SOURCE: Golden Spirit Enterprises Ltd.

October 18, 2010 06:00 ET

Terralene Presentation in China Yields Positive Feedback

NEW YORK, NY--(Marketwire - October 18, 2010) -  Golden Spirit Enterprises Ltd. (OTCBB: GSPT) reports the results of Terralene Fuel's presentation at the World Emerging Industries Summit held last month in Changchun, Jilin Province, China.

Terralene Fuel is the Company's patented fuel alternative formulation that is the equivalent of regular unleaded gasoline and utilizes renewable energy sources in 45% of its composition. Terralene's unique fuel reduces greenhouse gases, other environmental damaging emissions and can easily be integrated into the existing fuel infrastructure. No modification is required on existing vehicles using gasoline.

Golden Spirit's objective at the summit was to gain co-operation in developing a fuel specification standard that will incorporate Terralene for acceptable use in most countries. This acceptance needs to come from government, fuel companies and automakers.

As a result of the presentation, the Company had private meetings with one of China's largest auto manufacturer's with respect to Terralene Fuel's requirements and is currently involved with the automaker with respect to a due diligence process they must follow to verify Terralene's authenticity.

In addition, the Company received serious interest from representatives of the government of Nepal, the world's youngest republic. Nepal is located between China and India, the two fastest growing world economies. As 45% of Terralene's composition is from renewable sources and 70% of Nepal's industry is agricultural based, Nepal's interest is very valuable. Terms and conditions of how the Company could develop Terralene in Nepal is currently in progress.

Details of these discussions will be announced once they develop.

Mission Statement:
Golden Spirit Enterprises Ltd. is an environmentally, socially conscious Company specializing in green technologies which assist in fighting global warming.

/s/ Jaclyn Cruz
Jaclyn Cruz, President 
For further information contact: 1-888-488-6882

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical fact 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 in testing and evaluation of products and other risks detailed from time to time in Golden Spirit's filings with the Securities & Exchange Commission. 

Contact Information