SPIDER PLAYBOOK 2nd. Edition – Feb. 27th, ’08 Spider Plays in McFaulds: 1) SPQ/KWG/FWR – JV earn-in percentages: a. SPQ – 32.5% b. KWG – 32.5% c. FWR – 35% **the latest on this joint venture: http://www.agoracom.com/ir/Spider/me... 2) SPQ/KWG/UC – JV earn-in percentages: a. SPQ - 22.5% (30%-link attn: below) b. KWG - 22.5% (15%-link attn: below) c. UC - 55% UC Resources has earned 10% in this jv. by meeting its' first year commitment up to Mar. 07, 2008...in the link below, UC has now committed to year two of this jv. http://www.agoracom.com/ir/ucresourc... **UC is continuing to fund the exploration of this VMS camp by initially concentrating their efforts on the McFaulds #3 and #1 occurrences, then they advise that they will be looking at completing additional exploration on the other occurrences as the program progresses, through year two, three and four of the agreement. *we await the official commencement/announcement of the winter/spring ’08 drilling program To view the jv. agreement in place for this jv regarding SPQ/KWG/UC...please click on link http://www.agoracom.com/ir/Spider/of... **ATTENTION: Please view the link below to understand why SPQ in going head to head with KWG,will hold 67% as compared to 33% KWG in this jv. as per separate SPQ/KWG jv. agreement... http://www.agoracom.com/ir/Spider/me... 3) SPQ/KWG/Renforth – JV earn-in percentages: a. SPQ - 30% b. KWG - 15% c. Renforth – 55% **drill program status: http://www.agoracom.com/ir/Spider/me... 4) SPQ/KWG – JV percentages: Wawa Project: SPQ – 66.6% KWG – 33.3% **The joint venture is planning a follow up drilling program on this property to be completed in the next 6-8 months.,,(from Oct. 1, 2007 news release), no annoucements as of yet.. MacFayden Project: KWG – 66.6% SPQ - 33.3% ...no news here, KWG manager Diagnos Project: SPQ and KWG both share this project 50-50 **The parties are considering a drilling program to test the 2 highest priority targets this winter…(from Oct. 1, 2007 news release) **’08 drilling program yet to be announcement ACCESS LINK BELOW TO VIEW McFAULD’S CLAIMS MAP: http://www.spiderresources.com/Mcfau... *the preceding information was gathered from news releases/maps issued by some of the companies involved and is deemed to reflect the agreed to percentages per: jv agreements, however, please do your own due diligence. |