Spey Resources Closes Oversubscribed Private Placement

Vancouver, British Columbia--(Newsfile Corp. - June 1, 2021) - Spey Resources Corp. (CSE: SPEY) (OTC: SPEYF) ("Spey" or the "Company") announces that further to its news release dated April 29, 2021, the Company has closed its oversubscribed $0.25 unit private placement (the "Private Placement") for gross proceeds of $2,611,750. The Company issued 10,447,000 units (the "Units"), each unit consisting of one common share in the capital of the Company (a "Share") and one transferable Share purchase warrant (a "Warrant").