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File: NR11-05-04 GMG Golden Fleece-2.pdf

GULFSIDE MINERALS LTD.
Suite 212 - 475 Howe Street,                                                                       Telephone 604-687-7
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Vancouver, British Columbia                                                                         Facsimile 604-687-
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V6C 2B3 Canada                                                                                    www.gulfsideminerals
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NEWS RELEASE                                                                                             GMG:TSX.V
For Immediate Release

                               Gulfside Minerals Adds to Northern Treasure Claim

Vancouver, B.C. � May 4, 2011 - Gulfside Minerals Ltd. ("Gulfside" or the "Company") (GMG: TSX-
V) is pleased to report that the Company has acquired a 100% interest in two gold and silver prospects
located in the Atlin Mining Division in northwestern British Columbia (the "Claims"). (See Company's
news release of March 17, 2011).

The properties, known as the Argonaut and Golden Fleece Groups, are located approximately 150 km
northwest of Dease Lake, BC and 120 km south of Atlin, BC. The Argonaut property is composed of five
claims totaling 1924.7 Ha, and lies approximately 11km east of the Bryer Group. The Golden Fleece
property is composed of two claims totaling 829.9 Ha, and lies approximately 9km south west of the
Argonaut Group. The Company acquired the claims for the payment of $5,000 and a one percent NSR
royalty to the vendor.

The claims surround the Thorn group (Brixton Metals (BBB) and the Inlaw/Trapper Lake group (Ocean
Park Ventures (OCP) and are on trend approximately 70 km from the former Golden Bear mine and mine
access road which was developed by Chevron Minerals of Canada.

On the Golden Fleece property, a previously discovered gold showing with assays, shows up as an
alteration zone in Google earth. Recent receding of the glaciers has displayed another alteration zone, in
the form of a gold-bearing quartz vein. Both zones will be explored this summer. In 2005, Barrick Gold
explored the property and took a rock sample measuring 1.02 g/t Au 4.0 g/t Ag.

Alex Burton, P. Eng. P. Geo., a Qualified Person as defined by National Instruments 43-101, has read and
approved the technical information in this news release.

On Behalf of the Board of Directors,Gulfside Minerals Ltd.

"Robert L. Card"

Robert L. Card
President

Further Information
For further information relating to the Company or this release please visit the Gulfside Minerals website
at    www.gulfsideminerals.com,        or   contact    Investor     Relations     at    604-563-5028     /
gulfsideminerals@advanturecapital.com.

"Neither 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."

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
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"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 uncertain
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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 headin
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"Risk Factors" and elsewhere in the corporation's periodic filings with Canadian securities regulators.