SOURCE: Golden Spirit Enterprises Ltd.

October 30, 2009 06:00 ET

Golden Spirit Enters the Gold Mining Sector

BELLINGHAM, WA--(Marketwire - October 30, 2009) - Golden Spirit Enterprises Ltd. (OTCBB: GSPT) reports the company has entered into an Option Purchase Agreement with a Utah-based Resource Company (Vendor) to acquire a 100% interest in a block of strategically located gold mineral lease claims in east central Nevada. These claims are all located in the heart of the newly discovered 'Long Canyon Gold Trend' where four major companies (Fronteer Development Group Inc., AuEx Ventures Inc., Agnico Eagle Mines Ltd. and Barrick Gold Corporation) have spent over $40 million dollars in exploration costs to date defining near surface gold deposits with similar geology and characteristics as the famous Carlin Gold Trend. These four companies to date have major land positions in this new trend and have made press releases confirming exceptional gold values in their recent extensive drilling programs which continue to date.

The Company will be required to provide cash payments in installments and issue shares of the Company's stock to the Vendor for entry into this exclusive Option Purchase Agreement. Golden Spirit also will be required to provide working capital to complete a two phase exploration program, and to define potential drill targets on the claim block.

Through this agreement, the company will also have the first option to acquire additional gold mineral lease properties from the Vendor in this newly discovered Long Canyon Gold Trend area and in other gold exploration and gold production areas of Nevada in the future.

/s/ Christopher Scheive
Christopher Scheive, President

For further information contact: 1-888-488-6882

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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