There have been three recent NRs: two SPQ and one NOT. Is a SPQ strategy emerging?

Here are some facts from the NRs: excellent stuff in the ground (SPQ NR today); new CFO (SPQ NR today); Neil Novak becomes VP of Aboriginal Affairs at Noront (recent NOT NR).

The last NR tells me that Neil has a very important function for both NOT and SPQ - don't underestimate Aboriginal affairs. Fortunately Neil has a very, very positive history with our First Nation.

This move within Noront (including Dr. Mungall's hiring for chief geologist) means (to me) that Mr. Novak can now focus more on Spider Resources. This is very important for our company.

The second NR dealing with Mr. Marrelli's appointment as Spider Resources' new CFO is very encouraging. We now have a true professional dealing with dollars and cents. Very important in my humble estimation.

Kathy Scott at Spider Resouces has been extremely helpful helping myself and all SPQ shareholders with voting procedures for the AGM. You might want to send her a "thank you" via email at www. spiderresources.com . In my work in the business world, I always found "the boss" of the Company is the executive secretary.

Now don't be surprised with a greater volatility and continued shorting on the share price of SPQ. It's part of the game. However, as today's other NR pointed out very clearly, our Company, its joint venture partners, and their shareholders have excellent mineralization in the ground. Novak has done his work as a geologist.

Finally, the future for SPQ and its LONG shareholders looks fantastic. Stay focused. Stay patient. GLTA

Snug