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Golden Spirit Enterprises Ltd. (GSPT) Changes Name

|Includes: Golden Star Enterprises Ltd. (GSPT)

Yesterday, Golden Spirit Enterprises Ltd. reported that they are changing their name to Terralene Fuels Corp. to reflect better the business direction of the Company. The name change shall be effective at the opening of business September 21, 2011. This is unless The Financial Industry Regulatory Authority (FINRA), the governing body conducting a review of this amendment, elects to specify an alternate effective date.

Golden Spirit owns Terralene Fuels, a patented fuel formulation that can replace gasoline as a stand-alone fuel or fuel additive. Terralene’s fuel composition is 55 percent petroleum based and 45 percent from renewable energy sources. According to a recent article in Reuters, although the outlook for renewable energy is not gaining momentum as it was, it is not entirely dismal either because countries such as Germany, Japan, and the United States have passed laws to require a certain percentage of their energy to come from renewable resources in the future. Terralene Fuels is an alternative fuel well suited during this transitional period from being strictly fossil fuel based to alternative fuel dependency only.

The U.S. Navy, in partnership with the Departments of Energy and Agriculture, is working with private sectors to create a sustainable U.S. based alternative energy industry as part of a plan that President Obama has in place to reduce American independence of foreign oil. The U.S. spends over $300 billion annually on imported crude oil. More than $6 billion in investments have gone to the alternative fuels industry since 2004, with flexibility in end product technologies being the leaders, which is a categorization Terralene Fuels falls under.

Golden Spirit Enterprises, soon to be Terralene Fuels, has their corporate headquarters in Patchogue, New York. Terralene® is a patented, proprietary, alternative fuel formulation that reduces greenhouse gases and other environmentally damaging emissions, which are prevalent in existing gasoline combustion engines. The formulation is somewhat based on fossil fuels and other non food chain agricultural components. The design of it is as a Green and Clean Alternative Renewable Fuel. Terralene® can be readily blended by refineries.

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