Nirek Resources Inc.

December 17, 2007 02:00 ET

Nirek Closes $250,000 Flow Through Financing Gold Bullion Warrant & Starts Trading on Frankfurt

ONTARIO, CANADA--(Marketwire - Dec. 17, 2007) - Nirek Resources Inc. ("Nirek") (FRANKFURT:3N6) is pleased to announce that it has raised $250,000 Flow-Through capital.

In addition, The Gold Bullion Warrant (CUSIP: 654641 11 7) (WKN: A0SW7M) commences trading on the Frankfurt Stock Exchange Monday December 17, 2007.

The Company will use the net proceeds from the sale of the Flow-Through Shares to pay exploration expenses on the Company's gold projects. This qualifies as Canadian Exploration Expenses (as such term is defined in the Income Tax Act (Canada)). Nirek has received approval from Canadian Revenue Agency for $10,000,000 of Canadian Exploration Expenses.

About Nirek Resources Inc.

Nirek Resources Inc. ("NIREK") is a Canadian exploration company focused on exploring for precious and base metals in US and Canada. Its goal is to become one of Canada's major gold and precious metals producers through a series of joint ventures and mine and property acquisitions. It is the company's ambition to fulfill drilling requirements necessary to estimate a NI 43-101 compliant resource.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.

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