Spider Resources Inc. retains Laurel Hill Advisory Group

TORONTO, ONTARIO - May 3, 2010 - Spider Resources Inc. (SPQ:TSX-V), reports that it has retained Laurel Hill Advisory Group to assist the Company with the Company's Annual General and Special Meeting to be held on Wednesday May 19, 2010. Laurel Hill has established the following toll free telephone line to take shareholders questions on the meeting: 1-877-304-0211.

About Spider Resources Inc.

Spider Resources Inc. is the "Spark that set off the Ring of Fire". Spider, the Pioneer Explorer in the James Bay Region of Northern Ontario since 1993 was responsible for the discovery of eight kimberlites (1994-95), ten VMS occurrences, including two VMS deposits (2002-2006), one chromite deposit (2006). Regional geophysical surveying and other exploration efforts as initially conducted by Spider formed the exploration data-set that lead to the first discovery of Chromite in the area in February '06, in a peridotite intrusion, and about a year later lead to the eventual discovery of additional chromite deposits and related Magmatic Massive Sulphide Nickel Deposit by others. 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 473,469,598 shares issued in Spider. Spider has approximately $5.0 million in working capital at present.

For further information concerning Spider Resources Inc., please contact:

NEIL D. NOVAK, P.Geo.

President and CEO

Direct: 416-203-8636

Email: info@spiderresources.com

Website: www.spiderresources.com