Spider Resources Inc. is engaged in the exploration for valuable minerals, exclusively in Canada. The Company is involved in three project areas in Ontario, known as Spider #1, Spider #3 and Wawa. Of these areas, Spider’s focus remains on the Spider #3 area, which includes the property optioned by Spider and KWG Resources Inc. (KWG) from Freewest Resources Canada Inc., the Diagnos property, the McFaulds Lake property, which as of December 31, 2008, was under option to UC Resources Inc. (UC), which can earn up to a 55% interest in this property, and the Kyle property, optioned to Renforth Resources Ltd. (Renforth), which can earn up to 55% interest in the property. The Spider #3 project area is geographically located immediately west of the Spider #1 project area. The project area includes several identified properties, the McFaulds Lake (East and West) VMS (volcanogenic massive sulphide) properties, the Freewest Option property and the Diagnos Initiative property.