SPI Canadian Spirit Resources Inc

Canadian Spirit Resources Inc. ("CSRI" or the "Corporation") (TSX
VENTURE:SPI)(OTCBB:CSPUF) announces the release of its interim financial results
and Management Discussion and Analysis ("MD&A") for the three and six month
periods ended June 30, 2013.


This news release summarizes information contained in the unaudited interim
condensed financial statements and MD&A for the three and six month periods
ended June 30, 2013 and should not be considered a substitute for reading these
full disclosure documents which are available on SEDAR at www.sedar.com or the
Corporation's website at www.csri.ca.


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


SUMMARY QUARTERLY DATA

(all amounts are presented in Canadian dollars)



For the six months ended and as at June                                    
30,                                                  2013              2012
---------------------------------------------------------------------------
                                                                           
Average sales volumes of natural gas                                       
 (Mcf/d)                                            1,344             1,882
Average sales price of natural gas (per                                    
 Mcf)                                      $         3.21    $         1.98
Natural gas sales, before royalties        $      780,212    $      678,235
Operating netbacks, after royalty                                          
 credits applied                           $      403,198    $      145,096
Cash flow from operating activities        $    (274,671)    $  (1,177,030)
Net loss and comprehensive loss            $    (988,722)    $  (2,247,750)
Loss per share, basic & diluted            $       (0.01)    $       (0.03)
Net working capital                        $    1,622,727    $    4,704,624
Total assets                               $   61,441,824    $   63,334,637
Shareholders' capital                      $   59,581,077    $   61,498,754
Common shares outstanding                      90,548,661        90,548,661
Total capital expenditures                 $    1,123,743    $      863,803



PRODUCTION

CSRI's sales volumes of natural gas during the three and six months ended June
30, 2013 averaged 1.3 MMcf/d (net) (2012: 1.9 MMcf/d (net)). The Corporation has
5 (1.75 net) Montney wells being produced through its 10 MMcf/d (3.5 net) gas
plant located on its western lands at Farrell Creek, British Columbia.


FARRELL CREEK OUTLOOK

Farrell Creek represents a significant natural gas resource in the Montney
Formation. With over 26,000 net acres of Montney rights, CSRI has identified
that over 1,100 gross well locations will be required to recover a portion of
approximately 5 Tcf (net to CSRI) of natural gas-in-place. CSRI continues to
focus on its eastern lands due to their prospectivity for natural gas liquids
and is evaluating options on increasing existing production from its western
lands.


CSRI is also evaluating the capability of using shallower formations as produced
water disposal zones. Being able to create a solution for produced water
disposal, combined with CSRI's 25% working interest in the 10,000 m3/d frac
water source pipeline from the Williston Reservoir, will provide the Corporation
with a fully integrated approach to water handling in the Farrell Creek area.
With both access to fresh water and an environmentally safe plan to dispose of
produced water, CSRI is capable of ramping up a Montney Formation drilling
program quickly should natural gas prices improve in the near future.


FINANCIAL RESOURCES

The Corporation had C$1.6 million of working capital as at June 30, 2013 and has
no debt.


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


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.


NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE


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


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

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