Nirek Signs A Letter Of Intent To Acquire 45% Of A Gold Producing Property In Peru 
ONTARIO, CANADA – July 21, 2008 - Nirek Resources Inc.(“Nirek”) (Frankfurt: 3N6-FRA; Gold Warrant: CA6546411175) is pleased to announce it has signed a Letter of Intent to become a joint venture partner with a 45% working interest in the AMR Project Peru S.A.C.
The AMR Project Peru is 500 leased hectares in the district of Ayapata, in the province of Carabaya in the department of Puno, Peru. The gold bearing gravels have been estimated in a geological report in September 2007 by Dr. Estanislao de la Cruz C., an engineer, at an average gold grade of 2.1 grams per cubic metre. In addition, he calculated the reserves at 2,343,000 cubic metres which only considered the targeted surface area to a depth of just 3 metres.
The agreement between Nirek and AMR Project Peru S.A.C. calls for Nirek to pay $3,000,000 in scheduled payments over the year
as well as 2,000,000 shares in Nirek. AMR Project is obligated to make an initial deposit of gold bullion in escrow as well as regular deposits of gold to Nirek’s depository in Lima, Peru. Nirek may at its option, subject to its then current share price, elect to pay the $1,000,000 balance in shares.
Nirek Resources Inc. has been advised by AMR Project Peru S.A.C that they have a more recent assay which shows alluvial gold deposits that have significantly higher gold content values than indicated in the Engineer’s report. It should be noted that the lab’s previous results indicated an array of precious metals including platinum, titanium, chromium and tungsten.
Nirek is arranging for several people to travel to the property in the next 10 days to do due diligence before the execution of a formal agreement.
A Qualified Person has not reviewed this press release.
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About Nirek Resources Inc.
Nirek Resources Inc. (“Nirek”) is a Canadian exploration company specializing on exploring for precious and base metals. The company is focused on acquiring gold and precious metal properties with proven reserves through a series of joint ventures, mine and property acquisitions.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings.
Contact:
Nirek Resources Inc.
Investor Relations
Website: www.nirekresources.com
E-mail: info@nirekresources.com
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