TORONTO, CANADA -- (MARKET WIRE) -- 06/29/2006 -- Spider Resources Inc. (TSX VENTURE: SPQ) announces that its Annual and Special Meeting of Shareholders which was held on June 28, 2006 at the offices of McMillan Binch Mendelsohn LLP, BCE Place, Suite 4400, Bay Wellington Tower, 181 Bay St., Toronto, Ontario has been adjourned and is now rescheduled for July 10, 2006 at 11:00 am Toronto time to be held at the same venue.

Spider Resources Inc. is a tier 2 junior resource company, quoted for trading on the TSX Venture Exchange under the symbol "SPQ" and there are currently 227,293,535 shares of Spider issued and outstanding.

On Behalf of the Board of Directors.
Neil Novak, President and CEO

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.