Robert L Card, President of Gulfside Minerals Ltd. (the "Company") (TSX
VENTURE:GMG) is pleased to announce that all subscriptions for the non-brokered
private placement of 1,000,000 units @ $1.00 per unit originally announced on
July 27, 2007 have been received, and will be forwarded to the TSX Venture
Exchange for final approval.


The Company is also pleased to report that investors associated with Mr. Bernard
Tubeileh (member of Company's Advisory Board), have taken down 600,000 units of
the private placement.


A total of 1,000,000 units at a price of $1.00 per unit are being sold and will
result in gross proceeds to the Company of $1,000,000. Each unit consists of one
common share and one transferable share purchase warrant entitling the holder to
purchase an additional common share at a price of $1.23 for a period of one year
from closing of the private placement.


All of the securities will be subject to a four-month hold period expiring from
the date of closing of the private placement.


Finder's fees may be paid in accordance with the TSX Venture Exchange rule.

On behalf of the Board of Directors of Gulfside Minerals Ltd.

Robert L Card, President
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