Jiulian and Gunpoint Enter Into Agreement for Purchase and Option of Gunpoint's B.C. Properties

Jiulian Resources Inc. ("Jiulian") (TSX VENTURE:JLR) and Gunpoint Exploration
Ltd. ("Gunpoint") (TSX VENTURE:GUN) are pleased to announce that they have
entered into an agreement dated effective January 25, 2011 (the "Agreement")
pursuant to which Jiulian will acquire certain mineral exploration properties
from Gunpoint in the Kamloops and Nicola Mining Districts in British Columbia.
Pursuant to the Agreement, Jiulian will purchase a 100% interest in Gunpoint's
Big Kidd and Little Fort claims groups (the "Acquisition"). The purchase price
for these two groups of claims is a cash payment to Gunpoint of $100,000 and the
issuance 1,875,000 common shares of Jiulian. Under the Agreement, Gunpoint has
also granted to Jiulian the option (the "Option") to purchase Gunpoint's Brassie
Creek and Craigmont claims groups. To exercise the option, Jiulian must, within
180 days following the closing of the Acquisition, pay to Gunpoint a further
$100,000 and issue to Gunpoint an additional 625,000 common shares. Jiulian's
title to the Big Kidd and Little Fort claims will be subject to a net smelter
return royalty in favour of Gunpoint and applicable Crown royalties. 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.


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.


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 target at
the Little Fort property is skarn type copper-gold deposit.


The Craigmont property, which covers the historic Craigmont Copper Mine,
consists of 3,078 hectares of mineral tenures, 8,457 hectares of joint venture
mineral tenures with Craigmont Holdings Ltd., and 347.35 hectares of leased
claims Craigmont open-pit, located approximately 14 km to the northwest of the
city of Merritt, B.C. The property is centered upon latitude 50' 12' 27" North
and longitude 120' 55' 29" West. The exploration target at the Craigmont
property is skarn type copper-gold deposit.


The Brassie Creek property comprises two contiguous mineral tenures covering
2,966 hectares and is approximately 65 kilometres east of the city of Kamloops,
B.C. The property is centered upon latitude 50 degrees 43'52" north and
longitude 121 degrees 1'46" west. The exploration target at the Brassie Creek
property is skarn type magnetite deposit.


The Acquisition and the Option are subject to TSX Venture Exchange ("TSXV")
approval. Closing of the Acquisition is expected to occur within five days of
TSXV approval. No finder's fee is payable in connection with the Acquisition or
the Option.


Dr. E. Max Baker, President and CEO of Gunpoint, commented, "We are glad to be
able to come to an agreement with Jiulian for the sale of our BC properties,
particularly Big Kidd and Craigmont, which in my opinion remain underexplored. I
look forward to joining Jiulian's board of directors and being involved in the
future exploration of these properties." 


Jiulian also announces that it has decided to abandon its work on the Hawk
Property and to return the property to Happy Creek Minerals Ltd., the optionor,
having fulfilled all obligations thereunder. This decision was made so that the
Company can focus on the properties to be acquired from Gunpoint.


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, Director

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

E. Max Baker, President, CEO and a director

Completion of the transactions above is subject to a number of conditions
including, but not limited to, TSXV acceptance.


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 the completion of the
Acquisition and Option, 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.
Jiulian Resources (TSXV:JLR)
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