Nirek Resources Inc.

January 28, 2008 02:00 ET

Nirek Resources Inc. Completes Acquisition for Eby-Otto Fault Zone Gold Property

ONTARIO, CANADA--(Marketwire - Jan. 28, 2008) - Nirek Resources Inc. ("Nirek") (FRANKFURT:3N6)(WKN:A0MTW5) and Gold Warrant (FRANKFURT:CA6546411175) (WKN:A0SW7M) is pleased to announce that they have completed the acquisition of the Eby-Otto Fault Zone gold property. The signed agreement has an option to earn 100% interest over a 3-year period. The Eby-Otto Fault Zone gold property is located 13 km southwest of Kirkland Lake, Ontario and 3 km southeast of Lake Kenogami or 4 km west of Otto Lake in Otto and Eby Townships.

Sharpley (1999) describes the mineralization and alteration on the property as follows:

"A major zone consisting of iron carbonate, silicification and pyritization occurs over a strike length of 1000 m and a width of 200 m on the Allsopp-Huston Property along the Eby-Otto fault, which is a subsidiary of the Cadillac-Larder Lake Break within the Larder Lake Group of tholeiitic volcanics. A zone of silicified breccia occurs within the envelop of alteration with disseminated pyrite over a strike length of 600 m and over a width of 50 m. Geochemical1y anomalous values occur in and around the alteration zone ranging up to 1851 ppb (Au). Moderate to strong induced polarization (chargeability) anomalies.

Recommended Exploration Program

An exploration program on the exploration targets is recommended
as follows: to complete 12 km of line cutting, to complete a 8 km I.P. survey, 6 km magnetometer and geological survey, fill-in I.P survey on the central grid, and complete channel sampling in trenches. Also, NQ-diamond drilling of six holes totaling 2000 metres.

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

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. Its goal is to become one of Canada's major gold and precious metals producers 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 with the Securities and Exchange Commission.

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