Canadian Spirit Resources Inc.
TSX VENTURE : SPI
OTC Bulletin Board : CSPUF

Canadian Spirit Resources Inc.

August 08, 2011 11:02 ET

Canadian Spirit Resources Inc. Announces Montney Well Completion / New Well at East Farrell

CALGARY, ALBERTA--(Marketwire - Aug. 8, 2011) - Canadian Spirit Resources Inc. ("CSRI" or the "Corporation") (TSX VENTURE:SPI) (OTCBB:CSPUF)announces that the horizontal well located at c-45-I/94-B-1 in the Farrell Creek area in northeastern B.C. has been fracture stimulated and tested by Canbriam Energy BC Partnership ("Canbriam"), operator of the Farrell Creek Montney joint venture. Canbriam will tie-in this well to the Farrell Creek gas facility at a rate of approximately 1.5 mmcf/d. The tie-in will require a short lateral to be constructed as part of the existing gas gathering system. Construction has been initiated and should be completed by early September.

As previously announced (see News Release dated June 22, 2011), Canbriam has spud and is currently drilling a vertical well (12-7-83-24W6) to test the potential for natural gas liquids on its east Farrell Creek lands. The drilling and subsequent testing of this well is expected to be finished by early October. Other Montney operators in the immediate area have recently announced natural gas liquids ranging from 20 to 30 bbls per mmcf.

CSRI is a natural resources company focusing on the identification and development of opportunities in the unconventional gas sector of the energy industry.

On behalf of the Board of Directors,

CANADIAN SPIRIT RESOURCES INC.

Don Gardner, Chief Executive Officer & Secretary

The corporate information contained in this news release may contain forward-looking forecast information. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonably accurate by CSRI at the time of preparation, may prove to be incorrect. The actual results achieved during the forecast period will vary from the information provided herein and the variations may be material. Consequently there is no representation by CSRI that actual results achieved during the forecast period will be the same in whole or in part as those forecast.

THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED THE INFORMATION CONTAINED HEREIN AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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