Spey Resources Announces BCSC Regulatory Review
SPEY RESOURCES ANNOUNCES BCSC REGULATORY REVIEW
Vancouver, British Columbia —August 31, 2021 — Spey Resources Corp. (CSE: SPEY) (OTC:
SPEYF) (FRA: 2JS) ("Spey” or the "Company") announces that it is subject to a continuous
disclosure review by the British Columbia Securities Commission (the “BCSC”). The review
relates to the Company’s recent disclosure record and includes a review of certain disclosure
surrounding recent acquisitions completed by the Company.
In connection with the review, the BCSC has issued a cease trade order suspending trading in the
securities of the Company. As a result of the cease trade order, trading in the common shares of
the Company has been suspended on the Canadian Securities Exchange. The cease trade order was
issued in connection with disclosure relating to the economic analysis of the Company’s Incahuasi
Project (the “Economic Disclosure ”), outstanding continuous disclosure filings for the
Company’s acquisition of Tech One Lithium Resources Corp. and disclosure contained in the
Company’s management’s discussion and analysis for the three and six months ended May 31,
2021.
The Company will fully cooperate with the BCSC to assist in completion of the review and
revocation of the cease trade order in a timely fashion. The Company will provide further
information regarding the status of the review, and the suspension of trading, as it becomes
available.
The Company notes that the Economic Disclosure was previously contained in the Company’s
corporate presentation dated as of July, 2021 (the “Presentation”) and previously accessible on
its website. The Company has removed the Presentation from its website and wishes to clarify that
the Economic Disclosure, particularly the disclosure on slide 5 of the Presentation, should not be
relied upon as no current economic analysis has been prepared or is valid in relation to the
Company’s Incahuasi Project. The Company is not treating the Economic Disclosure contained in
the Presentation as a preliminary economic assessment and hereby retracts the Economic
Disclosure in the Presentation.
About Spey Resources Corp.
Spey Resources is a Canadian mineral exploration company which holds two option agreements
to acquire 100% interest in the Candela II, Pocitos I and II lithium brine projects located in the
Salta Province, Argentina. Spey also holds an option to acquire a 100% undivided interest in the
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Silver Basin Project located in the Revelstoke Mining Division of British Columbia as well as an
option to acquire a 100% interest in the Kaslo Silver project, west of Kaslo, British Columbia.
For more information, please contact:
Nader Vatanchi CEO, Director
778-881-4631
Cautionary Note Regarding Forward-Looking Statements: Certain disclosure in this release may constitute "forward-
looking information" within the meaning of Canadian securities legislation. In making the forward-looking statements
in this release, the Company has applied certain factors and assumptions that the Company believes are reasonable.
However, the forward-looking statements in this release, including without limitation, statements pertaining to the
Company’s cooperation with the BCSC and the Company providing further information regarding the BCSC’s review
and the suspension of trading, are subject to numerous risks, uncertainties and other factors that may cause future
results to differ materially from those expressed or implied in such forward-looking statements. Such uncertainties and
risks include, without limitation, legislative, environmental and other judicial, regulatory or political developments, and
operational difficulties. There can be no assurance that such statements will prove to be accurate, and actual results
and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place
undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or
obligation to, update or revise any forward-looking statements whether as a result of new information, future events
or otherwise, except as required by law.
The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release.