Spider Resources Inc.: Grant of Stock Options

NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

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
10,900,000 incentive stock options to directors, officers and consultants of
Spider exercisable over a five-year period expiring October 2, 2013, 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 October 2, 2008 on the
TSX Venture Exchange at a price of $0.045 per common share.


On behalf of the board of directors,

Neil Novak, President and CEO

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.