Gulfside Minerals arranges private placement

    TSX.V - GMG

    VANCOUVER, June 26 /CNW/ - Robert L. Card, President of Gulfside Minerals
Ltd. (the "Company"), is pleased to announce that a non-brokered private
placement of 2,500,000 units at a price of $1.00 per unit, to raise gross
proceeds of $2,500,000 has been arranged. Each unit consists of one common
share and one share purchase warrant entitling the holder to purchase on
additional common shares of the Company at an exercise price of $1.04 per
share for a period of one year.
    A finder's fee may be payable in connection with this placement.
    The offering and finder's fee are subject to completion and execution of
appropriate documentation and acceptance for filing by the TSX Venture

    On behalf of the board of directors
    Gulfside Minerals Ltd.

    "Robert L. Card"

    Robert L. Card

    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.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the accuracy or adequacy of this news release

For further information:

For further information: Investor Contact: Robert L. Card, (604)
687-7828 or 1-888-687-7828

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