Down, FYI
-- Spider Resources Inc.: Massive Sulphide Grading 8.02% Copper over 18.8 meters at --
McFaulds Lake, Northern Ontario
News Editors
TORONTO--(BUSINESS WIRE)--Nov. 8, 2004--Spider Resources Inc. (TSX
VENTURE:SPQ) ("Spider") and joint venture partner KWG Resources Inc.
("KWG") announce that they have received the results from drill-hole
McF-04-57. The previously reported (Nov 2, 2004) 18.8-meter
intersection has returned a surprising overall grade of 8.02% Copper,
with anomalous amounts of silver and gold. Within this intersection, a
shorter 10.5-meter section grades 9.35% Copper. The McFaulds #3
deposit has only been tested for 400 meters of strike at surface and
it remains open to the east and down dip. The following table provides
specific details on this intersection.