Gulf Resources Approved to List on the NASDAQ Global Select Market

Published Oct 21st, 2009

NEW YORK and SHANDONG, China, Oct. 21 -- Gulf Resources, Inc. (OTC Bulletin Board: GRUS - News; Nasdaq: GFRE - News; "Gulf Resources" or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced it has received approval to list its common stock on the NASDAQ Global Select Market. The Company will trade on NASDAQ under the ticker symbol "GFRE." Until such time, the Company's common stock will continue to trade on the Over the Counter Bulletin Board under the ticker symbol "GRUS." The Company will provide additional information regarding the trading start shortly.
 

"We are very proud to be approved to list on the NASDAQ Global Select Market. As a high-growth company, Gulf Resources is a good match for this prestigious stock market," said Mr. Liu. "Moving from the OTC BB to NASDAQ is a major milestone for Gulf Resources. It is an important endorsement of our integrity as a public company and helps us build credibility with our customers, partners, and investors."

About Gulf Resources, Inc.

Gulf Resources, Inc. operates through two wholly-owned subsidiaries, Shouguang City Haoyuan Chemical Company Limited ("SCHC") and Shouguang Yuxin Chemical Industry Co., Limited ("SYCI"). The Company believes that it is one of the largest producers of bromine in China. Elemental Bromine is used to manufacture a wide variety of compounds utilized in industry and agriculture. Through SYCI, the Company manufactures chemical products utilized in a variety of applications, including oil & gas field explorations and as papermaking chemical agents. For more information about the Company, please visit http://www.gulfresourcesinc.cn .

Forward-Looking Statements

Certain statements in this news release contain forward-looking information about Gulf Resources and its subsidiaries business and products within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. The actual results may differ materially depending on a number of risk factors including, but not limited to, the general economic and business conditions in the PRC, future product development and production capabilities, shipments to end customers, market acceptance of new and existing products, additional competition from existing and new competitors for bromine and other oilfield and power production chemicals, changes in technology, the ability to make future bromine asset purchases, and various other factors beyond its control. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risks factors detailed in the Company's reports filed with the Securities and Exchange Commission. Gulf Resources undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.