Spider Resources Inc.: Ground Geophysics Supports 1.1 Kilometre Strike Length for Big Daddy Chromite Deposit, James Bay Lowlands

Spider Resources Inc. (TSX VENTURE:SPQ) "Spider", KWG Resources Inc. (TSX
VENTURE:KWG) "KWG", and Freewest Resources Canada Inc. (TSX VENTURE:FWR)
"Freewest" announce the completion of ground geophysical surveying on their
jointly owned Big Daddy Chrome Deposit. Spider and KWG recently completed their
initial earn-in on the 1,248 hectare (78 claim units) property from Freewest. At
present Spider and KWG share 50% interest (25% each) while Freewest holds a 50%
interest in the property.


During early 2009, the main exploration activity of the Spider-KWG Joint venture
on the "Big Daddy Chromite Deposit" was the completion of gravimetric and
magnetic ground geophysical surveys, designed to outline and delineate the
geophysically inferred extent of the chromium enriched deposit. The results of
the geophysical surveys infer that the 2006 - 2008 drill program, consisting of
14 drill holes, had only tested the extreme southwest portion of the deposit
over a strike length of 400 metres (Drill section 9+00NE to Drill section
13+00NE). The gravimetric survey results when coupled with the magnetic survey
results infer that the favorable area of mineralization may extend to Drill
section 20+00NE and beyond (faulting and/or leveling errors may cause some
displacement at line 20+00NE and points further northeast). The following links
provide access to three geophysical maps with diamond drill-hole traces
superimposed upon them, showing the chromite intersections projected vertically
to surface.
http://www.spiderresources.com/pdfs/Gravity_Residual_Bouguer_Anomaly_RA.pdf and
http://www.spiderresources.com/pdfs/Total_Field_Mag_Contours.pdf


As previously announced, (December 15, 2008, January 15, 2009) diamond drilling
by the Spider/KWG JV on the Freewest Option property has identified a northeast
trending zone of continuous chromite mineralization that extends from local grid
line 9+00 meters NE to 13+00 metres NE along a strike length of 400 metres. The
most northeasterly section drilled in 2008, and reported January 15, 2009
included two holes on section 12+00NE, where hole FW-08-22 encountered 42.08%
Cr2O3 over 34.8 metres, and hole FW-08-23 that undercut hole 22 encountered
34.96% Cr2O3 over 42.0 metres. Plotting of the mineralized zone suggests varying
dips between 70 degrees to the NW to vertical dipping. Chromium mineralization
consists of varying widths of a variable tenor, in many instances high tenor of
chrome, forming a series of stacked beds. Additional drilling will be required
to confirm continuity of the beds from section to section and to the Northeast.
The deposit remains open to depth and is now geophysically inferred to extend to
the northeast for a further 700 metres.


The Big Daddy Chromite deposit is located approximately 3.6 kilometres northeast
of Noront Resources Ltd's ("Noront") Eagle One Magmatic Massive Sulphide (Nickel
Copper and PGM), or five 5 kilometres northeast of Noront's Blackbird (Chromite)
discoveries, as well as 4 kilometres southwest of Freewest's Black Thor Chromite
discoveries.


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.


NATIONAL INSTRUMENT 43-101 REPORT

The joint venture partners are pleased to announce the completion and filing
thereof of a National Instrument 43-101 Technical report on the Big Daddy Chrome
Project as prepared by Micon International Ltd. The report is now filed on Sedar
and can be downloaded or reviewed by following the link: www.sedar.com or
http://www.spiderresources.com/pdfs/NI_43_101_Micon_report.pdf


ABOUT SPIDER

This press release has been prepared by management of Spider Resources Inc.,
which is the operator of the joint venture with KWG, and has been approved for
dissemination by Neil Novak P.Geo, President of Spider and James G. Burns,
P.Eng. Vice President Exploration for Spider, both being Qualified Persons as
such term are defined under National Instrument 43-101, who have reviewed and
verified the technical information contained in this press release and have
approved the contents of this press release. 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 316,211,767 shares issued in Spider.


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.


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.
Spider Resources Com (TSXV:SPQ)
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