--The last news release was 2 and 1/2 months ago on April 30th.

--Niel Novak no longer employed at Noront, he now can give 100% time with Spider.

-- PROPOSED PROGRAM

Future plans for the project were discussed and presented to the Joint Venture Management committee on April 16, 2009, by the previous Technical Committee during a meeting where the Joint Venture established a new Technical Advisory Committee ("TAC") to the Joint Venture, consisting of two representatives of each of Spider, KWG and Freewest. The TAC plans on meeting regularly to review and monitor the progress of the project operator (Spider for current year) and report to the Management Committee of the Joint Venture on a regular basis. A detail drilling proposal was discussed, where holes are proposed along the strike length of the Big Daddy Chromite Deposit towards the northeast at an initial section spacing of 200 metres, followed by infill as needed to 100 metres density or whatever drill space density is required to provide for NI-43-101 compliant resource estimation. This planning is underway and final approval will be forthcoming.

--The above proposed drill program has still no set dates, whats the hold up.

--April 30th 2009

Spider Resources Inc. ("Spider") (TSX VENTURE:SPQ), is pleased to announce that it has entered into an agreement with IBK Capital Corp. ("IBK"), whereby IBK will place up to 78,750,000 common shares (issued on a flow-through basis) of Spider on a best efforts basis for gross proceeds of up to $3,937,500 by way of a private placement.

--Is there another problem trying to fill this one too.

It just seems to be like nothing is happening with this joint venture!

I WONDER...................RL