HIGHLIGHTS

TORONTO, ONTARIO – KWG Resources Inc. (TSX-V: KWG) “KWG”, Spider Resources Inc. (TSX-V: SPQ) “Spider”, and Freewest Resources Canada Inc. (TSX-V: FWR) “Freewest”announce the receipt of additional assays from Holes FW-08-22 and 23, the last two holes drilled during 2008.

During 2008, the main exploration focus of the KWG-Spider Joint venture was the massive chromite occurrence that was first discovered on the Freewest Option property in March of 2006. As a result of the 2008 drilling program that included 19 drill holes, 14 of which continued the testing of this chromium occurrence, the occurrence is now referred to as the “Big Daddy Chromite Deposit”.  This deposit is located approximately 3.6 kilometers northeast of Noront Resources Ltd’s (“Noront”) Eagle One Magmatic Massive Sulphide (Nickel Copper and PGM), or five 5 kilometers northeast of Noront’s Blackbird (Chromite) discoveries, as well as 4 kilometers southwest of Freewest’s Black Thor Chromite discoveries.

ASSAY DATA RECENTLY RECEIVED FOR BIG DADDY

Analytical results have recently been finalized for two holes drilled in October 2008: FW-08-22, and FW-08-23.  Each of these holes intersected massive chromite as previously announced (December 15, 2008). The following table (Table 1) provides details of assays received from the two holes not previously reported.

Table 1: Recently received analysis

nsv refers to no significant values.

The above tabulation of drill intercepts and assay results are core lengths only, and do not represent true width for the mineralized zones. Additional drilling is required to determine true widths. Cr:Fe ratios as presented herein are based upon whole rock analyses, where Cr content is low, the ratio becomes less meaningful, as the Fe in the silicate portion tends to dilute the Cr in this calculation, but does not dilute the Cr contained within the mineral chromite, more metallurgical work is needed to fully understand this.

As previously announced, (December 15, 2008) diamond drilling by the KWG/Spider JV on the Freewest Option property has identified a northeast trending zone of continuous chromite mineralization that extends from local grid line 9+00 meters NE to 13+00 metres NE along a strike length of 400 metres. The mineralized zone dips towards the NW at about 70 degrees and consists of varying widths of a variable tenor, in many instances high tenor of chromium, forming a series of stacked beds. Additional infill drilling will be required to confirm continuity of the beds from section to section. The deposit remains open to depth as well as along strike in both directions. In addition, drilling to confirm the upward extension of the mineralization to surface has not been completed. All drill and assay results are being added to a 3-D Gemcom model to visualize the chromite body. A number of faults were noted from the drilling, some of which occur at the contact of the chromite with the surrounding peridotite/dunite; these fault sets are also being modeled as they also affect the interpretation and continuity of the mineralization from section to section.

All drilling on the Big Daddy Chrome Deposit took place with reference to a local drill grid, labeled Grid J. The drills were set to drill grid south normally at 150 degrees in most instances, and the initial dip of each hole was set at -50 degrees. Table 2 provides drill collar co-ordinates for these five holes, as well as other holes previously drilled (and reported upon) on the Big Daddy Chrome occurrence, all azimuth directions are true North readings. The UTM spheroid used for determining location was NAD 83 Zone 16, both UTM and local grid co-ordinates are given.

Table 2 Drill hole locations for Big Daddy Chrome Deposit

Hole FW-08-22 on local grid section L13+00E intersected two main areas of chromite mineralization, including a short (2.7 metres) section between 54.3 and 57.0 metres that returned 6.12% Cr2O3. Further down this hole, a much wider zone (106.4 metres) of chromite mineralization was encountered between 192.2 and 298.5 metres that averaged 19.41% Cr2O3, including a much higher grade interval between 263.7 and 298.5 metres (34.8 metres) that averaged 42.08% Cr2O3 that exhibits a favourable Cr:Fe ratio of 1.81. The chromite mineralization was followed by a 4.5 metre section between 298.5 and 303 metres downhole that averaged 1.33 total precious metals.

