Spirit Exploration, Inc. Completes Acquisition of Nueva Esperanza, Autonomus and Las Canas Mines in the Muluncay Mining District, Ecuador

May 22, 2007 Vancouver, BC: Spirit Exploration, Inc. (SPXP: Pink Sheets) Peter Laipnieks, President of Spirit is extremely pleased to announce that Spirit has finalized the acquisition of three mines and a flotation processing plant in the Muluncay Mining District near Portovelo in Southern Ecuador. Roger McClay, President of MINERAS ECUADORGOLDCORP S.A., a wholly owned subsidiary of Spirit targeted these acquisitions to provide properties from which Spirit can start producing gold immediately. Roger stated “even though local miners have been producing gold from these concessions for twenty years, we believe they have only scratched the surface of these potentially vast vein structures”.

The Autonomos Mine, itself, accesses four known major veins and several secondary veins that run for more than a kilometer and are open to depth. According to Duncan Bain, the consulting geologist, who wrote the 43-101 report on this concession: It is probable that a resource of greater than 1.6 million tonnes, with a grade in the order of 12 g/T (due to dilution by secondary veins and disseminations) could produce 19,200,000 g (600,000 oz) Au. No estimate of the value derived from silver or sulphide concentrate has been made, but it would add a significant amount to the value of this resource. Management believes the Muluncay Mining district contains in excess of 1 million oz gold equivalent. The company is currently assessing the upgrading of mining and mill production capacity to achieve a minimum of 300 tons per day operation.

The Muluncay Mining District contains gold-bearing quartz and quartz-adularia veins with abundant sulphides. Host rock is Celica Formation massive andesitic lavas and tuff intruded by small Lower Cretaceous age diorite/granodiorite plutons interpreted as a continental volcanic arc.in the N-S trending veins, dipping 70^o to 90^o NE, are the dominant structures for hosting gold, silver, lead, zinc and copper mineralization; the deposits are classified as adularia-sericite low- to intermediate sulphidation epithermal gold system. Secondary veins, stringers, breccia and disseminated mineralization in the wallrocks have never been exploited, or even properly assessed. The district has a production history of 8-10 grams per ton by local miners, working two of eight known vein systems in the Muluncay district. These veins have never been tested to depth. The company will also commence an extensive underground survey, mapping, sampling and drilling program.

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

Investor Relations: Peter Laipnieks, President 1-877-611-7111

Spirit Exploration, Inc. Creates Wholly Owned Subsidiary in Ecuador, Appoints Veteran Mining Professional as President and Creates Advisory Board

May 9, 2007 Vancouver, BC: Spirit Exploration, Inc. (SPXP: Pink Sheets) Spirit Exploration today announced the creation of Mineras Ecuador Gold Corp. SA, a wholly owned subsidiary, based in Machela, Ecuador. Roger McClay has been appointed President to oversee property acquisitions and development in Ecuador. Mr. McClay has over 30 years of experience in international resource exploration and development, acquisitions and mergers. Mr. McClay is President of Rioro Mining Corp., engaged in exploration and mining development in Ecuador.

Duncan Bain and Allan J. Beaton have joined the advisory board of Spirit Exploration.

Mr. Bain is a qualified Professional Geoscientist, experienced in exploration and mining. Since 1975, he has worked on several major exploration projects around the world and has produced over 100 engineering reports. He is currently a doctoral candidate at the University of Western Ontario, working to complete a Ph.D. in Geology. Mr. Bain runs his own mineral exploration and consulting company.

Allan J. Beaton – P. Eng., is a senior Mining Engineer with 35 years of professional mining experience in both large and small operations. Mr. Beaton has vast experience in underground operations including 7 years as mine manager of Erickson Gold Mines. He also served as President and Director of CanAfrican Metals and Mining Corp a TSX-V company. Mr.Beaton is currently President of A.J. Beaton Mining Ltd. and Vicore Mining Developments Ltd.

Peter Laipnieks President of Spirit Exploration stated, ‘Given that our growth strategy is so heavily focused in Ecuador it was only sensible that we concentrate our presence and management oversight there. I am delighted that we have enticed Roger McClay, who is a highly skilled and experienced person, to head our operations in Ecuador. Roger’s talent and extensive knowledge of the Ecuadorian mining community will hasten our objectives. Our aggressive acquisition strategy will also be greatly enhanced with the expertise brought by Duncan and Allan. Their tremendous knowledge and experience will allow us to more readily identify prospective properties and to prioritize our developments.”

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

Investor Relations: Peter Laipnieks, President 1-877-611-7111