Spider Resources Inc.: Issue of September 30, 2009, Interim Quarterly Financial Statements and Management's Discussion and Analy

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" or "Spider")(TSX VENTURE:SPQ) announces
that its unaudited interim financial statements and management's discussion and
analysis for the three and nine-month periods ended September 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 nine months ended September 30, 2009



--  The Company reported a net loss for the nine months ended September 30,
    2009, of $1,091,010 ($0.00 per share); 
    
--  The Company had a cash position of $3,238,880 as of September 30, 2009; 
    
--  The Company completed a flow-through share offering to raise gross
    proceeds of $2,200,000. Press releases announcing the financing were
    issued July 30 and August 10, 2009. 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 will 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. 
    
--  Spider, KWG Resources Inc. ("KWG") and Freewest Resources Canada Inc.
    ("Freewest") signed an amended and restated option agreement for the Big
    Daddy chrome property. The company announced the agreement in a press
    release dated September 14, 2009. Freewest granted an option to KWG and
    Spider to earn an aggregate 10% additional interest by incurring $15
    million in expenditures by March 31, 2012. Currently, KWG and Spider
    each hold a 25% interest in the Big Daddy chrome project. 
    
--  Spider and KWG have begun an aggressive $5 million exploration program
    on the Big Daddy chrome project. 
    



About Spider Resources Inc.

Spider Resources Inc. is a Tier 2 Canadian exploration company, listed for
trading on the TSX Venture Exchange under the symbol SPQ. Spider currently has
389,545,100 common shares issued and outstanding.


On behalf of the board of directors, and Neil Novak, President and CEO

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

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 U.S. Private Securities Reform Act of 1995. Other than statements
of historical fact, all statements are forward- looking statements that involve
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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