Consolidated Spire Ventures Ltd. (“Spire”) wishes to announce that it will not be proceeding with the acquisition of the private BC company as disclosed in a news release dated October 14, 2009.Instead, Spire will be acquiring only the mineral claims aggregating 164,072 contiguous acres in an area prospective for lithium, located about 30kms south-southeast of Fox Creek, Alberta.

The purchase price payable by Spire for these mineral claims is 6,000,000 common shares and $60,000 (payable as to $30,000 on closing and an additional $30,000 within 45 days thereafter).

The terms of the acquisition are subject to approval by the TSX Venture Exchange.

A finder’s fee will be payable in accordance with the policies of the TSX Venture Exchange.

FOR INFORMATION OR INVESTOR RELATIONS CONTACT THE COMPANY

AT (604) 662-7455 OR VISIT THE WEBSITE AT www.spireventures.com

ON BEHALF OF THE BOARD

Brian Buchanan

President and Director

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.