SVU

Spur Ventures Inc. ("Spur" or the "Company") (TSX VENTURE:SVU)(OTCBB:SPVEF) is
pleased to announce the appointment of John Morgan as president, CEO and a
director of the Company effective immediately.


Mr. Morgan will succeed Dr. Rob Rennie, who has retired as President and CEO
following the completion of the Company's sale of its phosphate business in
China. Dr. Rennie will remain with the Company as a Director and has agreed to
remain as an advisor to the Spur Board in order to ensure an orderly transition.



Mr. Morgan is a geologist with a 35 year career as a mining executive. He has
been involved in all phases of mine exploration, planning and development,
primarily in gold and coal in a variety of jurisdictions including Central and
South America and Canada. He has participated in a diverse range of corporate
activities, including technical reports and feasibility studies, corporate
mergers and acquisitions and major corporate financings. Mr. Morgan is also a
fluent Spanish speaker.


Mr. Morgan will be responsible for executing the Company's strategy to pursue
potential acquisitions in gold, base metals or other mineral assets or
businesses that are in more advanced stages of development where the balance of
technical and geopolitical risk is intended to result in increased value to
Spur's shareholders within a relatively short time frame. 


Steven Dean, Chairman of Spur, noted: "We are delighted to have someone of
John's calibre join the Company as President and CEO. John's extensive
experience in all phases of mine exploration, planning and development will be a
significant asset as the Company looks to take advantage of current financial
market volatility to make a strategic investment or investments on favourable
terms." 


Mr. Dean added: "We are also pleased to have Dr. Rennie remain with the Company
as a Director. His tireless efforts in China have been very much appreciated by
the board and by the Company's main shareholders and we wish him well in his
future endeavours outside of Spur." 


The Company announced the granting to Mr. Morgan a total of 1 million stock
options pursuant to the Company's stock option plan at $0.40 per share for 5
years subject to regulatory approval. 


This news release contains "forward-looking statements". Forward-looking
statements include, but are not limited to, statements with respect to the plans
for completion of the disposition of all or substantially all of the Company's
undertaking, future plans and objectives of the Company, estimation of mineral
resources, the timing and content of upcoming programs, the realization of
mineral resource estimates, the timing and amount of estimated future
production, costs of production, capital expenditures, success of mining
operations, environmental risks, unanticipated reclamation expenses, title
disputes or claims and limitations on insurance coverage. In certain cases,
forward-looking statements can be identified by the use of words such as
"plans", "expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or statements that certain
actions, events or results "may", "could", "would", "might" or "will be taken",
"occur" or "be achieved". Forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by the
forward-looking statements. Such factors include, among others, delays in
obtaining regulatory approvals on acceptable terms; delays in obtaining
shareholder approval; risks related to international operations; actual results
of planned expansion activities; changes in project parameters as plans continue
to be refined; future prices of resources; exchange rates for Canadian, U.S. and
Chinese currencies; possible variations in grade or recovery rates, accidents,
labour disputes and other risks of the mining industry; delays in obtaining
governmental approvals or financing or in the completion of development or
construction activities; Chinese government policies on fertilizer and
agriculture; general economic, market or business conditions as well as those
factors discussed under "Description of the Business - Risk Factors" in the
Annual Information Form.


Although the Company 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 as 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. Accordingly, readers should not place undue
reliance on forward-looking statements. The Company undertakes no obligation to
update or revise any forward-looking statements or information made in this
press release, except as required under applicable securities legislation.

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