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Spey Resources Corp. Announces Amendment to Kaslo Option Agreement

Mergers & Acquisitions Property Options & Staking Share Capital & Compensation

SPEY RESOURCES CORP. ANNOUNCES AMENDMENT TO KASLO OPTION AGREEMENT

Vancouver, British Columbia — November 16, 2022 — Spey Resources Corp. (CSE: SPEY) (OTC:

SPEYF) (FRA: 2JS) (" Spey" or the " Company"), announces that the Company has amended the

agreement pursuant to which the Company holds an option to acquire a 100% interest in the Kaslo Silver

Property whereby the Company shall issue an additional 342,302 common shares in the capital of the

Company (the “Shares”) to the optionors in lieu of a $70,000 cash payment that was due by August 31

2022. The Shares shall bear a hold period of four month and one day from issuance.

About Spey Resources Corp.

Spey Resources is a Canadian mineral exploration company which has an 80% interest in the Candela II

lithium brine project located in the Incahuasi Salar, Salta Province, Argentina. Spey also holds an option to

acquire a 100% undivided interest in Pocitos II and 20% interest in the Pocitos I lithium projects. Spey also

holds interests in four lithium exploration projects located in the James Bay Region of Quebec. Spey has a

100% interest in the 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,

VP of Corporate Finance, Director

[email protected]

778-881-4631

The Canadian Securities Exchange has not reviewed, approved, or disapproved the contents of this

press release.