SPEY Resources Corp. Completes Debt Settlement and Grants Incentive Stock Options and Restricted Shares

Vancouver, British Columbia — October 5, 2022 — Spey Resources Corp. (CSE: SPEY) (OTC: SPEYF) (FRA: 2JS) ("Spey” or the "Company") is pleased to announce that it has settled outstanding indebtedness (the “Debt Settlement”) of the Company in the aggregate amount of $377,772.09 (the “Debt”), pursuant to the terms of debt settlement agreements with three arm’s length creditors and Abbey Abdiye, the Company’s Chief Financial Officer (collectively, the “Creditors”).