Nirek Resources Inc.
FRANKFURT : 3N6

November 15, 2007 06:22 ET

Precedent for Nirek Gold Bullion Bar Warrant Application on Frankfurt Exchange

TORONTO, ONTARIO--(Marketwire - Nov. 15, 2007) - Nirek Resources Inc. ("Nirek") (FRANKFURT:3N6)(CUSIP:654641 10 9)(WKN: A0MTW5) is pleased to announce that they received the CUSIP for the special gold bullion bar warrant (CUSIP: 654641117)(ISIN: CA 6546411175) to shareholders of Nirek of record date November 30, 2007. Nirek has filed for listing of the warrant on the Frankfurt Stock Exchange.

For every ten thousand (10,000) shares of Nirek owned by the holder at the record date of November 30,2007, the holder will receive 1 warrant of Nirek. The warrant will allow the holder to purchase a 1 ounce gold bullion bar at an exercise price of $500.00 CAD payable to Nirek Resources Inc. to be redeemed by the holder at a designated bank in Zurich, Switzerland on or before March 31, 2010.

For every ten thousand (10,000) shares of Nirek acquired between December 1-31, 2007, the holder will receive 1 warrant of Nirek. The warrant will allow the holder to purchase a 1 ounce gold bullion bar at an exercise price of $600.00 CAD payable to Nirek or to be redeemed by the holder at a designated bank in Zurich, Switzerland on or before March 31, 2010.

For every ten thousand (10,000) shares of Nirek acquired between January 1-31, 2008, the holder will receive 1 warrant of Nirek. The warrant will allow the holder to purchase a 1 ounce gold bullion bar at an exercise price of $700.00 CAD payable to Nirek or to be redeemed by the holder at a designated bank in Zurich, Switzerland on or before March 31, 2010.

In any event, for every ten thousand (10,000) shares of Nirek owned, a holder will only receive 1 warrant of Nirek, regardless of the date of acquiring the shares from today's date to January 31, 2008.

The principle objective of Nirek Resources Inc. is to enhance and develop known mineral properties to production potential.

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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