Spider Resources Inc.: Issue of June 30, 2009 Interim Quarter Financial Statements and Managements Discussion and Analysis

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN SECURITIES LAW, IS NOT FOR
DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES,
AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN


Spider Resources Inc. (the "Company") (TSX VENTURE:SPQ) announces that its
unaudited interim Financial Statements and Management's Discussion & Analysis
for the three and six-month periods ended June 30, 2009 have been filed on SEDAR
(www.sedar.com). They are also available on the Company's website at
www.spiderresources.com.


Highlights during and subsequent to the six months ended June 30, 2009

- The Company reported a net loss for the six months ended June 30, 2009 of
$793,147 ($0.00 per share);


- The Company had a cash position of $2,261,080 as of June 30, 2009;

- As per the Company's press releases dated July 30, 2009 and August 10, 2009,
the Company completed a flow-through offering to raise gross proceeds of
$2,200,000. The Company issued 73,333,333 flow-through units at a price of $0.03
per unit. Each unit consists of one common share (issued on a flow-through
basis) and one-half of one common share purchase warrant. Each full warrant
entitles the holder to acquire one common share (which share shall not be issued
on a flow-through basis) at a price of $0.05 for a period of one year from the
date of issue and thereafter at a price of $0.10 for a period of two years from
the date of issue.


- On March 27, 2009, the Company negotiated an amendment to its option agreement
with Freewest Resources Canada Inc. ("Freewest") as optionor, and KWG Resources
Inc. ("KWG") as optionee along with Spider. The option earn-in calls for a $15
million, three-year commitment from Spider and KWG. As a result of this
amendment, the Company no longer is required to prepare a bankable feasibility
study within 18 months, as had been called for in the original agreement. This
amendment is conditional upon successful completion of documentation evidencing
such amendment and the receipt of all required approvals. Under the amendment,
Spider would have a $7.5 million commitment over the next three years, of which
$2.5 million would be required to be spent before March 31, 2010. Spider, KWG
and Freewest are in the process of finalizing the formal option agreement and
related joint venture agreement where final terms will be set pertaining to
earned interest and operatorship.


About Spider Resources Inc.

Spider Resources Inc. is a tier 2 Canadian exploration company, quoted for
trading on the TSX Venture Exchange under the symbol SPQ. There are currently
389,545,100 common shares issued in Spider.


On behalf of the board of directors,

Neil Novak, President and CEO

Corporate Office: 50 Richmond Street East, Suite 101, Toronto, ON M5C 1N7

This press release, required by applicable Canadian securities law, is not for
distribution to U.S. news services or for dissemination in the United States,
and does not constitute an offer of the securities described herein. These
securities have not been registered under the United States Securities Act of
1933, as amended, or any state securities laws, and may not be offered or sold
in the United States or to U.S. persons unless registered or exempt therefrom.


This press release includes certain "Forward-Looking Statements" within the
meaning of the US Private Securities Reform Act of 1995. Other than statements
of historical fact, all statements are "Forward- Looking Statements" that
involve such various known and unknown risks, uncertainties and other factors.
There can be no assurance that such statements will prove accurate. Results and
future events could differ materially from those anticipated in such statements.
Readers of this press release are cautioned not to place undue reliance on these
"Forward-Looking Statements". All dollar amounts are Canadian dollars unless
otherwise noted.