BELLINGHAM, WA -- (Marketwire) -- 08/06/10 -- Golden Spirit Enterprises Ltd. (OTCBB: GSPT) announces that the Company has signed a Memorandum of Understanding (MOU) with Global Terralene Inc. (GTI), a Canadian Company in the Additive and Alternative Fuel Industry.

The MOU states that Golden Spirit will acquire the assets of GTI to develop and market a proprietary patented fuel formula with products known as the "Terralene Family of Fuels" worldwide. Terralene is a unique fuel formulation which reduces greenhouse gas and other environmentally damaging emissions while maintaining an existing engine's operational capacity at the same level or better than currently available fuels at the pump. Terralene Fuel is adaptable to existing engine designs and is formulated to keep the car engine in better condition longer and will enable one to need fewer oil changes. While based on fossil fuels and non food chain agriculture components, 45% of this special green formulation is from renewable energy sources. Also important is the fact that Terralene Fuels will provide a significant savings in fuel costs for the consumer. Additional information is available about Terralene Fuels at www.terralenefuels.com.

With the world being conscious of global warming issues, Golden Spirit feels that Terralene Fuel is an ideal fuel alternative utilizing existing infrastructure already in place to assist in the fight to reduce carbon emissions globally. Why re-invent the wheel? As an additive, Terralene fuels can be an enhancement to prolonging the use of existing fuel reserves and those that are already being sold at the pumps.

The Company will issue restricted Rule 144 shares for the GTI acquisition. The Company is working on a formal agreement with GTI to complete this acquisition as soon as possible.

Mission Statement:
Golden Spirit Enterprises Ltd. is an environmentally, socially conscious Company specializing in green technologies which will assist in fighting global warming.

/s/ Jaclyn Cruz
Jaclyn Cruz, President

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's filings with the Securities & Exchange Commission.