Mr. Nader Vatanchi reports

SPEY RESOURCES CORP. ANNOUNCES SHARE CONSOLIDATION

Spey Resources Corp.'s board of directors has approved a consolidation of all of the company's issued and outstanding common shares on the basis of one postconsolidated share for 10 preconsolidated shares.

After giving effect to the consolidation, the company will have approximately 11,210,054 common shares issued and outstanding. The company's name and stock symbol shall remain the same.

The consolidation remains subject to the approval of Canadian Securities Exchange. The company will issue a further news release announcing the effective date in which the company will commence trading on a consolidated basis.

About Spey Resources Corp.

Spey Resources is a Canadian lithium-focused mineral exploration company which has an 80-per-cent 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-per-cent interest in the Kaslo silver project, west of Kaslo, B.C.

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