Sprylogics International Corp.-Third Default Status Report

TORONTO, ONTARIO, Jul 10 (MARKET WIRE) --
Sprylogics International Corp. ("Sprylogics" or the "Company")(TSX
VENTURE: SPY) is providing this third bi-weekly default status report in
accordance with National Policy 12-203 - Cease Trade Orders for
Continuous Disclosure Defaults ("NP 12-203"). In its initial default
announcement of May 28, 2009 (the "Default Notice"), the Company
announced that it will not be filing its audited financial statements for
its fiscal year ended January 31, 2009 (the "2008 Financial Statements")
and its management's discussion and analysis relating to the 2008
Financial Statements (collectively, the "Annual Required Filings") before
the prescribed deadline of June 1, 2009. The Company provided its first
bi-weekly default status report on June 12, 2009 (the "First Default
Status Report") and its second bi-weekly default status report on June
25, 2009 (the "Second Default Status Report").

As previously announced, the Company made an application to the
applicable securities regulators under NP 12-203 requesting that a
management cease trade order be imposed in respect of this late filing.
On June 2, 2009, the Ontario Securities Commission issued a temporary
management cease trade order, which imposed restrictions on all trading
in and all acquisitions of the securities of the Company by the Chief
Executive Officer and the Chief Financial Officer of the Company for a
period of 15 days from the date of such order. On June 15, 2009, the
Ontario Securities Commission issued a permanent management cease trade
order.

The Company continues to work on closing its previously announced private
placement in order to provide sufficient working capital to engage the
auditors to complete the 2008 Financial Statements. As announced in the
Second Default Status Report, the Company anticipates that it will file
the Annual Required Filings by August 31, 2009.

As a result of the delay in filing the Annual Required Filings, the
Company has been unable to file its interim quarterly financial
statements for the three month period ended April 30, 2009 and its
management discussion and analysis related thereto (collectively, the
"Interim Required Filings"). The Corporation intends to file the Interim
Required Filings along with the Annual Required Filings on August 31,
2009.

Other than as noted above, the Company reports that since the Default
Notice, First Default Status Report and Second Default Status Report: (i)
there is no material change to the information set out in the Default
Notice, First Default Status Report or Second Default Status Report; (ii)
there has been no failure by the Company in fulfilling its stated
intentions with respect to satisfying the provisions of the alternative
information guidelines set out in NP 12-203; (iii) there has not been any
other specified default by the Company under NP 12-203; and (iv) there is
no other material information concerning the affairs of the Company that
has not been generally disclosed.

The Company will continue to satisfy the provisions of the alternative
information guidelines under NP 12-203 by issuing bi-weekly default
status reports in the form of news releases so long as it remains in
default of the filing requirements set out above.

About Sprylogics International Corp.

Sprylogics International Inc. develops advanced search, analysis, and
compliance technology. These solutions provide case management tools to
the Fortune 500. Additionally, Sprylogics' products search large amounts
of unstructured data on the web, and in internal corporate databases, and
convert it into more relevant searches for a variety of applications. The
core technology driving Sprylogics' solutions is embedded in the Cluuz
Search Engine platform. Cluuz search results are visually displayed
through patent pending semantic cluster graphs and result in improved
decision-making capabilities. Find out more at 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
Sprylogics International Corporation (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.

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

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

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