AGM Notice & 2011 Report & Accounts

Gulfsands Petroleum Plc

2011 Annual Report & Accounts, Notice of Meeting and Form of Proxy

London, 4 May, 2012:Gulfsands Petroleum plc ("Gulfsands", the "Group" or the "Company" - AIM: GPX), the oil and gas production, exploration and development company with activities in Syria, Iraq, Tunisia, Italy and the U.S.A., announcesthat the Company's 2011 Annual Report & Accounts have been posted to shareholders, along with a notice of an Annual General Meeting ("AGM") to be held at 11:00 a.m. on 30th May, 2012 at the offices of Buchanan, 3rd Floor, 107 Cheapside London EC2V 6DN.

Copies of the accounts and notice of AGM are available from the Company's website, www.gulfsands.com, and from the Company's registered office at One America Square, Crosswall, London EC3N 2SG.

For further information, please refer to the Company's website www.gulfsands.com or contact:

Gulfsands Petroleum (London) +44 (0)20 7434 6060

Richard Malcolm, Chief Executive Officer

Kenneth Judge, Director: Corporate Development & Communications

Buchanan (London) +44 (0)20 7466 5000

Bobby Morse

Ben Romney

RBC Capital Markets (London) +44 (0)20 7653 4000

Josh Critchley

Tim Chapman

Matthew Coakes