Sparton Announces Private Placement Offering of up to C$500,000 For its Critical Metals Exploration Programs

Not for distribution to United States Newswire Services or for dissemination in the United States

TORONTO, Oct. 30, 2025 (GLOBE NEWSWIRE) -- Sparton Resources Inc. (TSXV-SRI) (“Sparton” or the “Company”) is pleased to announce non-brokered private placements (the “Offering”) for gross proceeds of up to C$500,000.

The Offering will be in Units and will consist of a combination of Quebec Flow Through Shares (“QFTS”), Federal Flow Through Share (“FFTS”), (collectively called “FTS”), Non-Flow Through Share (“NFTS”) and Share Purchase Warrants (“FTSPW or SPW”).

The NFTS unit will be offered at C$0.03. The NFTS Unit will consist of one (1) common share of the Company and one non-flow through share purchase warrant (SPW). Each SPW will entitle the holder to purchase one common share of the Company at C$0.05 for a period of 24 months following the issue date.

The FTS unit will be offered at C$0.035. Each FTS unit will consist of one common share of the Company and a ½ (one half) non-flow through Share Purchase Warrant (1/2 FTSPW). Each FTSPW will entitle the holder thereof to purchase one common share of the Company at a price of C$0.08 for a period of 12 months following the issue date.

Each Flow Through Share will consist of one common share of the Company to be issued as a Critical Metals “flow-through share” within the meaning of the Income Tax Act (Canada)

The Company intends to use the proceeds of the offering for the exploration of the Company’s Critical Metals projects in Ontario and Quebec. These include the Pense -Montreuil polymetallic metals project east of Englehart, Ontario, and straddling the Ontario- Quebec border. Work will expand the airborne electromagnetic surveys, follow-up ground truthing of anomalies and diamond core drilling.

The gross proceeds from the issuance of the FTS will be used to incur resource exploration expenses which will constitute “Canadian exploration expenses” as defined in subsection 66.1(6) of the Income Tax Act and "flow through mining expenditures" as defined in subsection 127(9) of the Income Tax Act (the “Qualifying Expenditures”), which will be renounced with an effective date no later than December 31, 2025 to the purchasers of the FTS units in an aggregate amount not less than the gross proceeds raised from the issue of the FTS units. If the Qualifying Expenditures are reduced by the Canada Revenue Agency, the Company will indemnify each subscriber of FTS units for any additional taxes payable by such subscriber as a result of the Company’s failure to renounce the Qualifying Expenditures.

The closing of the Offering is subject to receipt of all necessary regulatory approvals including those of the TSX Venture Exchange. Finder’s fees or commissions or share purchase warrants will be payable in accordance with market conditions and policies of the TSX Venture Exchange. Any of the common shares of the Company that are issued and those issuable from any finder’s warrants will be subject to a hold period ending on the date that is four months plus one day following the issue date of those shares in accordance with applicable securities laws.

The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor in any other jurisdiction.

For more information, contact:

A. Lee Barker, M.A.Sc., P.Eng.
President & CEO
Tel./Fax: 647-344-7734 or Mobile: 416-716-5762
Email: info@spartonres.ca
Website: www.spartonres.ca

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.

Forward-Looking Statements

Information set forth in this news release involves forward-looking statements under applicable securities laws. The forward-looking statements contained herein include, but are not limited to, financings and transactions being pursued, and all such forward-looking statements are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although the Company believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct and, accordingly, undue reliance should not be put on such forward-looking statements. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein.

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