Spider Resources Inc. TSX VENTURE: SPQ

TORONTO, ONTARIO--(Marketwire - June 11, 2008) - Spider Resources Inc. (TSX VENTURE:SPQ) is pleased to announce the appointment of Carmello Marrelli as Chief Financial Officer of Spider Resources Inc. ("Spider"). Mr. Marrelli replaces Mr. Richard Hamelin who was formerly the "acting" CFO and will continue on as Vice President Finance for Spider and director.

Mr. Marrelli holds a Bachelor of Commerce degree from the University of Toronto and is a qualified Chartered Accountant and Certified General Accountant. Mr. Marrelli is currently a partner with Marrelli & Drake Corporate Services, a corporate services firm (2004 to present) and was previously an accountant with Marrelli & Drake Corporate Services (2000 to 2004). Mr. Marrelli also serves as Chief Financial Officer of several other public junior mining public companies. The board of directors of Spider is pleased to welcome Mr. Marrelli to the management team at the company.

Spider also would like to announce that effective June 1, 2008, the exploration office has moved to Suite 470, 44 Victoria St., Toronto, Ontario, M5C 1Y2. The telephone and facsimile numbers remain unchanged, the corporate head office address remains the same.

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 310,311,767 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.