Spirit Exploration, Inc.
PINK SHEETS : SPXP

Spirit Exploration, Inc.

December 12, 2007 16:57 ET

Spirit Exploration, Inc. Files Form 10-SB Registration Statement with Security and Exchange Commission

VICTORIA, BRITISH COLUMBIA--(Marketwire - Dec. 12, 2007) - Spirit Exploration, Inc. (PINK SHEETS:SPXP) is pleased to announce that it has filed its Form 10-SB with the Security and Exchange Commission. "Completing our audited consolidated financials has now allowed us to report to the SEC by way of filing our Form 10-SB registration statement. This is another link in the chain of our becoming a fully reporting company and will greatly increase our credibility and shareholder value," stated Terry Fields, CEO of Spirit. The Form 10-SB filing is subject to review and comment by the SEC.

About Spirit Exploration, Inc.: Spirit Exploration, Inc., a Nevada Corporation, is an early production mining company. Through its subsidiary ECUADORGOLDCORP, S.A., of which we own 99%, we are in the business of acquiring, exploring and developing mineral (gold, silver, copper) concessions in Ecuador. Spirit is in the process of bringing several mines into production. We have acquired, and we have options to acquire, a diverse range of mineral production and exploration properties in Ecuador. Included in these properties are several land packages that can be joint- ventured, allowing us to advance these properties with little of our own capital while still participating in the upside.

Further information is available on the company website: www.spirit-exploration.com

Forward-Looking Statements: Certain information and statements included in this release are intended to constitute "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied in such forward-looking statements.

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