SOURCE: Golden Spirit Enterprises Ltd.

June 16, 2008 06:00 ET

Golden Spirit Receives Governmental Interest in Its Gasification Technology

MONTREAL--(Marketwire - June 16, 2008) - Golden Spirit Enterprises Ltd. (OTCBB: GSPT) reports that a major Canadian city has requested a formal proposal from the Company for the implementation of its CTC Greencycle gasification plant.

Canadian municipalities are implementing customized programs for minimization, reuse, recovery and recycling of waste. Innovative and environmentally sound Canadian solutions to collect, treat and dispose of solid waste are being employed internationally.

Disposal and diversion of waste, by province and territory, 2002 and 2004
(Total waste disposed measured in tons)

                                   2002           2004          % Change

Canada                          24,081,371     25,291,015          5.0
Newfoundland and Labrador         376,594        400,048           6.2
Prince Edward Island                 x              x              6.9
Nova Scotia                       389,194        399,967           2.8
New Brunswick                     413,606        442,173           6.9
Quebec                           5,846,459      6,159,960          5.4
Ontario                          9,645,633     10,053,154          4.2
Manitoba                          896,556        928,118           3.5
Saskatchewan                      795,124        833,511           4.8
Alberta                          2,890,294      3,077,311          6.5
British Columbia                 2,687,882      2,841,361          5.7

Source - Statistics Canada

Between 1993 and 2003, the only form of energy R&D on which spending actually increased was R&D in alternative sources of energy. In 2003, this type of spending reached $204 million, accounting for 31% of total R&D spending on energy, double the proportion of only 15% in 1993. Governments and public waste management bodies generated over $951 million from waste management activities in 2004. - Source - Statistics Canada

"The Company is very encouraged by the open-arm reception we have received from the major municipalities and cities throughout North America. The addition of Dr. Reese Halter to the Company's advisory board is an important alliance in our team's efforts to offer the Waste Management sector an environmentally sound and economically attractive technical alternative to landfill," states Company president Robert Klein.

/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.

Contact Information

  • For further information contact:
    Golden Spirit Enterprises Ltd.
    1-888-488-6882

    Visit our website at www.goldenspirit.ws