Gulfside Minerals Ltd. - Analytical Results of Coal Quality From 2009 Drilling Campaign

VANCOUVER, January 27 - 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
     ------------------------------------------------------------------------
     No. 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.

For further information: Investor Contact: Del Thachuk, Delmor
Enterprises Ltd., +1(604)538-5995, Delthachuk@shaw.ca,
www.gulfsideminerals.com

For further information: Investor Contact: Del Thachuk, Delmor Enterprises Ltd., +1(604)538-5995, Delthachuk at shaw.ca