Gulftex Operating, Inc. News
Eric Schmitz, C.P.L. Joins Gulftex Operating, Inc. and TBX Resources, Inc.

March 10, 2009 - Dallas, Texas - Gulftex Operating, Inc. announces, Eric Schmitz, C.P.L. has joined Gulftex Operating, Inc. as Vice President of Land and will also serve as adviser to TBX Resources, Inc.

"After having worked with Eric Schmitz as an Independent Consultant, we immediately recognized the value in adding his experience and talent to Gulftex Operating, Inc. on a permanent basis. We are making a huge commitment to acquisitions in 2009 and beyond. Finding and acquiring key properties that expand our portfolio is critical. Eric has the experience to help us target assets across the southwestern United States and beyond. As a Certified Landman, Eric brings years of experience in the field and is a major management asset to the organization." according to Gulftex Operating, Inc. President, Tim Burroughs.

Schmitz has over 33 years experience in Petroleum Land Acquisition and Management. Schmitz has recently served as Vice President of Land for Caspen Oil Company, in Dallas, Texas. Prior positions included contract and management positions with Meridian Oil Company (Burlington Resources), The Hill Trust in Ft. Worth, Texas, Andover Oil Company (Santa Fe Minerals) in Tulsa, OK and the Texas Railroad Commission - Oil and Gas Division. Most recently Eric served as a Contract Land Consultant to various companies and individuals. As an Independent Consultant, Schmitz has managed Non-Operated Working, Royalty and Mineral Interests across the US and around the world before accepting his current position with Gulftex Operating, Inc. and TBX Resources, Inc.

Eric Schmitz holds a Bachelors of Business Administration with an emphasis in Petroleum Land Management from the University of Texas. Eric is a Certified Professional Landman / A.A.P.L., holds a Texas Real Estate Broker's License, and is a member of the Dallas and Fort Worth Chapters of AAPL.

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 .

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.





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