Spirit Exploration, Inc.
PINK SHEETS : SPXP

Spirit Exploration, Inc.

April 24, 2007 09:26 ET

Spirit Exploration, Inc. to Focus on Mineral Exploration and Development in Ecuador

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 24, 2007) - Spirit Exploration, Inc. (PINK SHEETS:SPXP) today announced that the corporate reorganization and restructuring that we started last year has been completed. Since our share rollback and name change, Spirit has been exploring opportunities in the resource sector in South America and Mexico. Spirit has been active in Ecuador for the past three months and has uncovered numerous projects that we now have under option and will be announcing in the near term.

Peter Laipnieks, President, said, "We are delighted with the progress we have made and where we are heading. The mineral resource potential of Ecuador has been proven to be amongst the best in the world, and we are excited to be participating. Our geologists and contractors in Ecuador are very experienced and knowledgeable, and are to be commended for our rapid advancements in finding several highly prospective projects. Over the past three months our team has identified and negotiated a number of targets that encompass gold, silver, copper, zinc and uranium properties, including working mines. Everything is proceeding well and we will be announcing finalized acquisitions in the near future."

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

Contact Information

  • Investor Relations:
    Peter Laipnieks
    President
    1-877-611-7111