SPI Canadian Spirit Resources Inc

Canadian Spirit Resources Inc. ("CSRI" or the "Corporation") (TSX VENTURE:SPI)
(OTCBB:CSPUF) announces the approval of a grant of stock options, and as part of
an overall corporate strategy, a planned reduction in the size of its Board of
Directors.


The Corporation's Board of Directors has approved a grant of 1,605,000 options
to directors, officers and employees to acquire shares of the Corporation in
accordance with the terms and conditions of the Corporation's Stock Option Plan.
Certain options issued to a senior officer are subject to shareholder approval
which is expected to be sought at the Corporation's annual meeting planned for
May 2013. All the options have a term of five years and may be exercised at a
price of C$0.25 per share. Subject to acceptance by the TSX Venture Exchange,
this grant of options will result in a total of 5,372,500 options outstanding,
representing 5.9 percent of the total common shares outstanding.


Effective November 30, 2012, the Board of Directors accepted the resignations of
Mr. George Watson, Mr. Philip Grubbe and Ms. Susannah Tam as directors. The
Corporation recognizes their long-term commitment and advice during the early
stage development of its Farrell Creek property. Messrs. Richard Couillard,
Donald Gardner and Joseph Iannicelli will continue to serve as directors with
Mr. Iannicelli being appointed Chairman of the Board. Mr. Phillip Geiger also
tendered his resignation as director but will remain in the position of
President & Chief Operating Officer.


CSRI is a natural resources company focusing on the identification and
development of opportunities in the unconventional natural gas sector of the
energy industry.


Information regarding CSRI is available on SEDAR at www.sedar.com or the
Corporation's website at www.csri.ca.


On behalf of the Board of Directors

CANADIAN SPIRIT RESOURCES INC.

Alfred Sorensen, Chief Executive Officer & Secretary

The corporate information contained in this news release may contain
forward-looking forecast information. The reader is cautioned that assumptions
used in the preparation of such information, although considered reasonably
accurate by CSRI at the time of preparation, may prove to be incorrect. The
actual results achieved during the forecast period will vary from the
information provided herein and the variations may be material. Consequently
there is no representation by CSRI that actual results achieved during the
forecast period will be the same in whole or in part as those forecast.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Canadian Spirit Resources Inc.
Alfred Sorensen
(403) 539-5005
(403) 262-4177 (FAX)
alfred.sorensen@csri.ca


Canadian Spirit Resources Inc.
Phil Geiger
(403) 539-5005
(403) 262-4177 (FAX)
phil.geiger@csri.ca
www.csri.ca

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