CANDELA II RESOURCE ESTIMATE NEAR COMPLETION

Vancouver, British Columbia, Aug. 14, 2023 (GLOBE NEWSWIRE) — Spey Resources Corp. (CSE: SPEY) (OTC: SPEYF) (FRA: 2JS) (“Spey” or the “Company“) announces that the option (“Option”) exercise in respect of the Pocitos 1 and Pocitos 2 properties in Argentina has not been completed. As a result, the Company has returned to Recharge Resources Ltd. (“Recharge”) the USD$850,000 that it had received from Recharge in contemplation of the Option exercise. The Company also returned to Recharge 2,500,000 common shares of Recharge which it had received in connection with the Option arrangement.

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