Gulf Shores Resources Ltd.: Slovakian Concessions and New Director

Kelowna, British Columbia--(Newsfile Corp. - March 19, 2015) - Subject to regulatory authority approval, Gulf Shores Resources Ltd. (TSXV: GUL) (the "Company") has entered into an agreement with an arms-length private U.S. corporation to earn up to a 25% interest in two stages in approximately 300,000 acres of contiguous concessions located in north-east Slovakia.

In Stage One, the Company will pay previous geophysical and operational costs of US$855,000 and 50% of the turnkey drilling, completion and equipping costs for two new shallow wells of US$2.4 million to earn a 12.5% net working interest in the concessions and a 37.5% before payout net working interest reverting to a 25% after payout net working interest in the two Stage One wells.

In Stage Two, the Company will pay new seismic and associated costs of approximately US$4 million and 50% of the turnkey drilling, completion and equipping costs for two more new shallow wells of US$2.4 million to earn a further 12.5% net working interest in the concessions and a 37.5% before payout net working interest reverting to a 25% after payout net working interest in the two Stage Two wells.

The concessions are located in an overthrust belt of the Carpathian foothills in north east Slovakia adjacent to the Polish and Ukrainian borders and existing shallow production. Several shallow wells were drilled on the concessions without the benefit of seismic up until the 1930's when World War II and subsequent Soviet occupation prevented further exploration until now. Current ownership of the concessions also includes JKX Oil & Gas, PLC and Romgaz S.A., each with 25%.

Approximately one tenth of the concessions have been recently mapped with modern geophysics revealing the presence of several shallow structures. One of these structures was drilled in the 1930's and reportedly produced 1.6 million barrels of oil up until 1951. Another of these shallow structures reportedly blew out oil one hundred feet into the air before it was capped. One of the Stage One wells will be located one mile and up-structure from this blowout.

The oil is light and sweet (35^o-55^o API) and will receive Brent prices when trucked to a refinery located forty miles away. Operating costs including Slovakian government (5%) and other royalties (7%) are expected to be less than US$15 per barrel. The total upside target potential of the concessions is 200 million barrels of recoverable oil.

The Company is pleased to announce the appointment of Mr. Michael Seymour as a non- executive director. Mr Seymour is a geologist with over 40 years of experience in the upstream oil & gas industry, starting with Burmah Oil in Australia where he was actively involved in the giant gas discoveries made in the early 1970s on the Northwest Shelf. After periods with Conoco and Kerr McGee, in the case of the latter heading up their first UK office after the discoveries of Brae and Beatrice, he has since 1980 been managing small companies focusing on the geology of specific areas. His companies include Moray Petroleum (bought by Saxon), Teredo Petroleum (bought by Cairn), Medusa Oil & Gas (bought by Ramco) and Aurelian Oil & Gas (bought by San Leon Energy). Medusa and Aurelian were both focused totally on Central Europe, an area where Mr Seymour has worked since the fall of the Berlin Wall. Mr Seymour served as President of the Polish Oil Operators' Association until late 2011. He is currently a director of Trajan Resources Ltd. Mr. Seymour has first-hand knowledge of the concession area as he was instrumental in the initial granting of the concessions by the Slovakian Government.

The Company has cancelled the proposed financing described in the November 24 news release. Subject to regulatory authority approval, The Company is arranging a non-brokered private placement of up to one hundred million units at a purchase price of CDN$0.05 per unit. Each unit will consist of one common share and one half share purchase warrant, each full warrant entitling the holder to acquire one additional common share for two years at a purchase price of CDN$0.10 provided, however, that should the closing price of the company's shares on the TSX Venture Exchange be at least CDN$0.20 per share for 20 consecutive trading days (at any time following the expiry of the four-month resale restriction period), the Company may, by notice to the holders (supplemented by a news release of general dissemination) reduce the remaining exercise period applicable to the warrants to not less than 30 days from the date of such notice. The proceeds will be used to fund Stage One of the Slovakian project and for general working capital. Finders fees are payable upon closing of the placement.

Upon closing of the private placement, the Company will change its name to Galicia Resources Ltd.

ON BEHALF OF THE BOARD

"Michael Turko"

Michael Turko, President and CEO

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 RELEASE.

This news release includes "forward-looking statements", including forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company.  Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. There is no assurance the Company will be successful in negotiating a definitive contract to acquire any interest in the above mentioned Slovakian concessions; or that it will be successful in raising the necessary funds to undertake due diligence of the same, or that it will be successful in raising the necessary funds to complete its farm-in and earn any interest in the concessions.