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Wednesday, 02/26/2014 9:57:42 AM

Wednesday, February 26, 2014 9:57:42 AM

Post# of 162648
NEWS!!
Gold Coast Mining Announces Corporate UpdateBY Market Wire
— 8:30 AM ET 02/26/2014
WILTON, CT -- (Marketwired) -- 02/26/14 -- Gold Coast Mining Corp. (GDSM provides the following Corporate Update:

The Company is pleased to announce that it has commenced the steps to establish a subsidiary. The subsidiary will be incorporated in the State of Colorado. A name has been selected and the Company is working with a legal consultant to complete the required filings.

Further, the Company negotiations with Gelpid and its principal has progressed resulting in issuance of revised term sheet.

CEO Michael Shea states, "I am pleased with the progress of the negotiations and despite being a judgment holder, Gelpid and its principals are sincerely interested in seeing Gold Coast succeed. I realize shareholders want an expedient and successful conclusion to these negotiations. I will continue to provide updates as events unfold."

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