Mr. Michael Turko reports

GULF SHORES RESOURCES LTD.: AMENDMENT TO SHARES FOR DEBT TRANSACTION

Gulf Shores Resources Ltd. has made an amendment to the shares-for-debt transaction described in the Aug. 7, 2014, news release. The company has agreed to settle an aggregate of $30,000 of outstanding debt owing to one director by issuing an aggregate of 400,000 common shares at a deemed price of 7.5 cents per common share.

The common shares issued in connection with this debt settlement will be subject to a hold period of four months from the date of issuance. The arrangement is subject to approval of the TSX Venture Exchange.