Spider Resources Inc.: Grant of Stock Options TORONTO, ONTARIO--(Marketwire - Oct. 3, 2008) - 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. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release
