Mr. Nader Vatanchi of Spey reports

SPEY RESOURCES CORP. ACQUIRES SECURITIES OF FIRST RESPONDER TECHNOLOGIES INC.

Spey Resources Corp. has acquired ownership and control of 1.5 million common shares of First Responder Technologies Inc. The subject shares represented approximately 14.8 per cent of all issued and outstanding common shares of the company as of Sept. 28, 2023, immediately following the transaction described above, resulting in a corresponding increase in the percentage of shares held by Spey as a result of the transaction.

Prior to the transaction described above, Spey held no common shares of the company.

The subject shares were acquired through a share transfer agreement made among the company, Spey and Rauni Malhi, pursuant to which Mr. Malhi agreed to transfer the subject shares to Spey in consideration of a letter agreement made between Spey and Prospectus Capital Inc., by which Spey granted Prospectus the right to acquire a 100-per-cent interest in the LEM property, located in the James Bay region of Quebec.

The holdings of securities of the company by Spey are managed for investment purposes. Spey may from time to time acquire additional securities of the company, dispose of some or all of the existing or additional securities it holds, or may continue to hold its current position. The subject shares were issued at a deemed price of 42 cents per subject share for total consideration of $630,000.

Additional information

A copy of the applicable securities report filed in connection with the matters set forth above may be obtained on SEDAR+ under profiles of the company and Spey.

About Spey Resources Corp.

Spey 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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