Gulftex Operating

Gulftex Operating, Inc. announces, Paul H. Cheong has joined Gulftex Operating, Inc. as
Senior Reservoir Engineer and Exploration Manager. Paul H. Cheong will also serve as an
adviser to TBX Resources, Inc.

According to Tim Burroughs, Gulftex Operating, Inc., President, "We felt the time was right to
bring in top reservoir engineering talent and Paul Cheong has the kind of expertise we needed
to manage our existing assets and help evaluate future opportunities. As Senior Reservoir
Engineer and Exploration Manager, Paul will make a huge contribution to our highly skilled
management team and the company's aggressive growth plans."

Before joining Gulftex Operating, Inc., Paul Cheong served as Reservoir Surveillance Manager
for Exxon/Mobil Production Company of Houston, Texas. There, he was responsible for
reservoir engineering support of Middle East, CIS and African assets. Prior to that, Paul was
Reservoir Engineering/Technical Manager for Mobil Producing Nigeria in Lagos, Nigeria where
he led the Reservoir Engineering department of Mobil's highest-growth E&P affiliate.

Paul spent over 20 years in various capacities for Mobil Oil Corp. including Reservoir
Simulation Engineering Planning and Research and Development. Prior to that, Paul was a
reservoir engineer for Arabian American Oil Company (ARAMCO) in Saudi Arabia.

Paul Cheong holds a PhD in Chemical Engineering from California Institute of Technology, a
Bachelor of Chemical Engineering from the University of Minnesota with High Distinction and
Bachelor of Mathematics, University of Minnesota, with High Distinction and is a member of
the Society of Petroleum Engineers.

ABOUT GULFTEX OPERATING, INC.

In 1996 Gulftex Operating, Inc. became a contract operator to TBX Resources, Inc. with over
100 operating wells in East Texas and Louisiana. Today Gulftex Operating, Inc. has a
successful exploration, drilling and production track record participating in over 35 wells in
the Barnett Shale. The Gulftex record includes an impressive 19 wells in the core area of the
Barnett Shale. Tim Burroughs, President of Gulftex Operating, Inc., has spent the last 14
years building Gulftex Operating, Inc. Top energy companies including XTO Energy, Crusader
Energy, Devon Energy, Conoco Phillips, Encana and others have partnered with Gulftex
Operating, Inc. on Barnett Shale projects.

The Gulftex Operating, Inc. has a primary focus on the development of conventional and
unconventional resource plays which includes the application of horizontal drilling and cutting
edge completion technology aimed at developing shale and tight sand reservoirs. The Gulftex
assets are located in various domestic basins, the majority of which are in the Ft. Worth
Basin, Barnett Shale.
For other information regarding Gulftex Operating, Inc., please visit the Company's Internet
Web site at http://www.GulftexOperating.com.

FORWARD-LOOKING STATEMENT DISCLOSURE

This press release contains "forward-looking statements" within the meaning of the Federal
securities laws and regulations. Forward-looking statements are estimates and predictions by
management about the future outcome of events and conditions that could affect Gulftex's
business, financial condition and results of operations. We use words such as, "will," "should,"
"could," "plans," "expects," "likely," "anticipates," "intends," "believes," "estimates," "may," and
other words of similar expression to indicate forward-looking statements.

There is no assurance that the estimates and predictions contained in our forward-looking
statements will occur or be achieved as predicted. Any number of factors could cause actual
results to differ materially from those referred to in a forward-looking statement, including
drilling risks, operating hazards and other uncertainties inherent in the exploration for, and
development and production of, oil and natural gas; volatility in oil and natural gas prices,
including the adverse impact of lower prices on the amount of our cash flow available to meet
capital expenditures, our ability to borrow and raise capital and on the values attributed to
our proven reserves; drilling and operating risks in the unconventional shales and other
reservoirs in which we operate, including uncertainties in interpreting engineering, reservoir
and reserve data; the availability of technical personnel and drilling equipment; the timing
and installation of processing and treatment facilities, third-party pipelines and other
transportation facilities and equipment; changes in interest rates; and increasing production
costs and other expenses.

Further information on risks and uncertainties affecting our business is described under Risk
Factors are available in our reports filed with the SEC which are incorporated by this
reference as though fully set forth herein. We undertake no obligation to publicly update or
revise any forward-looking statement.

SOURCE Gulftex Operating, Inc.

Contact: Tim Burroughs, CEO Gulftex Operating, Inc. 3030 LBJ Freeway Suite 1320 LB#47
Dallas, Texas 75243 972-243-2613

Don Lokke, Media Relations Lokke Advertising Don@LokkeAdvertising.com 972-490-5167