SPEY RESOURCES CORP. ANNOUNCES OPTION AGREEMENT FOR POCITOS 1 PROJECT TO RECHARGE RESOURCES CORP.

Vancouver, British Columbia, March 23, 2022 (GLOBE NEWSWIRE) -- Spey Resources Corp. (CNSX:SPEY.CN) (OTC:SPEYF) (FRA:2JS) ("Spey” or the "Company"), is pleased to announce that it has signed an option agreement (the “Agreement”) with Recharge Resources Corp. (CSE: RR) (“Recharge Resources”) whereby Recharge Resources may acquire up to a 100% undivided interest in the Pocitos 1 Project, an 800 hectare lithium brine project located just outside of Salta, Argentina (the “Option”). Under the terms of the Agreement, Recharge Resources may exercise the Option and earn an 80% undivided interest in the Pocitos 1 Project by paying Spey US$850,000 in cash payments and by issuing US$900,000 in common shares over a 12-month period from the date of exchange approval of the Agreement, on the following basis: