Statement re Additional Listing

Immediate Release   20 October 2010



                            Gulfsands Petroleum plc

                               Additional Listing


Gulfsands  Petroleum  plc  ("Gulfsands"  or  the  "Company"),  the  oil  and gas
production,  exploration and development company with activities in Syria, Iraq,
and  the  U.S.A.,  announces  that  on  19 October,  2010 it  issued 400,000 new
ordinary  shares  following  the  exercise  of  options by Richard Bresler, Vice
President  Project Engineering with  the Company. The  total number of shares in
issue following the exercise of these options is 121,577,500 ordinary shares.

Application  has been made  for these shares  to be admitted  to trading on AIM,
with admission to trading expected to occur on 26 October 2010.

For more information please contact:

Gulfsands Petroleum (London)                                 [phone]

Richard Malcolm, Chief Executive Officer
Kenneth Judge, Director of Corporate Development &           [phone]
Communications



Buchanan Communications Limited (London)                     [phone]

Bobby Morse
Ben Romney
Chris McMahon



RBC Capital Markets (London)                                 [phone]

Josh Critchley
Matthew Coakes
Martin Eales

ABOUT GULFSANDS:

Gulfsands  is listed on the  AIM market of the  London Stock Exchange.  For more
information please visit the Company's website atwww.gulfsands.com





[HUG#1453414]








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Source: Gulfsands Petroleum PLC via Thomson Reuters ONE