Spirit Exploration, Inc.
PINK SHEETS : SPXP

Spirit Exploration, Inc.

November 30, 2007 09:49 ET

Spirit Exploration, Inc. Publishes Information and Disclosure Statement

VICTORIA, BRITISH COLUMBIA--(Marketwire - Nov. 30, 2007) - Spirit Exploration, Inc. (PINK SHEETS:SPXP) announced today that it has published on Pink Sheets News Service its "Information and Disclosure Statement pursuant to rule 15c2-11", its unaudited Consolidated Financial Statements as of September 30, 2007 and December 31, 2006, as well as an "Attorney Letter With Respect To Adequate Public Information." These documents can be reviewed at www.pinksheets.com under the symbol "SPXP." These steps will make Spirit Exploration fully compliant with pinksheets recently implemented disclosure guidelines.

Terry Fields stated, "Since my becoming CEO, I have made it my goal to keep shareholders informed as our business develops. Transparency and open information exchange are critical precursors to any sustained investor confidence. The filing of this initial Disclosure Statement and Financial Statements is an important first step in a series of steps that will culminate in complete transparency as a fully reporting company listed on a senior exchange."

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 easily 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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