Gulfside Registered as 5% Owner of ECM LLC

VANCOUVER, December 9 - Robert L. Card, President of Gulfside Minerals Ltd., ("Gulfside" or the
"Company") (TSXV: GMG), is pleased to report the shares representing five
percent (5%) of ECM LLC ("ECM"), the Mongolian company which owns the
exploration license to the Erdenetsogt coal project ("Erdenetsogt"), have
been successfully transferred to Gulfside. The transfer was made by way of
Court Order and an amendment to the Foreign Investment and Foreign Trade
Agency Certificate.

The Company's previous news releases dated April 30, 2009, May 26, 2009
and July 3, 2009, outlined its legal actions against the vendors of the
Erdenetsogt under a June 17, 2007 Agreement. The vendors, at various times,
agreed to the Company expending funds in exploration in exchange for a share
in the property, paying funds to the vendors for an interest in the property,
and also agreed to the Company acquiring 100% of the project. However, the
vendors failed to deliver on their commitments and in some cases refused to
execute the agreements and amended agreements after all parties had agreed to
the terms.

The Company commenced legal proceedings to secure a 5% interest in the
Erdenetsogt. On April, 2009, the Company won the first round in Mongolia's
Bayangol district and was awarded 5% of the shares of ECM. The vendors
appealed to Ulan Bator City Appeal Court wherein the Company again was
recognized to its entitlement of 5% of the project but the Ulan Bator Appeal
Court disagreed on awarding 5% of the ECM shares. The Company appealed to the
Supreme Court of Mongolia where the order of the Lower Court was upheld and
the Company was then entitled to the shares of ECM. The vendors complained to
the Chief Justice of the Supreme Court of Mongolia who rejected the complaint
of the vendors and cleared the way for 5% of ECM shares to be transferred to
the Company.

The Company, along with its Mongolian legal counsel, will determine the
next round of legal action against the vendors in Mongolia. The Company will
review all avenues available to it to assert its right for additional shares
of ECM.

    On behalf of the Board of Directors
    Gulfside Minerals Ltd.
    "Robert L. Card"
    Robert L. Card
    President

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.

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.

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