Nirek Resources Inc.

July 11, 2008 02:00 ET

Nirek Announces a Private Placement "Special Bonus" Financing

ONTARIO, CANADA--(Marketwire - July 11, 2008) - Nirek Resources Inc. ("Nirek") (FRANKFURT:3N6)(Gold Warrant:CA6546411175) is pleased to announce the finalization of a European Private Placement for a minimum of 10,000,000 common shares on a best efforts basis.

The offering includes a "Special Bonus" to any subscribing shareholder who purchases a minimum of 10,000 common shares and holds the shares for a full calendar year. Such shareholders upon verification of their share holdings and the required retention period will be issued 1 common share at no cost for every 5 common shares held. In effect, a shareholder holding 10,000 common shares after 1 year would receive an additional 2,000 common shares as a bonus.

On completion of the above offering, Nirek has agreed to facilitate a further offering of an additional 5,000,000 common shares on similar terms.

The Company intends to use the proceeds of this private placement to do drilling and exploration work at its 100% owned Sarah Lake property in Quebec. The planned program is to verify the mineral reserves and mineral resources to assist in the preparation of a Mine Feasibility study. In addition the company has three gold properties in Northern Ontario, known as the Kirana Mine, Eby-Otto Fault Zone and Gosselin Veins.

Richard Ross, President of Nirek Resources, said "This is an important milestone in Nirek's growth which facilitates moving forward with additional exploration and development as well as allowing us to evaluate other opportunities".

About Nirek Resources Inc.

Nirek Resources Inc. ("Nirek") is a Canadian exploration company specializing on exploring for precious and base metals in the U.S. and Canada. The company is focused on acquiring gold and precious metal properties with proven reserves through a series of joint ventures, mine and property acquisitions.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical 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 beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings.

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