Spirit Exploration, Inc. Acquires Kylee Concession in Azuay Province, Ecuador Posted : Fri, 19 Oct 2007 15:48:20 GMT Author : Spirit Exploration, Inc. Category : PressRelease News Alerts by Email click here ) Press Release News | Home

MACHALA, ECUADOR -- 10/19/07 -- Spirit Exploration, Inc. (PINK SHEETS: SPXP), through its wholly owned subsidiary, ECUADORGOLDCORP S.A., is pleased to announce it has acquired a strategic land package called Kylee, which consists of 2,050 hectares inside the Regional Mining District of Azuay, northeast of Machala, Ecuador. This project contains at least one major vein of 1 m width, and is suggested to be 2.3 km. long showing strength, continuity and depth which could host multi-million ton resource. Several large unexplored vein structures, including two vein systems presently being worked by local miners, need to be evaluated. Peter Laipnieks, President of Spirit, stated, "This is a very important acquisition for Spirit; it begins our movement into another well known gold district in Southern Ecuador."

This project will be fully evaluated with a preliminary exploration program which will take approximately two months. The program will include detailed mapping, prospecting, stream sediment sampling, chip and channel sampling, trenching and litho geochemical sampling. All current and past underground workings will be mapped, surveyed and sampled. The result of the preliminary program should give us drill targets. The next phase diamond drilling will allow detailed examination of vein and host rock, alteration patterns and structural elements. Sampling of core would be for gold, silver, copper and base metals. This work will establish a preliminary estimate of grade and tonnage for the project.

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.

Contacts:
Spirit Exploration, Inc.
Peter Laipnieks
President
(250) 384-2077
Website: www.spirit-exploration.com