GUN Gunpoint Exploration Ltd

Jiulian Resources Inc. ("Jiulian") (TSX VENTURE:JLR) and Gunpoint Exploration
Ltd. ("Gunpoint") (TSX VENTURE:GUN) are pleased to announce that Jiulian's
acquisition of the Big Kidd property and Little Fort property from Gunpoint
closed as of July 12, 2011.


About the Property Acquisition

Pursuant to an amended and restated purchase and sale agreement dated March 30,
2011 (the "Agreement"), Jiulian acquired 100% interest in Gunpoint's Big Kidd
and Little Fort claims groups (the "Acquisition"). The purchase price for these
two groups of claims was paid on closing and consisted of a cash payment to
Gunpoint of $100,000 and the issuance 1,875,000 common shares of Jiulian to
Gunpoint. The common shares are subject to restrictions on trading pursuant to
securities laws and policy. Jiulian's title to the Big Kidd and Little Fort
claims is subject to a 2.5% net smelter return royalty in favour of Gunpoint and
applicable Crown royalties. On July 8, 2011, Jiulian filed on SEDAR a technical
report on the Big Kidd property pursuant to the policies of the TSX Venture
Exchange. Gunpoint and Jiulian are at arm's length to each other. Following the
closing of the Acquisition, Dr. E. Max Baker will join the board of directors of
Jiulian. No finder's fee was paid in connection with the Acquisition.


About the Big Kidd Property

The Big Kidd property comprises four contiguous mineral tenures totalling
4,055.77 hectares and is located 20 kilometres southeast of the city of Merritt,
B.C. The property is centered upon latitude 49 degrees 57' north and longitude
120 degrees 37' west. The exploration target at the Big Kidd property is alkali
porphyry type copper-gold deposit.


About the Little Fort Property

The Little Fort property consists of 12 mineral tenures for a total area of
8,654 hectares and is located approximately 25 kilometres to the northwest of
the town of Little Fort, B.C. The property is centered upon latitude 51 degrees
29'33" north and longitude 120 degrees 23'42" west. The exploration targets at
the Little Fort property include a polymetallic vein, skarn and porphyry type
copper-gold deposit.


About Gunpoint Exploration Ltd.

Gunpoint is a publicly traded mineral exploration company (TSX VENTURE:GUN). For
a more complete business and financial profile of the Company, interested
parties are encouraged to visit the Company's website,
www.gunpointexploration.com.


About Jiulian Resources Inc.

Jiulian is a publicly traded mineral exploration company (TSX VENTURE:JLR). For
a more complete business and financial profile of Jiulian, interested parties
are encouraged to visit Jiulian's website, www.jiulianresources.com.


ON BEHALF OF THE BOARD OF DIRECTORS OF JIULIAN RESOURCES INC.

X. Charlie Cheng, Chief Executive Officer and director

ON BEHALF OF THE BOARD OF DIRECTORS OF GUNPOINT EXPLORATION LTD.

E. Max Baker, President, Chief Executive Officer and director

All statements, other than statements of historical fact, in this news release
are forward-looking statements that involve various risks and uncertainties,
including, without limitation, statements regarding exploration results and
future plans and objectives of Jiulian and Gunpoint. Jiulian and Gunpoint's
actual results, programs and financial position could differ materially from
those anticipated in such forward-looking statements as a result of numerous
factors, some of which may be beyond the control of Jiulian and Gunpoint. These
risks and uncertainties include, but are not restricted to, the availability of
funds; the timing and content of work programs; results of exploration
activities and development of mineral properties; the interpretation of drilling
results and other geological data; the uncertainties of resource and reserve
estimations; receipt and security of mineral property titles; project cost
overruns or unanticipated costs and expenses; and general market and industry
conditions. There can be no assurance that such statements will prove to be
accurate. Actual results and future events could differ materially from those
anticipated in such statements. These and all subsequent written and oral
forward-looking statements are based on the estimates and opinions of management
on the dates they are made and are expressly qualified in their entirety by this
notice. Jiulian and Gunpoint assume no obligation to update forward-looking
statements should circumstances or management's estimates or opinions change.

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