Sprylogics International Corp.

Sprylogics International Corp.

October 20, 2010 10:47 ET

Sprylogics International Corp. Updates Status of $300,000 Convertible Debenture

TORONTO, ONTARIO--(Marketwire - Oct. 20, 2010) - Sprylogics International Corp. ("Sprylogics" or the "Company") (TSX VENTURE:SPY) announces that the CAD$300,000 principal amount senior secured convertible debenture (the "Debenture") of the Corporation dated October 15, 2009 has matured without repayment by the Corporation. The Corporation has not been provided with any notification by the holder of the Debenture as of this date. The Corporation is currently investigating financing options to repay the Debenture.

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.

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.

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