Canadian Spirit Resources Inc. Announces Operational Update and Grant of Options

July 12, 2023

CALGARY, Alberta, July 12, 2023 (GLOBE NEWSWIRE) — Canadian Spirit Resources Inc. (“CSRI” or the “Corporation”) (TSXV:SPI) (OTCBB:CSPUF) advises that, as a result of the continued deterioration of the North American natural gas prices accompanied by the further discounted price experienced by producers in northeastern British Columbia producing into the Spectra main pipeline, it has shut-in natural gas production at Farrell Creek due to a negative netback on joint venture natural gas production. At this time it is unknown when this production will resume. The Corporation will provide another update to this evolving situation when appropriate.

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