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Spider Resources Inc.: Grant of Stock Options

11:51 EDT Tuesday, April 21, 2009

TORONTO, ONTARIO--(Marketwire - April 21, 2009) - Spider Resources Inc. (TSX VENTURE:SPQ) "Spider", Toronto, Ontario announces that it has granted pursuant to Spider's incentive stock option plan a total of 7,100,000 incentive stock options to directors, officers and consultants of Spider exercisable over a five-year period expiring April 21, 2014, at a price of $0.10 per share. The options entitle each optionee to acquire one common share of Spider. The common shares of Spider closed on April 20, 2009 on the TSX Venture Exchange at a price of $0.035 per common share.

On behalf of the board of directors,

Neil Novak, President and CEO

FOR FURTHER INFORMATION PLEASE CONTACT:

Spider Resources Inc.
Neil Novak
President and CEO
(416) 815 8666

Website: www.spiderresources.com