Nirek Resources Inc.

December 05, 2007 15:41 ET

Nirek Resources Inc. Announces Letter of Intent for Indian Lake Gold Property

ONTARIO, CANADA--(Marketwire - Dec. 5, 2007) - Nirek Resources Inc. ("Nirek") (FRANKFURT:3N6-FRA) (CUSIP:654641 10 9)(WKN: A0MTW5) is pleased to announce that they have signed a letter of intent (LOI) to acquire the Indian Lake gold property in the Shining Tree area (Tyrrell Township) of Ontario. The LOI has a earn-in option to earn 100% interest over a 3 year period. The Indian Lake property has a preliminary resource evaluation which indicates a resource of approximately 135,000oz of gold at a grade of approximately 2.3 gram per tonne within a 1 g/T envelope.

First Phase of Exploration

Eight NQ-sized diamond drill holes were completed on the Indian Lake property totaling 1574.6m. The 1574.6m drill program of 8 holes encountered mineralization in every hole and defined a new discovery adjacent to the Timiskaming-Keewatin unconformity (Indian Lake Break) on the eastern section of the property.

Drilling on the Indian Lake property has intersected a consistent shear-hosted zone of gold mineralization along a steep regional northwesterly striking contact between Keewatin-aged volcanics and Timiskaming-aged sedimentary rocks. The mineralized zone has been intersected in 6 holes and consists of a stacked series of mineralized zones in altered arkosic sandstones and felsic porphyry dikes. The zones occurs as steeply dipping (approximately 75 degrees) stacked 1-20m wide continuous wedges or pods of strongly sheared pyritic schists in the hanging wall to the regional contact or break. Preliminary resource evaluation indicates a resource of approximately 135,000oz of gold at a grade of approximately 2.3 gram per Tonne within a 1 g/T envelope. The geology of the discovery indicates that this deposit, along the contact, is a focus of multiple periods of faulting, ductile deformation, intrusion and hydrothermal alteration and mineralization.

It must be stressed that the information gained from this first phase of exploration and discovery is very limited and much is yet to be learned of these newly recognized northwesterly breaks.

The company is well financed to continue its exploration program into 2008.

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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