Spur Ventures Inc. ("Spur" or the "Company") (TSX:SVU)(OTCBB:SPVEF) announced
today that the Company has not yet received funds from Zhong Chuan International
Mining Holding Company Limited ("Zhong Chuan") in connection with the private
placement originally announced by the Company in its press release of April 14,
2008. The extension granted by the Company to Zhong Chuan and approved by the
Toronto Stock Exchange, as announced in Spur's press release of August 28, 2008,
has expired.


Zhong Chuan has advised the Company that it has not yet received all relevant
government approvals for the funds transfer to Spur, but expects them
imminently. All Chinese government offices and banks are however closed for a
week long national holiday until October 6, 2008.


The Company is continuing discussions with Zhong Chuan pursuant to the financing
agreement, however is also considering other options for a strategic partner in
China.


Spur retains its strong cash position with cash and cash equivalents and
short-term investments of $22,228,585 (approximately Cdn$0.38 per share), of
which $20.95 million is held in Canada. Of the $1.28 million held in China,
$860,000 is held in Canadian dollars.


Spur Ventures Inc. aims to be the premier integrated fertilizer manufacturer in
China, with plans to produce up to one million tonnes per year of high -quality
compound phosphate fertilizer for domestic consumption in the central province
of Hubei, China. These expansion plans include the development of the largest
phosphate deposit in China, located near Yichang City.


This news release includes certain statements that may be deemed to be
"forward-looking statements" regarding the timing and content of upcoming
programs. Although Spur Ventures believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions, such statements
are not guarantees of future performance and actual results or developments may
differ materially from those in the forward-looking statements. Factors that
could cause actual results to differ materially from those in forward-looking
statements include phosphate and potash prices, exploitation and exploration
successes, continued availability of capital and financing, and general
economic, market or business conditions.