Mr. Michael Nikiforuk reports

GOLDCOAST RESOURCE CORP. TO COMMENCE TRADING ON THE OTCQB VENTURE MARKET

Goldcoast Resource Corp. has been approved to commence trading of its common shares on the OTCQB Venture Market, beginning today under the ticker symbol GCRFF.

"We are pleased to provide investors with an additional way to trade Goldcoast shares, and we look forward to raising our profile among U.S. investors," said Michael Nikiforuk, founder, chief executive officer and director of Goldcoast. "We believe trading on the OTCQB will enhance our liquidity and visibility in global capital markets. As we advance our offshore gold exploration programs in Ghana, we look forward to keeping the market informed as we reach key milestones."

The OTCQB is a leading market for early-stage and developing U.S. and international companies. Recognized as an established public market by the U.S. Securities and Exchange Commission, the OTCQB has helped companies build considerable shareholder value, including enhanced liquidity and valuation. Investors may benefit from efficient trading through their preferred broker or financial adviser, transparent pricing with real-time quotes, and trusted disclosure that is made broadly available to broker dealers and market data providers.

The company's common shares will continue to trade on the Canadian Securities Exchange under the symbol GCR.

The company's common shares are also eligible for electronic clearing and settlement through the Depository Trust Company (DTC), a subsidiary of the Depository Trust & Clearing Corp., in the United States. DTC eligibility simplifies the process of trading and settlement for U.S. investors and brokers and is expected to enhance liquidity of the company's common shares in the United States.

About Goldcoast Resource Corp.

Goldcoast Resource is a Canadian mineral exploration company targeting offshore gold in Ghana, Africa's largest gold-producing country. The company holds a district-scale 10,000-square-kilometre reconnaissance licence package covering roughly 53 per cent of Ghana's offshore coastline: the only place on Earth where three major rivers, carrying gold-rich bedload eroded from world-class gold belts over interglacial periods, converge on a shallow continental shelf. Offshore recovery of minerals from unconsolidated marine sediments is an established industry around the world, with long-running precedents including Debmarine Namibia's marine diamond operations, PT Timah's offshore tin operations in Indonesia and the United Kingdom's marine aggregates sector.

We seek Safe Harbor.