrument 43-101, has reviewed and approved the technical content of this news release.

    On behalf of the Board of
    Directors Gulfside Minerals Ltd.

    "Robert L. Card"

    Robert L. Card
    President

Neither the 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.

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 in Mongolia 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.

SOURCE Gulfside Minerals Ltd.

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