Spirit Exploration, Inc. Comments on Recent Political Developments in Ecuador

BAKERSFIELD, CALIFORNIA, Apr 25 (MARKET WIRE) --
Spirit Exploration, Inc. (PINK SHEETS: SPXP) provides the following
comment on recent developments following the publication of a new mining
mandate adopted by Ecuador's Constituent Assembly on April 18, 2008. The
new mining mandate invokes an immediate 180-day suspension of activities
on virtually all mining concessions in Ecuador while a new mining law is
drafted and adopted. Spirit is awaiting formal notification from the
Ministry of Mines and Petroleum of the effects of the mining mandate on
the company's operations, as defined in the final provisions of the
mandate. Spirit's management is committed to working to create value for
shareholders as it continues to monitor the situation in Ecuador. Spirit
is seeking further clarification from government officials on how the new
mining mandate will be implemented and will provide additional commentary
as more detail becomes available.

Due to the negative volatility of the world derivative market and the
upheaval in the mining sector in Ecuador, Spirit Exploration, Inc. has
suspended its funding negotiations with Quote Platform Syndicate. We are
pursuing other avenues of funding and will be updating our shareholders
in the very near future.

About Spirit Exploration, Inc.

Spirit Exploration, Inc., a Nevada Corporation, is an exploration stage
mining company. Through its 99% owned subsidiary ECUADORGOLDCORP, S.A.,
Spirit Exploration is 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 also have
an option to purchase the Emerson Tungsten Mine near Rachel, Nevada.

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:
Goal Capital LLC
Dan Gravelle
1-877-887-2118
Email: danny@spirit-exloration.com
Website: www.spirit-exploration.com

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