A.I.S. Resources Limited acquired 20% stake in Spey Resources Argentina S.A. from Spey Resources Corp. on November 30, 2023. The Company sold 20% interest in Spey Resources Argentina S.A to A.I.S Resources for nominal consideration. Spey Resources Corp entered into an option agreement (the ?Candela Option?) with American Salars Lithium Inc. (?American Salars?) where by the Company has granted American Salars the option to acquire the Company?s 80% interest in the Candela II project. As part of the Candela Option, the title of the Candela property was transferred to Spey Resources Argentina S.A. and 20% of the outstanding shares of Spey Resources Argentina S.A were transferred to AIS, as they hold a 20% interest in the Candela II project. American Salars may exercise the Option, over a 5-year period, to earn a 100% ownership interest in Spey Resources Argentina S.A., by making cash payments totaling CAD 2,447,500 and issuing 6,600,000 shares at a deemed price of CAD 0.30 per share. AIS holds a 20% equity interest in Spey Resources Argentina S.A. and will receive its share of the proceeds on a pro rata basis.

A.I.S. Resources Limited completed the acquisition of 20% stake in Spey Resources Argentina S.A. from Spey Resources Corp. on November 30, 2023.