Sparton Resources : News Release

TORONTO, ONTARIO, April 5th, 2024. Sparton Resources Inc. (TSXV-SRI) "Sparton" orthe "Company") reported today that it has accelerated exploration work on its two gold and critical metalsprojects in Ontario and Quebec. These include the Oakes project in Ontario and the Pense Project innortheastern Ontario and western Quebec.

Bruell Project Quebec
Eldorado Gold Corporation ("Eldorado") is also actively assessing the project data to implement adecision related to its future involvement at the Bruell gold project, east of Val d'Or, Quebec, which issubject to an agreement, extending Eldorado's option decision date to April 19th, 2024. Please seeCompany news release dated Feb 28th, 2024.

Pense Project, Ontario - Quebec
The recent reconnaissance ground surveys completed at Pense, have confirmed strong electrical andcoincident magnetic anomalies at all of the priority targets located by the airborne work. Line cutting ofdetailed survey grids has started and detailed ground surveys, using horizontal loop survey equipment,will begin after breakup, once line cutting is completed and ground conditions permit.

The reconnaissance results indicate the presence or relatively short strike length conductive bodies withcoincident or adjacent magnetic anomalies that are similar to those displayed by the mineralizationreported in several drill holes from historical 1997 work. Please see Company news release datedFebruary 28th, 2024. These are also similar to geophysical responses described in the literature for theworld class Outokumpu-style critical minerals mineralization in Finland.

About the Pense Property
At Pense, there are a number of surface showings of steeply dipping sulphide mineralization hosted inintercalated sediments and mafic and ultramafic volcanic rocks (komatiites). At least 2 priority areas withpast diamond drill hole intersections clearly warrant follow-up evaluation. These have been identified bythe current airborne survey results and confirmed on the ground with follow-up work.

Copper, Zinc, Gold, Silver, Nickel and Cobalt have all been reported from past surface sampling andhistorical drilling. The last significant drilling program on the Property was in 1997. One historical hole, in1997, recorded 0.893% copper,1.30% zinc, 4.12 grams per tonne silver, and 1.69 grams per tonne gold,over a core length of 9.02 meters. This zone was not followed-up in detail with more drilling and isassociated with a distinct magnetic and electromagnetic anomaly from past ground surveys. (ReferenceOntario MNDM File Number MD131M13SE00008). This anomaly was confirmed by the current TargetEM work.

"The Pense Property appears to have been overlooked in recent years and there is enough documentedpolymetallic mineralization on the property to warrant this detailed survey work", stated A. Lee Barker,Sparton's CEO. "We are very encouraged with the results of the survey and follow-up work confirmingthat there are several new untested zones that have been located on the claims. The detailed groundsurvey delineation of these will lead to drilling, planned for later this year. The presence of significant goldmineralization is a bonus for this critical metals' opportunity. With the current gold price reaching all-timehighs, we believe that this overlooked style of mineralization in this area and the anomalous goldassociated with the critical mineral's mineralization is a bonus for the Pense project."

Oakes Project- Matachewan, Ontario
Sparton has generated five excellent Induced Polarization ("IP") anomaly drill targets for gold and copperin earlier work programs at Oakes. Drill access trails have now been located for these and the roads willbe made after breakup. Drilling is planned for later this year. The property is adjacent to Alamos Gold'sYoung Davidson gold mine and the past producing Ryan Lake copper mine. The IP zones are related tosimilar rock types to those hosting the gold zones at Young-Davidson and the copper mineralisation atRyan Lake.

Cautionary Statement
It should be noted that the historical technical data reported herein have not been verified by a QualifiedPerson under Nation Instrument NI 43-101. They do not include any more recent information or dataavailable to Sparton, and more work needs to be done to verify these historical results.

A. L. Barker M.A.Sc., P. Eng., is the Qualified Person under NI 43-101 for the technical information in thisnews release and has reviewed all available data for the Pense Property area and approved the contentsof this news release.

For more information contact: A. Lee Barker, M.A.Sc., P. Eng., President and CEO Tel./Fax: [phone] or Mobile: [phone]Email: [e-mail] Website:www.spartonres.ca

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