Gold Coast Resources, Inc. Completes Initial Exploration of New Property.LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. -- Gold Coast Resources, Inc. (Pink Sheets:GSRS GSRS General Support Rocket System GSRS Global Supplier Rating System ) Management announced a successful completion of the Company's initial exploration of its recently acquired Ahanta Concession. The Ahanta concession is situated in the central part of the Ashanti Gold Belt, one of the key mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. and gold belts of Ghana, West Africa West Africa A region of western Africa between the Sahara Desert and the Gulf of Guinea. It was largely controlled by colonial powers until the 20th century. West African adj. & n. . It is just north of the village of Butre on the southern coast of Ghana. The concession is irregular shaped laying approximately between 4 deg. 49 min. 07 sec. North latitude by 1 deg. 57 min. 16 sec. West longitude longitude (lŏn`jĭt  d'), angular distance on the earth's surface measured along any latitude line such as the equator east or west of the prime meridian. and 4 deg. 53 min. 15 sec. North latitude by 1 deg.'
53 min. 02 sec. West longitude, and covers around thirty two square
kilometers.Joseph Kingsley Annan, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. stated, "This property was selected to enhance the Company's exploration inventory and to broaden joint venture and funding options. This concession is bordered by properties with high gold production and proven gold reserves, all in the same mineralized belt as the Ahanta. The results of our "in-house" exploration exceed available historical data and prior testing to the point that the company is engaging independent geologists to perform the same testing for publication under the aegis of their engineering license." The Company also owns the concession for the Akoon mine located at the north end of the town of Tarkwa, in the Western Region of Ghana. Historically, the Akoon mine has produced approximately 140 tons of gold (over 4.4 million ounces) with at least twice that many ounces of gold in reserves. This press release contains "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such statements can be identified by the lead-in "Looking Forward." These statements are not guarantees of future performance and involve significant risks and uncertainties. Actual results may vary materially from those in the forward-looking statements as a result of the effectiveness of management's strategies and decisions, general economic and business conditions, new or modified statutory or regulatory requirements, and changing price and market conditions. No assurance can be given that these are all the factors that could cause actual results to vary materially from the forward-looking statement. More details about the Company and the acquisition properties may be found at: www.goldcoastresources.com
Contact:
Joseph Kingsley Annan, 702-493-5495
reap1@cox.net
C/O Gold Coast Resources, Inc.
Annan Trust Building
10-13 High Street,
Harbour Business Area
Private Mail Bag
Takoradi, Ghana, West Africa
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