BELLINGHAM, Wash., Feb. 23, 2004 (PRIMEZONE) -- Golden Spirit Minerals Ltd. (OTCBB:GSPM) announces it will explore for precious metals in the hard rocks underlying the previously mined and unknown placer deposits. Consequently, Golden Spirit is presently receiving bids from several independent mining engineers and geologists, who after review of available data, will draft a report and have recommendations to include a budget for Phase 1 and Phase 2 work programs. Subject to the results of the Phase 1 work program, Phase 2 will probably consist mostly of drilling.
The Phase 1 program is expected to include grid emplacement, geological mapping, soil and rock sampling, trenching and geophysical surveys.
"Having the Fort Knox and True North mines, both operated by Kinross Gold in the area gives Golden Spirit confidence to continue further exploration towards a hard rock deposit," states president Robert Klein.
Golden Spirit Minerals Ltd. is focused on building a portfolio of promising gold properties to maximize shareholder value based on the ever-increasing value of Gold.
(s) Robert Klein ---------------- Robert Klein, President
Visit our web site at www.goldenspirit.ws
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays in testing and evaluation of products and other risks detailed from time to time in Golden Spirit Minerals filings with the Securities