Nirek Resources Inc.

March 12, 2008 02:00 ET

Nirek Evaluates a Multi-Mineral Property in Quebec and Announces a $20 Million Flow-Through Filing

ONTARIO, CANADA--(Marketwire - March 12, 2008) - Nirek Resources Inc. ("Nirek") (FRANKFURT:3N6)(Gold Warrant:CA6546411175) is pleased to report it is evaluating a multi-mineral, multi-million tonnage property in Quebec.

Based on historic samples, the property indicates:

a) excellent gold values;

b) high values of copper and nickel;

c) significant values of chromium, cobalt, platinum, palladium and rhodium.

Nirek management is impressed that Fonteneau Resources Ltd., which did geochemical surveying (MMI-Metallic Mineral Ion) and prospecting, reported an inferred resource potential of 13.2 million tonnes of mineralization. The multi-metal rock formation stands 200 metres high and covers an area of 1.1 kilometres by 1.5 kilometres. As such, its production would primarily be lower cost open pit mining. The mining rights cover 20 contiguous staked claims.

Since only a small portion of the property has been subject to geological surveys and drilling, the full potential of the property's potential mineral recovery value requires further exploration.

In addition, Nirek is pleased to announce that the Canada Revenue Agency has accepted a $20-million flow-through share offering filing.

About Nirek Resources Inc.

Nirek Resources Inc. ("Nirek") is a Canadian exploration company focused on exploring for precious and base metals in US 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. It is the company's ambition to fulfill drilling requirements necessary to estimate a NI 43-101 compliant resource.

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.

Outstanding Shares: 16,952,220

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