http://www.spiderresources.com - Spider Resources Annual General Shareholder Meeting Presentation in Toronto on May 19 2010

1. A pioneer in exploration and discovery in James Bay Lowlands area of Northern Ontario “ The Spark that set the Ring of Fire ”

2. This presentation contains certain “forward-looking statements” and “forward-looking information” under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as “plan”, “except”, “project”, “intend”, “believe”, “anticipate”, “estimate”, and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Assumptions upon which such forward-looking statements are based included that transactions will be completed, that all required third party regulatory, governmental and shareholder approvals for transactions will be obtained and all other conditions to completion of the transactions will be satisfied or waived. Many of these assumptions are based on factors and events that are not within the control of Spider Resources Inc. and there is no assurance they will prove to be correct. Factors that could cause actual results to vary materially from results anticipated by such forward-looking statements include changes in market conditions and other risk factors discussed or referred to in the annual Management’s Discussion and Analysis filed with the applicable securities regulatory authorities and available at www.sedar.com. Although Spider has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Spider undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. All dollar amounts are in Canadian dollars unless otherwise noted.

10. Massive Chromite Domain 15% Cutoff, with internal waste

12. The McFaulds Project is located in the James Bay Lowlands, the area of one of Canada’s newest exploration camps, and an exciting area of new, multi -metal discoveries by several exploration companies. The project encompasses 141 staked claims (~32,000 hectares) and has had over 90 holes drilled between 2003 and the end of 2009. Highlights include discovery of 10 individual VMS occurrences, of which 2 have undergone detail drilling with resource estimates (NI 43-101 technical report filed on SEDAR). The best drill intersection encountered 18.8m averaging 8.02% copper (Hole McF-04-57) in McFaulds #3 occurrence. UC Resources Inc has an Option to earn up to 55% ownership in the project by spending $4.5 million on the project over 4 years (UC has earned 40% thus far by incurring in excess of $3.25 million prior to March 2010).

13. Spider Resources – McFaulds 3 Deposit Location Indicated Resources Tonnes % Cu % Zn Copper + Zinc Domain 802,000 3.75 1.1 Total, Indicated 802,000 3.75 1.1 Spider Resources – McFaulds 1 Deposit Location Inferred Resources Tonnes % Cu % Zn Copper Domain 279,000 2.13 0.58 Zinc Domain 560,700 0.48 3.27 Total, Inferred 839,700 1.03 2.38

15. Big Daddy Chrome Project KWG as Operator to provide work program for next phase of option earn-in with respect to Freewest (Cliffs). Minimum program expected to be in order of $4 - 5 million, of which Spider must expend $2 – 2.5 million prior to end of March 2011 , in order to earn additional 1.5%, bringing Spider’s interest level to 28%, however KWG could recommend a much larger pre-feasibility program. Over-expenditure gets applied to next earn-in. ~$9 million program left to be expended by March 31, 2012 for Spider and KWG to fully vest with 30% each in Big Daddy. Spider contributes 50% of all costs in agreement with KWG to earn up to 60% aggregate interest from Freewest (Cliffs). Spider has ~$4 million in bank as of end of Q1 2010.

16. McFaulds Project UC to continue exploration to achieve their 55% earn-in, Spider to review UC results as they happen, work with UC once their earn-in is achieved, if done before year end ($??) Kyle Project Spider to renegotiate agreement with Renforth to move project along quicker ($??). Wawa Project review results of 2009 plan next drill phase ($150K) . Diagnos Initiative Project KWG and Spider contemplating drilling one hole to test target immediately east of ROF, estimate at $150,000 ($75K each) New Projects Spider is always on the lookout for new exciting projects, has identified a few new projects, negotiating terms for acquisition at present ($500K) .

17. Spider Resources Inc, founded in 1992 as a diamond exploration resource company. It is now 2010. Spider has matured over the past 18 years to become a very successful exploration company, with a very proud history of exploration success, not only in diamonds but in base and precious metals, also in chromite. Our success speaks for itself. We are the envy of many other explorers in the junior resource sector. What was once an exciting exploration project, has just become an exciting pre-development project. Big Daddy is a world class chromite deposit. “ Spider is the spark that set off the Ring of Fire, this spark continues to burn bright. Spider is changing, the spark is now a flame, watch us change, but don’t watch from a distance!”

18. Market Information Current Price: $0.10 (May 07, 2010) 52 Week Hi/Low: $0.15/$0.025 (May 07, 2010) Outstanding Shares: 473,469,598 Fully Diluted: 659,913,773 Auditor: McCarney Greenwood LLP Legal Counsel: McMillan LLP Bank: Royal Bank of Canada Investor Relations: Investor Cubed Inc. Web Site: www.spiderresources.com