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Message: SPIDER PLAYBOOK Update...Sept. 8th - '08

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SPIDER PLAYBOOK Update...Sept. 8th - '08

posted on Sep 08, 08 09:47AM

SPIDER PLAYBOOK

5th Edition – Sept. 8th - ’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/freewest/...

...above link contains new Aeroquest aerial survey maps

http://agoracom.com/ir/Spider/messag...

...above link contains the latest news release - Aug. 20-08

2) SPQ/KWG/UC – JV earn-in percentages:

a. SPQ - 22.5% (30%-go to the link attn: below)

b. KWG - 22.5% (15%-go to the link attn: below)

c. UC - 55%

...the latest on this jv was the release of a 43-101 report in August of '08, view in the sedar link provided here (click on corporate and select sedar) ... http://www.spiderresources.com/

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.

*UC Res. has announced that it will be drilling fall of '08 on this Spq/Kwg jv property

To view the jv. agreement in place for this jv regarding SPQ/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%

...no annoucements..

MacFadyen 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 announced

ACCESS LINK BELOW TO VIEW McFAULD’S CLAIMS MAP:

http://www.spiderresources.com/Mcfau...

*the preceeding 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.