Gulf Resources (GURE) Discovers Underwater Brine Resources in Daying, Updates on Testing

Gulf Resources, Inc. (Nasdaq: GURE) announced that the Company has discovered underground brine water resources in Daying County, Sichuan Province, after more than a half year of drilling, and it has provided preliminary concentration results after the testing by a third-party independent testing expert, Centre Testing International Corporation.

According to the third-party independent testing report, the bromine concentration in the underground brine water resources is 1.53 grams per liter, which is approximately six to seven times higher than the average bromine concentration from its brine water resources at the Company's bromine factories in Shouguang City, Shandong Province. Brine is used for bromine and crude salt extraction and the Company expects to continue drilling in order to further determine the total brine water resources reserve and exploitable amount in the area.

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