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File: NR110705-EXPLN-2_CLN.pdf

GULFSIDE MINERALS LTD.
Suite 212 - 475 Howe Street,                                                                 Telephone 604-687-7828
Vancouver, British Columbia                                                                   Facsimile 604-687-7848
V6C 2B3 Canada                                                                              www.gulfsideminerals.com


NEWS RELEASE                                                                                      GMG:TSX.V
For Immediate Release

               GULFSIDE MINERALS BEGINS WORK ON ATLIN PROPERTIES

Vancouver, BC � July 5, 2011 - Gulfside Minerals Ltd. ("Gulfside" or the "Company") (GMG: TSX-
V) is pleased to report that work is commencing on its four property groups in the Atlin Mining Division,
BC, located about 120km SE of Atlin, BC and 150km NW of Dease Lake, BC. Company Geologist,
Alex Burton,P.Eng., and a prospecting team will be on site early this week.

On the Northern Treasure property, Gulfside seeks to confirm the anomalous 602ppb Au stream sediment
sample from a regional geochemical survey, as well as to confirm a 1.47g/t Au chip sample taken on the
property (BC Assessment Report 22384), and to examine the extent of mineralization.

On the Bryer property, the Company plans to follow up on the 17g/t (BC assessment report 19326) and
10.0g/t Au samples (BC assessment report 27589) taken by Barrick/Rimfire, and to explore that
mineralization sequence.

On the Golden Fleece property, Gulfside will be the first company on the ground to analyze and follow up
on a1.02g/t gold and 4.0g/t silver quartz vein, which was under a now-retreated glacier. Our findings on
the Northern Treasure and Bryer groups, as well as the Golden Fleece, will help determine additional
exploration programs.

Gulfside's Atlin properties lie approximately 120 km South East of Atlin, BC and 150km East of Dease
Lake, BC. They surround the Thorn (Brixton Metals/Kiska Metals JV) and the Trapper (Ocean Park
Ventures/Constantine Metal Resources JV) property groups. Between these two property groups, there is
a $6,000,000 work program planned for this summer, including 13,000m of drilling.

Alex Burton, PEng, PGeo, 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 website at
www.gulfsideminerals.com,       or    contact  Investor      Relations    at     604-687-7828      or
Investors@gulfsideminerals.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."

Legal Notice Regarding Forward Looking Statements
 This disclosure contains certain forward-looking statements that involve known and unknown risks and
uncertainties, certain of which are beyond the Company's control including: the impact of general economic
conditions in the areas in which the Company operates, changes in laws and regulations and changes in how they
are interpreted and enforced, and the likelihood in obtaining required approvals of regulatory authorities. All
statements included in this press release that address activities, events or developments that the Company expects,
believes or anticipates will or may occur in the future are forward-looking statements. These statements are based
on assumptions made by the Company based on its experience and other factors it believes are appropriate in the
circumstances.