Spey Resources Signs Option Agreement To Acquire Pocitos I and II Claims from AIS Resources

VANCOUVER - Spey Resources Corp. has entered into an Option Agreement for an Option to acquire the Pocitos I and Pocitos II claims located in Salta, Argentina. The project is located approximately 10km from the township of Pocitos where there is gas, electricity and telephone internet services. Pocitos I is 800 Ha and Pocitos II 532 Ha, both of which are accessible by road. AIS Resources has spent more than USD$1.5m exploring the project, including surface sampling, trenching, TEM geophysics and drilling two 400m holes had outstanding results. To date, Pocitos II has yet to be drilled and the locations have been identified for holes 3 and 4.

AIS Resources did not pursue the property due to the high magnesium content of the brines, however, the Ekosolve™ lithium extraction process will help alleviate the magnesium situation. Lithium values of up to 125ppm were recorded and the flow rate of the hole exceeded 75,000 Liters per minute and continued for more than 5 hours. Both drill holes had exceptional brine flow rates. Spey's plan is to sample the current drill holes and drill a further two holes to estimate a NI 43-101 resource calculation and progress discussions to build a production pilot plant.

CEO and Director, Nader Vatanchi, said, "Working with AIS and their team in Argentina has been very productive and we are fortunate that they have access to these projects to expand our lithium portfolio. Spey is still focused on moving our Incahuasi exploration program forward and aim to be drill this summer now that we have the results from our TEM geophysics. Our new properties announced today, Pocitos I and II, are advanced stage and we look forward to drilling and completing a NI 43-101 report so that we can begin planning for potential production."