Lithium South Development CorporationTSXV: LIS

Gold Port Report - 26 Soil Cores in for Assay

· Issued by Lithium South Development Corporation via CNW
Exploration Update from the Akaiwong Project

Symbol: GPO TSX-V

VANCOUVER, Aug. 18 /CNW/ - Gold Port Resources Ltd. (The "Company")(TSX-V:GPO) is pleased to report on exploration progress at the Akaiwong Project. The Akaiwong Project is located in the Cuyuni Mining District, Guyana S.A. and is situated approximately 20 kilometers southeast of the Aurora Project. The Aurora Project is a multi-million ounce gold discovery owned by Guyana Goldfields.

A Company owned and operated Geoprobe Soil Core Sampler is undertaking an extensive program of surface probe sampling. A total of 26 holes have been completed, and soil cores are now at Loring Laboratories (Georgetown, Guyana) for analysis. The holes range in depth from 12 to 32 feet with total footage of 648 feet. The Geoprobe uses a dual tube system and produces a four foot soil core enclosed within a plastic tube. The track mounted unit is able to access areas of the Akaiwong Project previously unavailable for more advanced exploration. Gregg Powlan, Project Geologist, is on site and supervising the collection of samples. The intent of the program is to expand upon the previously identified near surface gold zone located by prior drilling. The program is scheduled to complete 100 holes.

Annual General Meeting Update
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Due to scheduling matters, the Annual General Meeting of the Company is now scheduled for Monday, September 29, 2008.

The contents of this press release were reviewed by Allen V. Ambrose, a Registered Geologist in the State of Washington, and a Qualified Person as defined in National Policy 43-101

On Behalf of the Board of Directors of Gold Port Resources Ltd.

Adrian F.C. Hobkirk
President and Chief Executive Officer

The TSX Venture Exchange has not reviewed and therefore does not accept responsibility for the adequacy or accuracy of the content of this press release. This news release contains certain "forward-looking statements" within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements. Forward-looking statements are based upon opinions and estimates of management at the date of this press release, and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward-looking statements. The reader is cautioned not to place undue reliance on forward-looking statements. This news release is not an offer to buy or sell any securities. We seek safe harbour.