Spirit Exploration retains leading investor relations firm

    BAKERSFIELD, CA, Feb. 8 /CNW/ - Spirit Exploration, Inc. ("Spirit
Exploration" or the "Company"), (SPXP.PK) today announced that it has retained
the Equicom Group ("Equicom") to provide the Company with strategic investor
relations and financial communications services.
    Equicom provides strategic communications services to more than 100
public companies across a diverse range of industries. Under the terms of the
agreement, Spirit Exploration will pay Equicom a monthly retainer fee of
$7,500 for professional services. The initial contract term is 12 months.
Neither Equicom nor any of its principals has an ownership interest, directly
or indirectly, in Spirit Exploration or its securities, and Spirit Exploration
has not granted Equicom or its principals any right to acquire such an
interest. Equicom is a wholly owned subsidiary of TSX Group Inc.

    About Spirit Exploration Inc.

    Spirit Exploration, Inc., a Nevada Corporation, is a mineral exploration
company, seeking to enter near term production. 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 currently in the process of bringing several mines into
production. We have acquired, and we have additional options to acquire, a
diverse range of mineral production and exploration properties in Ecuador.

    About The Equicom Group

    The Equicom Group, a wholly owned subsidiary of TSX Group Inc., is
Canada's leading Investor Relations consulting firm. With proven expertise in
developing and executing highly effective strategic communications programs,
and an extensive network of investment community contacts, Equicom specializes
in helping clients achieve their capital markets objectives. Headquartered in
Toronto, with offices in Montreal and Calgary, Equicom offers a comprehensive
suite of services including: investor relations, media relations, annual
report production, multimedia and web design, web casting, live event
management and corporate branding. For further information, please visit
    Further information is available on the company website:

    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.

For further information:

For further information: IR Contacts: Toronto: Martti Kangas, The
Equicom Group, (416) 815-0700 x 243, mkangas@equicomgroup.com; USA: Dan
Gravelle, Goal Capital LLC, Phone: (877) 887-2118,

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