Spey Resources Corp.: Assay Results Show Silver at Standfast-Wigwam Zinc Project

Vancouver, February 21, 2019 - Spey Resources Corp. (CSE: SPEY) ("Spey" or "the Company") is pleased to announce that assay results have been received from 29 rock samples obtained from the Company's Standfast-Wigwam Project located in the Kootenay Arc in south-eastern British Columbia. Results include 28.60 grams per tonne (gpt) silver, 17.95 % lead and 11.95% zinc from a 60 centimeter chip sample within the northern area of the Main Zone. Numerous samples returned elevated silver (Ag), lead (Pb) and zinc (Zn) with 11 samples returning greater than 8% combined lead and zinc.

Of the 29 rock samples, 25 were chip and grab samples of fine grained quartzite and limestone (silicified), containing visible sulphide mineralization, taken over a 425 metre long northern section. Four chip and grab samples were obtained from a 250 metre long southern section where massive sulphide mineralization, brecciation and silicification were noted. All samples were taken from the Main Zone that has been traced for over three kilometres.

These initial rock sample results indicate a northwesterly trending area of interest worthy of continued exploration, with potential for near surface zinc-lead-silver mineralization. Silver values appear to show a previously unrecognized increase in grade related to silicification (silic) as noted by the samplers.

Sample results are tabulated and summarized in the table below:

Sample#	Location 	UTM E	UTM N	Chip/Grab* 	Sample Description 	Ag g/t 	Pb %	Zn %
32251	N Main	431596.6	5636652	65cmm chip 	silic band mass sulph, sph	20.1	5.21	2.34
32252	N Main	431643.3	5636639	1.0m chip 	band silic lmst, sph-gal-py 	4.72	3.02	6.1
32253	N Main	431643.3	5636639	80cm chip	adjoining bottom of 32252 	1.51	1.61	7.33
32254	N Main	431643.3	5636641	1.0m chip	adjoining bottom of 32253 	2.21	2.96	5.51
32255	N Main	431643.3	5636645	1.0m chip 	start 1.0m above 32252	9.31	3.68	1.83
32256	N Main	431675.1	5636653	1.0m chip	bx-silic lmst, po-py-sph	3.01	0.48	2.9
32257	N Main	431694.2	5636642	1.0m chip	band sulph, gal-sph-py 	2.07	2.93	3.48
32258	N Main	431882.5	5636555	2.50m chip	band sulph, po-py-gal-sph	8.64	3.74	0.59
32259	N Main	431870.3	5636632	30cm grab	silic limst, band py-sph-gal	13.8	5.67	3.78
32260	N Main	431858.7	5636612	float grab	silic lmst, 20cm gal bands	5.22	8.94	0.11
32261	S Main	432444.9	5636410	25cm grab	mass py-po-sph, carb-bx	0.92	0.51	6.15
32262	S Main	432443	5636425	25cm grab	band bx silic lmst, gal-sph 	10.4	1.13	3.14
32263	N Main	432622	5636364	grab	mudstn frags in quartzite	0.57	0.1	0.07
32401	N Main	431540.6	5636653	1.5m grab 	f.g. dk-gry mass sulph	2.36	0.91	4.09
32402	N Main	431540.6	5636655	grab-float	wht silic lmst, py-gal-sph	3.2	0.86	3.39
32403	N Main	431535.6	5636694	40cm chip	silic bx limst, f,g. gal-sph 	5.03	0.67	6.56
32404	N Main	431525.1	5636672	1.0m chip	dk gry band mass sulph 	1.32	0.52	2.26
32405	N Main	431514.2	5636688	60cm chip	bx silic lmst, gal-sph-py	28.6	17.95	11.95
32406	N Main	431607.7	5636643	60cm chip	silic lmst, f.g. gal-sph-py	9.32	11.4	1.34
32407	N Main	431618.5	5636621	50cm chip	Silic cryst limst f.g. gal-sph	10.55	7.59	0.45
32408	N Main	431649.2	5636638	80cm chip	quartzite, f.g. band sulph	33.3	5.42	1.54
32409	N Main	431666.4	5636632	1.0m chip	dk gry lmst, v.f.g. sphal-gal	3.79	3.88	8.19
32410	N Main	431718.5	5636626	50cm chip	f.g. band mass sulph po-sph	3	2.25	3.18
32411	N Main	431754.3	5636582	60cm chip	chert, f.g. band mass sulph	2.64	0.77	2.88
32412	N Main	431831.6	5636562	1.0m chip	crystl limst, py-gal-sphal	4.82	0.75	2.7
32413	N Main	431854.3	5636626	1.0m chip	gry-wht band limst, gal 	0.59	0.3	0.7
32414	N Main	431802.3	5636618	50cm chip	gry-wht band lmst, <5% sul	1.36	1.69	0.75
32415	S Main	432478.5	5636381	20cm chip	x-cut fault zone, gal-sph-py	2.93	1.88	7.32
32416	S Main	432442.7	5636421	40cm chip	silic limst, po-sph-py, < gal	9.9	1.61	7.59

"Spey is encouraged by the previously un-recognized increase in silver grades related to silica content in samples with low Pb values," said David Thornley-Hall, President of the Company. "We look forward to continuing to gain a better understanding of this compelling prospect."

*The reader is cautioned that grab samples are, by nature, selective and may not be representative of average grades on the property.

All rock samples were dried, crushed to 70% passing 2mm, then split to 250g, then pulverized to 75% passing 75um, at ALS Canada Ltd. (an Accredited Laboratory, ISO 17025:2005 Certified) in North Vancouver, BC. A portion of the resulting pulps were digested with aqua regia in a graphite heating block. After cooling the solution is diluted with deionized water and analyzed by ICP-AES (inductively coupled plasma-atomic emission spectrometry) for 51 elements. Ore grade samples containing >10,000 ppm Pb or Zn were also analyzed by ICP-AES to quantify the Pb and Zn to a percentage level (ME-OG46 assay procedure). ALS inserts blanks and standards and provides check re-samples at various intervals for each sample shipment analyzed to verify data.


About Spey Resources Corp.

Spey is a Vancouver-based mineral exploration company exploring for silver, lead and zinc in British Columbia and also exploring in the La Sal vanadium, uranium district in eastern Utah. For additional information on the Company and its properties, please visit the Company's website: www.speyresources.ca or email: dth@speyresources.ca.

The technical information contained in this news release was reviewed and approved by Perry Grunenberg, P. Geo., a consultant to the Company and a qualified person for the purposes of National Instrument 43-101.


On behalf of the Board of Directors of SPEY RESOURCES CORP.

"David Thornley-Hall"
David Thornley-Hall, President & Director



Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.


CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS:

This news release may contain forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," 'projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Information inferred from the interpretation of drilling results may also be deemed to be forward-looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from Spey's operations and other risks and uncertainties. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.