Vancouver, British Columbia — September 6, 2022 — Spey Resources Corp. (CSE: SPEY) (OTC: SPEYF) (FRA: 2JS) ("Spey” or the "Company"), is pleased to announce that it intends to complete a non-brokered private placement consisting of units of the Company at a price of $0.175 per unit (the “Unit”) for aggregate gross proceeds of up to C$2,750,000

Spey Resources Corp. (CSE: SPEY) (OTC: SPEYF) (FRA: 2JS) ("Spey” or the "Company") is pleased to announce that it has paid the U.S. $1 million option payment, and completed U.S. $500,000 in exploration expenditures, in respect of the Candela II project in the Incahuasi Salar in Argentina. Accordingly, pursuant to the terms of the option agreement with A.I.S. Resources Limited (AIS), Spey has exercised the option to acquire 80% of the Candella II project. Spey has also, as a result of exercising the option, acquired the further right, but not the obligation, to acquire the remaining 20% interest by making a payment of U.S. $6-million on or before March 18, 2023, which payment amount is subject to adjustment pursuant to the terms of the option agreement.