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ARMY.CN ·

Spey Resources Corp. Appoints Nader Vatanchi as CEO

Management Changes

SPEY RESOURCES CORP. APPOINTS NADER VATANCHI AS CEO

Vancouver, British Columbia — October 3, 2023 — Spey Resources Corp. (CSE: SPEY) (OTC:

SPEYF) (FRA: 2JS) (" Spey” or the " Company") is pleased to announce the appointment of Nader

Vatanchi as Chief Executive Officer of the Company.

Mr. Vatanchi has served on the Company’s Board of Directors since May 2021 and was formerly Chief

Executive Officer of the Company from March 2021 to October 2022.

The Company wishes to thank Philip Thomas for his tenure as Chief Executive Officer during the past

year and wishes him all the best in future endeavours.

Approved for release by the Board of Directors,

“Nader Vatanchi”

Nader Vatanchi

Chief Executive Officer

About Spey Resources Corp.

Spey Resources is a Canadian lithium focused 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% interest in the Kaslo Silver project, west of Kaslo, British

Columbia.

For more information, please contact:

Nader Vatanchi,

CEO, Director

[email protected]

+1778-881-4631

Cautionary Note Regarding Forward-Looking Statements

This news release includes forward -looking statements that are subject to risks and uncertainties,

including with respect to Kaslo claims. The Company provides forward -looking statements for the

purpose of conveying information about current expectations and plans relating to the future and

readers are cautioned that such statements may not be appropriate for other purposes. By its nature,

this information is subject to inherent risks and uncertainties that may be general or specific and which

give rise to the possibility that expectations, forecasts, predictions, projections, or conclusions will not

prove to be accurate, that assumptions may not be correct, and that objectives, strategic goals and

priorities will not be achieved. These risks and uncertainties include but are not limited those identified

and reported in the Company’s public filings under the Company’s SEDAR profile at www.sedar.com.

Although the Company has attempted to identify important factors that could cause actual actions,

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events, or results to differ materially from those described in forward-looking information, there may be

other factors that cause actions, events or results not to be as anticipated, estimated or intended. There

can be no assurance that such information will prove to be accurate as actual results and future events

could differ materially from those anticipated in such statements. The Company disclaims any intention

or obligation to update or revise any forward-looking information, whether as a result of new information,

future events or otherwise unless required by law.

The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents

of this press release. We seek safe harbour.