SOURCE: Golden Spirit Enterprises Ltd.

March 16, 2007 06:30 ET

Company Signs Agreement for Children's Series "ASB: Power Force"

BELLINGHAM, WA -- (MARKET WIRE) -- March 16, 2007 -- Golden Spirit Enterprises Ltd. (OTCBB: GSPT) has signed an Agreement with Amazing Super Buddies Productions Inc. to act as the Producer and Distributor for a 3D Television Series for children known as "ASB: Power Force." The entire first series will consist of one pilot and twenty-five episodes, each having a length of twenty-two minutes. In return for its investment, the Company will receive a guaranteed fifteen (15) percent interest of gross receipts earned worldwide, inclusive of all character licensing and merchandise sold from the "ASB: Power Force" Series.

In addition, the Company was granted distribution rights for the "ASB: Power Force" Series and its characters under a joint arrangement with Industry Works Distribution, Inc. The Company and Industry Works Distribution, Inc. will be entitled to a joint distribution fee of fifteen (15) percent of gross receipts identified as sold by the Company and Industry Works Distribution, Inc., as well as five (5) percent of gross receipts sold by other distributors.

The "ASB: Power Force" Series is currently in pre-production and is intended for distribution in Video/DVD/Television markets worldwide. More information on the Series and its characters can be viewed at www.amazingsuperbuddies.com.

Robert Klein, President of Golden Spirit, states, "The decision for Golden Spirit to enter into the production and distribution of a Children's Series is due to the demand and financial success of other series, such as 'Pokemon,' 'Yu-Gi-Oh,' 'Sonic X,' and 'Teenage Mutant Ninja Turtles.'"

/s/ Robert Klein
Robert Klein, President

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical fact 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 in testing and evaluation of products and other risks detailed from time to time in Golden Spirit's filings with the Securities & Exchange Commission.

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