SOURCE: Golden Spirit Enterprises Ltd.

March 25, 2008 08:00 ET

Golden Spirit Signs Agreement to Turn Waste to Energy

MONTREAL--(Marketwire - March 25, 2008) - Golden Spirit Enterprises Ltd. (OTCBB: GSPT) reports that the Company has signed an Agreement with EnEco Industries Ltd. ("EnEco"), a waste management company that has been in operation for fifteen years, to form an alliance for a renewable energy entity, where Golden Spirit will take majority interest in a series of Municipal Solid Waste (garbage) fueled Recycling and Resource Recovery Plants designed by EnEco. These plants will be in strategically located areas diverting tons of garbage from landfills and drastically reducing greenhouse gas outputs.

The Agreement calls for a joint venture utilizing EnEco's expertise and technology to develop a municipal solid waste (garbage) recycling and biomass derived renewable energy facility.

Golden Spirit and EnEco will build and operate a series of solid waste recycling and biomass derived renewable energy facility with greenhouse and algae subsystems that will utilize our Thermal Oxidation Process System (TOPS) technology to generate electricity for sale to the local power grid ("The Project").

Our TOPS gasification plants decompose organic matter (with heat and air) and recover non-organics by utilizing specialized equipment and is a proven alternative to landfills. TOPS uses low heat (500-600 Celsius) to convert all the carbon locked up in unsorted garbage into a form where it produces high quality heat through a second stage gas oxidizer running at around 1,100 Celsius. This process creates energy, enough to make electrical energy and support district heating / greenhouses. The TOPS system provides controlled conditions to utilize Carbon Dioxide (CO2) for accelerated plant growth in greenhouses and algae farms. The other non-carbon materials in garbage, such as aluminum, tin, copper and stainless steel, and can be easily separated after all the carbon has been removed without melting or slagging. Micron sized metals, silica, calcium etc, are also sorted out for re-use by using the Ash Recycling and Recovery Equipment (ARRE) sub-system.

Our larger Controlled Oxidation Reduction Environments (CORE) gasification plants operate on the same technical principal as the TOPS plants, though with a much higher ton/day capacity and resulting higher energy output.

Once built, the plants will operate for 35 years and are considered 'firm' power producers meaning they produce power on a continuous basis all year unlike other renewable power sources. EnEco has a sustainable, proven and leading-edge plant design for small to medium-sized cities that provide a means to meet new environmental directives.

EnEco's key personnel have been involved in the development construction and operation of "Waste to Energy" projects which range from 2 tons/day to 500 tons/day. EnEco has built and sold ten (10) "Waste to Energy" units ranging from 2 tons/day (TOPS Unit) to 500 tons/day (CORE Unit). These sales have been to Hawaii, Taiwan, China, Malaysia, Korea and Canada.

/s/ Robert Klein
Robert Klein, President

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

Visit our website at www.goldenspirit.ws

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

  • Golden Spirit Enterprises Ltd.

    Corporate Office
    702 Kentucky Street, Suite 541
    Bellingham, WA 98225
    Tel: 1-888-488-6882

    Administration Office
    385 52 Ave., Pointe-Calumet
    Quebec, J0N 1G4
    Fax: 1-888-265-0498

    www.goldenspirit.ws