Nirek Resources Inc.
FRANKFURT : 3N6

December 04, 2007 15:00 ET

Nirek Extends Warrant Backed Gold Bullion Bar

ONTARIO, ONTARIO--(Marketwire - Dec. 4, 2007) - Nirek Resources Inc. ("Nirek") (FRANKFURT:3N6)(CUSIP:654641 10 9)(WKN:A0MTW5) is pleased to announce an extension to the special gold bullion bar warrant to shareholders of Nirek.

For every ten thousand (10,000) shares of Nirek owned by the holder at the record date of December 31, 2007, the holder will receive 1 warrant of Nirek. The warrant will allow the holder to purchase a 1 ounce gold bullion bar at an exercise price of $500.00 CAD payable to Nirek Resources Inc. to be redeemed by the holder at a designated bank in Zurich, Switzerland on or before March 31, 2010.

For every ten thousand (10,000) shares of Nirek owned by the holder at the record date of January 31, 2008, the holder will receive 1 warrant of Nirek. The warrant will allow the holder to purchase a 1 ounce gold bullion bar at an exercise price of $550.00 CAD payable to Nirek or to be redeemed by the holder at a designated bank in Zurich, Switzerland on or before March 31, 2010.

For every ten thousand (10,000) shares of Nirek owned by the holder at the record date February 29, 2008, the holder will receive 1 warrant of Nirek. The warrant will allow the holder to purchase a 1 ounce gold bullion bar at an exercise price of $600.00 CAD payable to Nirek or to be redeemed by the holder at a designated bank in Zurich, Switzerland on or before March 31, 2010.

For every ten thousand (10,000) shares of Nirek owned by the holder at the record date of March 31, 2008, the holder will receive 1 warrant of Nirek. The warrant will allow the holder to purchase a 1 ounce gold bullion bar at an exercise price of $650.00 CAD payable to Nirek or to be redeemed by the holder at a designated bank in Zurich, Switzerland on or before March 31, 2010.

In any event, for every ten thousand (10,000) shares of Nirek owned, a holder will only receive 1 warrant of Nirek, regardless of the record date, provided he was a holder on one of the record dates.

The principle objective of "Nirek" is to enhance and develop known mineral properties to production potential.

The company is well financed to continue its exploration program into 2008.

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 with the Securities and Exchange Commission.

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