Gulf Shores Resources Ltd.: Clarification News Release

June 18, 2014 2:03 PM EDT | Source: Ashanti Gold Corp.

Kelowna, British Columbia--(Newsfile Corp. - June 18, 2014) - Gulf Shores Resources Ltd. (TSXV: GUL) (the “Company”) announces that further to its news release of June 6, 2014 announcing a proposed 30:1 consolidation of its currently issued and outstanding common shares, the Company clarifies that such consolidation will be effective based on (i) shareholder approval received at its last shareholders’ meeting to a 10:1 consolidation, in combination with (ii) the directors ability to implement a 3:1 consolidation in accordance with the Company’s articles of incorporation, without shareholder approval, and section 7.1 of TSX Venture Exchange Policy 5.8. The consolidation remains subject to TSX Venture Exchange approval.

ON BEHALF OF THE BOARD

MICHAEL TURKO

Michael Turko
President

For more information, please contact:

Michael Turko
Telephone: (604)683-3309
Email: Info@gulfshoresresources.com

Neither the 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 news release.

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