Unassociated Document


     

    Exhibit
10.2

     

    
       



      
        
          	
                  Gulf
      Resources, Inc.

                	 
      	
                  CCG
      Investor Relations

                
	
                  Rena
      Xiao

                	 
      	
                  Mr.
      Crocker Coulson, President

                
	
                  E-mail:
      renaxiao@gmail.com

                	 
      	
                  Phone:
      +1-646-213-1915

                
	 
      	 
      	
                  E-mail:
      crocker.coulson@ccgir.com

                
	
                  Helen
      Xu

                	 	 
	
                  E-mail: beishengrong@163.com
      

                	 	
                  Ms.
      Linda Salo, Financial Writer
Phone:
      +1-646-922-0894

                
	
                   

                	 	
                  E-mail:
      linda.salo@ccgir.com


                    Website:
      http://www.ccgirasia.com/

                  

                


        

      

    

    
 

    Gulf
Resources Promotes Nai Hui Miao to Chief Operating Officer

    


    


    New York & Shandong Province,
July 22, 2009 - Gulf Resources, Inc. (OTCBB: GFRE) (“Gulf Resources” or
the “Company”), a leading manufacturer of bromine, crude salt and specialty
chemical products in China, today announced that the Company’s board of
directors has appointed Mr. Nai Hui Miao to serve as the Company’s chief
operating officer, effective July 16, 2009. His responsibilities will include
overseeing the Company’s daily operations, sales and material procurement, in
addition to monitoring account receivables.

    


    Mr. Miao
has rich experience from working for Gulf Resources’ two operating subsidiaries
Shouguang City Haoyuan Chemical Company Limited (“SCHC”) and Shouguang City
Yuxin Chemical Company Limited (“SYCI”). Since January 2006, he served as vice
president of SCHC, where he was responsible for sales, human resources and
general business management. Since January 2006, he has also served as director
secretary of Gulf Resources’ Board of Directors. From 2005 to 2006, Mr. Miao
served as vice president and deputy general manager of SYCI, where he developed
the sales market of Talimu oil field.  From 1991 to 2005, Mr. Miao
worked for of Shouguang City Commercial Trading Center Company Limited where he
started off as manager and was later promoted to vice president. During his
tenure, Shouguang City Commercial Trading Center Company Limited transformed
from a state-owned enterprise into a privately held company. Previously, and
since 1986, he was the director of Shouguang Business Trade Center. Mr. Miao has
an associate degree in business administration from the Weifang College in
Shandong province, China.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
 

     “We
are delighted to recognize Mr. Miao’s years of hard work and dedication by
promoting him to the newly established position of chief operating officer. His
breadth of experience will be a strong asset in his new role,” said Xiaobin Liu,
Chief Executive Officer of Gulf Resources. “His deep knowledge of both the
bromine and chemical industries will play an important role as we develop
opportunities in existing markets and new vertical markets.”

    


    About
Gulf Resources, Inc.

    


    Gulf
Resources, Inc. operates through two wholly-owned subsidiaries, Shouguang City
Haoyuan Chemical Company Limited (“SCHC”) and Shouguang Yuxin Chemical Industry
Co., Limited (“SYCI”). The Company believes that it is one of the largest
producers of bromine in China. Elemental Bromine is used to manufacture a wide
variety of compounds utilized in industry and agriculture. Through SYCI, the
Company manufactures chemical products utilized in a variety of applications,
including oil & gas field explorations and as papermaking chemical agents.
For more information about the Company, please visit www.gulfresourcesinc.cn.

    


    Forward-Looking
Statements

    


    Certain
statements in this news release contain forward-looking information about Gulf
Resources and its subsidiaries business and products within the meaning of Rule
175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange
Act of 1934, and are subject to the safe harbor created by those rules. The
actual results may differ materially depending on a number of risk factors
including, but not limited to, the general economic and business conditions in
the PRC, future product development and production capabilities, shipments to
end customers, market acceptance of new and existing products, additional
competition from existing and new competitors for bromine and other oilfield and
power production chemicals, changes in technology, the ability to make future
bromine asset purchases, and various other factors beyond its control. All
forward-looking statements are expressly qualified in their entirety by this
Cautionary Statement and the risks factors detailed in the Company's reports
filed with the Securities and Exchange Commission. Gulf Resources undertakes no
duty to revise or update any forward-looking statements to reflect events or
circumstances after the date of this release.

    


    


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