Hole FW-08-23 on local grid section L13+00E undercut hole FW-08-22 and intersected a well mineralized chromium section over 114.5 meters containing an average of 17.65% Cr2O3, including a much stronger mineralized section where a 43.5 meter zone of massive chromite averaged 34.96% Cr2O3 including a 19.0 meter section averaging containing 40.0% Cr2O3 with a Cr:Fe ratio of 1.85. Then between 378.0 and 382.0 a 4 metre drill interval averaged 40.84% Cr2O3 as well as total precious metals of 2.66 g/t. The latter intercept also has a very favourable Cr:Fe ratio of 1.67.

CURRENT PROGRAM

Crews mobilized to the field on January 8th to resume the linecutting program in preparation for the 2009 program, details of which were announced December 15th 2008.  The current approved phase of exploration includes: line cutting (re-establishing a 2004 drill grid – the J grid – including extensions thereto), ground geophysical surveying (including magnetic gradiometer and gravimetric surveying), re-logging of historical core to standardize lithological units, infill sampling of zones of weaker chromite mineralization, as well as the preparation of a NI-43-101 technical report on the project.  The preparation of this NI 43-101 report was awarded to Micon International Ltd. a world recognized consulting firm, with expertise in chromite deposits, the geologist assigned to this has recently visited the project site as required during Micon’s review of the project.

Future plans, yet to be approved by the Joint Venture committee, include the continued exploration of the project by extensive diamond drilling to delineate and to continue to expand the resource potential of the Big Daddy Chrome Deposit.

JOINT VENTURE MATTERS

KWG and Joint Venture partner Spider (the optionees), recently received confirmation notice from Freewest (the optionor), that: (i) pursuant to section 2.04 of the Agreement, each of KWG and Spider has incurred an aggregate of $1,500,000 of Expenditures on or before October 31, 2009, of which at least $200,000 was incurred on or before February 28, 2006; and (ii) accordingly, each of KWG and Spider has earned a 25% interest in the Property pursuant to section 2.07 (a) of the Agreement.

SAMPLE PROTOCOL, SECURITY, ANALYSES

All drill holes were logged and samples referred to herein were completed and selected under the supervision of Howard Lahti Ph.D., P.Geo, of Fredericton New Brunswick.  The samples were sawn in half, with half of the core retained for further work and/or storage at the main base camp at McFaulds Lake. The split samples were placed into individual plastic bags, clearly labeled and tagged and then sealed in rice bags where a numbered seal lock was applied. The sealed rice bags were shipped via bonded carrier to Activation Laboratory’s (ActLab) new facility in Thunder Bay, Ontario. The samples were then entered into ActLab’s system for preparation, processing and analyzing. After initial processing at the Thunder Bay facility of ActLab the samples were shipped via lab – lab bonded courier to ActLab’s main laboratory in Ancaster, Ontario. The samples all underwent multi-element analysis using four acid digestion followed by Inductively Coupled Plasma analysis (TD-ICP). Where over-limits in nickel and copper are encountered in the first pass, Optical Emission Spectrometry (ICP-OES) is used to provide the over-limit results, while Fire Assay Inductively Coupled Plasma (FA-ICP) is used for over limits in gold, platinum and palladium. Additional analyses using Instrumental Neutron Activation Analysis (INAA) were completed for all samples for their chromium contents in excess of 1% chromium. For more information on these analytical techniques please refer to Activation Laboratory website www.actlabs.com

This press release has been approved for dissemination by Neil Novak P.Geo, President of Spider and James G. Burns, P.Eng. Vice President Exploration for Spider, both being Qualified Persons as such term are defined under National Instrument 43-101, who have reviewed and verified the technical information contained in this press release and have approved the contents of this press release.

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This press release, required by applicable Canadian securities law, is not for distribution to U.S. news services or for dissemination in the United States, and does not constitute an offer of the securities described herein. These securities have not been registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to U.S. persons unless registered or exempt therefrom.

This press release includes certain “Forward-Looking Statements” within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are “Forward-Looking Statements” that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these “Forward-Looking Statements”. All dollar amounts are Canadian dollars unless otherwise noted.

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