Spirit Exploration, Inc.
PINK SHEETS : SPXP

Spirit Exploration, Inc.

October 30, 2007 09:01 ET

Spirit Exploration, Inc. Begins Phase One Exploration Program on Kylee Concession, Ecuador

MACHALA, ECUADOR--(Marketwire - Oct. 30, 2007) - Spirit Exploration, Inc. (PINK SHEETS:SPXP) has begun its Phase One exploration program on its recently acquired Kylee concession. Spirit has retained Duncan J. Bain, P.Geol. of London, Ontario, Canada to conduct this independent exploration field work. Duncan Bain has conducted over 100 geological studies around the world and is 43-101 compliant. The program will include detailed mapping, prospecting, stream sediment sampling, chip and channel sampling, trenching and litho geochemical sampling. All current and past underground workings will be mapped, surveyed and sampled. The result of this preliminary program should give us many potential drill targets.

Mr. Bain has also been commissioned to independently review several mining projects Spirit presently has under option. These properties encompass over 30,000 hectares in Zaruma, Portovelo, Loja and Machala areas of Ecuador. These projects range from grass root exploration projects to concessions with operating mines. Peter Laipnieks, President of Spirit stated "there is a land rush going on in Ecuador and we are securing a range of projects that will add to our resource base. Our initial focus was to secure and develop known veins systems such as our Muluncay and Maria Olivia Projects. We are now looking to add other projects to our portfolio that offer "discovery" potential as well as added production."

Further information is available on the company website: www.spirit-exploration.com.

Forward-Looking Statements: Certain information and statements included in this release are intended to constitute "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied in such forward-looking statements.

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