I chatted with Helen at Equity Transfer & Trust (416-361-0930 x249) this morning. Here's some information, which hopefully will be useful in both the short and long term.

With regards to Resolution #12 (or any other resolution), and voting. If you want to nominate a proxyholder, here's how it's done.

On the proxy form you go down to the paragraph that reads - "The undersigned shareholder of the company hereby appoints ...".

1) You strike out (cross out) "Neil Novak --->foregoing".

2) Enter the nominee's name in the underlined section ______________________ (print name) ...

3) Make certain you sign your name - SIGN HERE: ____________

4) And Print (your) Name: __________ and put in the Date: ____________

5) You can leave the Resolutions blank or put in your choices.

This is how it's done. You would FAX or mail the proxy form to the nominee.

The nominee would take proxy form to the annual general meeting; and if you have left the resolutions choices blank, the nominee would fill in the choices (votes) during the meeting.

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I'm interested in those SPQ shareholders who do not live in Canada, and whether you have received any mail from your stock broker or Equity Transfer with regards to the AGM and the proxy form.

I know Jeannie in Austria has not received a mail package, and therefore no proxy form. Her stock broker has informed her to contact Spider Resources directly.

After my discussion with Equity Transfer, I question this suggestion. I don't know where her broker purchased the shares - perhaps Frankfurt - but the "custodian" in (example) Frankfurt would have contacts in Toronto at the TSX. I would think her broker should be able to get a proxy for her.

As it stands, Jeannie has no vote on any resolution.

What about SPQ shareholders in other countries including the USA? Can you shed any light on this issue?

Regards,

Snug

Glenn