SOURCE: Golden Spirit

April 03, 2007 05:00 ET

Company Signs Agreement for Dramatic Film "Tales of Rain and Magic"

BELLINGHAM, WA -- (MARKET WIRE) -- April 3, 2007 -- Golden Spirit Enterprises Ltd. (OTCBB: GSPT) reports that the Company has acquired from Beijing Dadu Sunshine Film & Culture Co. Ltd., the exclusive distribution rights worldwide, except for Asia, for the film "Tales of Rain and Magic." Under the terms of the Agreement, the Company will receive twenty-five (25) percent interest of the gross receipts earned from sales in those countries.

The film's Director, Ms. Sun Xiaoru, is one of mainland China's most promising young directors. Born in Sichuan Province, she received her master's degree from the Beijing Film Academy. She has won awards in Mainland China, Hong Kong, Korea, Japan and Taiwan for outstanding achievements in the film industry.

"Tales of Rain and Magic" portrays a young girl's coming of age, and of the psychological and physiological changes that she encounters along the way to adulthood. With its stories of wind and water, rain and magic, love and loss, the film unfolds like a charming fairytale.

Robert Klein, President of Golden Spirit states, "By securing the distribution rights for 'Tales of Rain and Magic,' Golden Spirit has acquired a carefully crafted composition that was shot in exquisite locations, with outstanding performances and skillful editing. We look forward to the prospects of distributing such a satisfying cinematic experience."

/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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