Sparton Resources Inc. Announces Ramping Up Exploration on Company Gold and Critical Metals Projects - Seite 2

“The Pense Property appears to have been overlooked in recent years and there is enough documented polymetallic 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 confirming that there are several new untested zones that have been located on the claims. The detailed ground survey delineation of these will lead to drilling, planned for later this year. The presence of significant gold mineralization is a bonus for this critical metals’ opportunity. With the current gold price reaching all-time highs, we believe that this overlooked style of mineralization in this area and the anomalous gold associated 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 copper in earlier work programs at Oakes. Drill access trails have now been located for these and the roads will be made after breakup. Drilling is planned for later this year. The property is adjacent to Alamos Gold’s Young Davidson gold mine and the past producing Ryan Lake copper mine. The IP zones are related to similar rock types to those hosting the gold zones at Young-Davidson and the copper mineralisation at Ryan Lake.

Cautionary Statement

It should be noted that the historical technical data reported herein have not been verified by a Qualified Person under National Instrument NI 43-101. They do not include any more recent information or data available 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 this news release and has reviewed all available data for the Pense Property area and approved the contents of 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

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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