SPI Canadian Spirit Resources Inc

Canadian Spirit Resources Inc. ("CSRI" or the "Corporation") (TSX
VENTURE:SPI)(OTCBB:CSPUF) announces that on June 17, 2014 it accepted final
subscriptions on its non-brokered private placements previously announced on May
26, 2014. The gross proceeds raised from this final closing was $1.025 million,
and combined with the amounts announced on June 4, 2014 brings the total gross
proceeds raised from the two private placements to $6.1 million.


In this final closing the Corporation issued 2,050,000 units at a price of $0.50
per unit. Each unit consists of one common share of the Corporation and one half
of one common share purchase warrant. Each whole share purchase warrant entitles
the holder to purchase one common share of the Corporation at $0.50 up to June
17, 2015. Finders' fees of $61,500 were paid in connection with this final
closing. All securities issued or issuable as a result of this final closing are
subject to a hold period under Canadian securities laws until October 18, 2014.
As a result of the full closing of the two private placements, there are now
122,274,691 common shares of CSRI outstanding.


The total net proceeds from the two private placements will be used to further
the Corporations activities at Farrell Creek, British Columbia and for general
corporate purposes. Included in this activity is a 100% working interest
horizontal well, located at c-81-H/94-B-1. This well is expected to be spud on
or about June 21, 2014 and will serve to retain land as well as being
potentially fracture stimulated and tied-in for production at a later date.


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.
Telephone (403) 539-5005
Alfred Sorensen (alfred.sorensen@csri.ca)
Phil Geiger (phil.geiger@csri.ca)

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