Gulf Shores Resources Ltd.: Clarification News Release

Calgary, Alberta--(Newsfile Corp. - March 24, 2014) - Gulf Shores Resources Ltd. (TSXV: GUL):

To further clarify Note 8 of the Company's audited financial statements for the year ended August 31^st, 2013, the Company sold a 16% interest in a producing oil well in the Welwyn area for a cash consideration of $320,000 and a 47.5% interest in two producing oil wells in the Wapella area of southeast Saskatchewan for a cash consideration of $275,000. The purchasers included a company controlled by George Langdon (a director of the Company) and a company in which Ming Jang (an officer of the Company) is a director. The funds were used to pay down drilling and completion cost overruns. As the operator of the well in the Coothill area of Southeast Saskatchewan has no immediate plans for further completion operations at this time, the Company wrote off $641,939 in capitalized expenditures.

The Company owns various working interests in producing oil wells in the Welwyn and Wapella areas of Southeast Saskatchewan.

The Company is reviewing several petroleum exploration and development and financing opportunities.

ON BEHALF OF THE BOARD

"Michael Turko"

Michael Turko, President and CEO

For more information, please contact:

Telephone: (403)514-6909
Fax: (778)478-1016
Email: Info@gulfshoresresources.com