Gold Coast Mining Announces Corporate Update

Fri Jul 10, 2009 8:43am EDT
 
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BOSTON, July 10, 2009 (GLOBE NEWSWIRE) -- Gold Coast Mining Corp. (Pink
Sheets:GDSM) announced today the following corporate updates.

MINING VENTURES

The Company is currently pursuing the expansion of its mining interest and
current joint venture. With the name and symbol change complete, as well as the
divesture of its previous operations, the Company feels the timing is right to
move its mining interests forward.

Jason Cooper, managing Director of Presage Partners LLC and Interim CEO of Gold
Coast Mining Corp., commented, "We are very excited about the mining
opportunities before us and hope to have further updates on them shortly.
Finally, as Gold Coast Mining, we are able to take big strides forward towards
our mining focus and rebuilding shareholder value."

HOT WEB PROPERTIES, INC. ("HWP")

HWP, which is 49% owned by the Company, announced the following updates.

 -- HWP entered into another sales and marketing partnership.
VET FOUNDATION COLLABORATES WITH WEB-BASED MARKETING COMPANY

Nonprofit Aims to Help Wounded Veterans with Vehicle and In-Kind Donations

The Veteran Employment Transition (VET) Foundation, a 501 (c) 3 nonprofit
providing career advancement and transition assistance to returning veterans,
today announced an agreement with Hot Web Properties of Palm Harbor to
facilitate the sales and marketing of vehicle and in-kind donations. Designated
proceeds from the sale of the donations will directly support combat wounded
"War on Terror" veterans who attend the nonprofit's 2009 COMPASS Transition
Programs.

"A struggling economy has led our organization to explore in-kind donations as a
means to generate revenue to support our program," said VET Foundation Founder
and Executive Director Chris Hadsall. "Supporters may not have the ability to
provide monetary gifts, but many have expressed an interest in donating fine
art, automobiles and property to help wounded warriors. We are pleased that Hot
Web Properties is willing to assist the VET Foundation with this exciting
initiative."

About the VET Foundation

The Veteran Employment Transition (VET) Foundation is an IRS approved nonprofit
corporation originally founded in 2006. Its COMPASS Transition Program provides
360 degree military-to-civilian transition support for "War on Terror" veterans.
This week long, an all-expenses-paid workshop is offered to qualifying service
disabled (30% or higher rated by the VA) warriors from all branches of the armed
forces. The program provides veterans with comprehensive employment resources to
assist them during the transition process. The key components of the program
include the creation of a 12-month personal development plan, partnering with a
dedicated sponsor, education (resume building, job resources, benefits, mock
interviews) and networking with hiring decision makers from military-friendly
companies.

For more information on the VET Foundation, visit www.vetfoundation.org

 -- HWP has completed the final steps of closing its merger with
    a publicly traded company. The symbol will be released upon
    completion of the filing requirements with the NASD and
    FINRA, which is expected to be effective the first week of
    August. As previously announced, the Company will receive
    29,400,000 shares of the publicly traded company, Max Media,
    Inc. Max Media will obtain financing of $500,000 in a
    private placement of 1,000,000 shares of its common stock.

 -- The record date for a dividend regarding the shares will be
    announced shortly.

 -- HWP continues to host a radio show every Saturday from
    9-10am in Tampa. The show is broadcast live on the Internet.
    The link can be accessed at www.hotautoweb.com or
    www.maximummotoring.com. HWP takes phone calls toll free at
    866-977-4820 during the show and emails at
    theguys@maximummotoring.com.
About Gold Coast Mining Corp.

Gold Coast Mining Corp. is pursuing mining acquisitions and joint ventures. The
Company currently has a joint venture with Western Sierra Mining Corp. for its
Ore Cache Mine.

The Company currently has 444,887,086 shares issued and outstanding.

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CONTACT:  Brass Bulls Investor Relations
          Matthew Lovito
          866-342-2700

 

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