VICTORIA, BRITISH COLUMBIA--(Marketwire - Dec. 6, 2007) - Spirit Exploration, Inc. (PINK SHEETS:SPXP) Spirit Exploration views the recent actions and comments made by President Correa as very encouraging for mining companies working in Ecuador. As reported in the Ecuadorian Mining News on 11/26/07, The President of Ecuador, Rafael Correa has signaled his administration's support for large-scale mining by inviting Corriente Resources to participate in its trade mission to China, leading Corriente's Senior Vice President, Dan Carriere to comment, "We continue to see strong signs that Ecuador is open to foreign investment." This, coupled with President Correa's recent statement in a YouTube video, "The future of this country might be in mining," gives a clear signal that Ecuador's mining policy will continue to be favorable toward foreign investment and mining companies. "These comments bolster Spirit's prospects and opportunities with regards to its present and future investments in Ecuador's burgeoning mining industry," said Spirit's President Terry R. Fields.