Sprylogics Corporate Update

TORONTO, ONTARIO, Jun 06 (MARKET WIRE) --
Sprylogics International Corp. (the "Company" or "Sprylogics") (TSX
VENTURE: SPY), announced today that it is still in the process of
completing its previously announced non-brokered private placement
financing of up to $1,000,000, which will be comprised of up to 6,666,666
units at a subscription price of $0.15 per unit, each unit being
comprised of one common share and one-half of one warrant. Each whole
warrant will be exercisable into one common share for a period of two
years at an exercise price of $0.20. The Company announced the closing of
a first tranche of this financing on May 22, 2008.

The Company expects to complete an additional tranche of this
non-brokered financing as well as the previously announced brokered
financing with PowerOne Capital Markets Limited (see press release dated
April 4, 2008) within the next couple of weeks.

About Sprylogics International Corp.

Sprylogics International Inc. develops advanced search, analysis, and
information display tools and services. These solutions enable users to
search large amounts of unstructured data on the Web, and in internal
corporate databases, and convert it into actionable intelligence. The
core technology driving Sprylogics' solutions is embedded in the Cluuz
Search Engine platform, which enables both consumers and corporate users
to methodically search the Internet and internal corporate resources and
find the information they are looking for. Cluuz search results are
visually displayed through patent pending semantic graphs and result in
improved decision making capabilities. To find out more, visit
www.sprylogics.com, and www.cluuz.com.

Certain statements in this press release may constitute "forward-looking"
statements which involve known and unknown risks, uncertainties and other
factors which may cause actual results, performance or achievements of
the Company to be materially different from any future results,
performance or achievements expressed or implied by such forward-looking
statements. When used in this press release, such statements use such
words as "may," "will," "expect," "anticipate," "project," "believe,"
"plan" and other similar terminology. The risks and uncertainties are
detailed from time to time in reports filed by the Company with
securities regulatory authorities to which recipients of this press
release are referred for additional information concerning the Company,
its prospects and the risks and uncertainties relating to the Company and
its prospects. New risk factors may arise from time to time and it is not
possible for management to predict all of those risk factors or the
extent to which any factor or combination of factors may cause actual
results, performance and achievements of the Company to be materially
different from those contained in forward-looking statements. Given these
risks and uncertainties, investors should not place undue reliance on
forward-looking statements as a prediction of actual results. The
forward-looking information contained in this press release is current
only as of the date of this press release. There should not be an
expectation that such information will in all circumstances be updated,
supplemented or revised whether as a result of new information, changing
circumstances, future events or otherwise.

TSX Venture Exchange has not reviewed
and does not accept responsibility for the adequacy or accuracy of this
press release.

Contacts:
Sprylogics International Corp.
Michael Frank
CEO
(416) 221-5119
Email: michael@sprylogics.com

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