Spark Power Group Inc. announced that its Board of Directors (the "Board") has initiated a strategic review process with a view to enhancing shareholder value. The review will be conducted by a special committee (the "Special Committee") comprised solely of independent directors of the Board, consisting of Mr. Larry Taylor (Chair), Mr. Lucio Di Clemente and Mr. Joe Quarin. The Special Committee has been authorized to identify, evaluate and consider a broad range of alternatives available to the Company, focused on providing the necessary capital to execute on the Company's strategic plan. In connection with the strategic review process, KeyBanc Capital Markets has been engaged as sole and exclusive financial advisor to the Special Committee, Cassels Brock & Blackwell LLP has been engaged as legal advisor to the Corporation and Bennett Jones LLP has been engaged as legal advisor to the Special Committee. The review has not been initiated in response to any proposal received by the Company. The Corporation, with the assistance of the Special Committee and its advisors, intends to complete the review process in a timely fashion, however, there is no assurance that these efforts will be successful or that the review process will result in pursuing or completing any transaction and no timetable has been set for the completion of the review process. The Corporation will update the market when it determines that further disclosure on the review process is appropriate or required.