Canadian Spirit Resources Inc. Announces Grant of Stock Options

CALGARY, ALBERTA–(Marketwired – Aug. 6, 2014) – Canadian Spirit Resources Inc. (“CSRI” or the “Corporation”) (TSX VENTURE:SPI)(OTCBB:CSPUF) announces that the Corporation’s Board of Directors has approved a grant of 1,320,000 options to acquire shares of the Corporation in accordance with the terms and conditions of the Corporation’s Stock Option Plan.

The Corporation has granted J.R. Richard Couillard, recently appointed as President & COO, stock options to acquire 320,000 shares. These options will have a term of five years, vest over three years and have an exercise price of $0.50 per share.

In addition, the Corporation has granted Mr. Couillard, stock options to acquire 1,000,000 shares. These options will have a term of three years, vest pursuant to the achievement of specific corporate objectives and have an exercise price of $0.50 per share. Vesting of these options takes place at corporate share prices between $0.80 and $2.00 per share.