Canadian Spirit Resources Inc. Announces Shareholder Vote and Conversion of $3.0 Million Debenture

Canadian Spirit Resources Inc. (TSX VENTURE:SPI)(OTCBB:CSPUF) ("CSRI" or the
"Corporation") is pleased to announce the results of the shareholder vote
associated with the Annual General and Special Meeting of the Corporation held
on February 19, 2014. Over 75% of the Corporation's shareholders voted and in
excess of 95% voted in favour of each matter acted upon at the meeting,
including the approval of Elmag Investments Inc. ("Elmag") as a "Control Person"
pursuant to the policies of the TSX Venture Exchange.


Based on the above shareholder approval as well as final approval received from
the TSX Venture Exchange, the previously announced convertible debenture issued
to Elmag (see news release dated December 23, 2013) converted into 10,000,000
Units of the Corporation, comprised of 10,000,000 common shares and a warrant to
purchase 5,000,000 common shares exercisable at a price of $0.30 per share and
having an expiry date of December 20, 2014. As a result of the common share
issuance Elmag currently owns 28,584,000 or 25.9% of the 110,124,691 outstanding
common shares of CSRI. All securities issued as a result of the debenture
conversion are subject to a hold period under Canadian Securities Laws until
April 21, 2014.


Alfred Sorensen, Chief Executive Officer of CSRI, commented, "We thank our
shareholders for their continued support. Our goal as a Corporation will be to
build on this support and utilize it to realize increased shareholder value."


CSRI is a natural resources Corporation 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.


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
[phone]
[e-mail]


Canadian Spirit Resources Inc.
Phil Geiger
[phone]
[e-mail]
www.csri.ca