Spark Energy Announces Private Placement Securing $1.85 Million from Sorbie Bornholm LP

Vancouver, British Columbia--(Newsfile Corp. - April 14, 2025) - Spark Energy Minerals Inc. (CSE: SPRK) (OTC Pink: SPARF) (FSE: 8PC) ("Spark Energy" or the "Company") is pleased to announce a non-brokered private placement financing of up to 31,250,000 units of the Company (the "Units") at a price of $0.072 per Unit for aggregate gross proceeds of up to $2,250,000.00 (the "Offering").

A portion of the Units to be issued under the Offering, representing $1,690,000 will be held pursuant to a sharing agreement entered into with an institutional investor, Sorbie Bornholm LP ("Sorbie") and the Company (the "Sharing Agreement"). The Sharing Agreement provides that the Company's economic interest will be determined in 12 monthly settlement tranches as measured against the Benchmark Price (as defined herein). If, at the time of settlement, the Settlement Price (determined monthly based on a volume-weighted average price for 20 trading days prior to the settlement date) (the "Settlement Price") exceeds the benchmark price of $0.1182 (the "Benchmark Price"), the Company shall receive more than 100% of the monthly settlement due, on a pro-rata basis. There is no upper limit placed on the additional proceeds receivable by the Company as part of the monthly settlements. If, at the time of settlement, the Settlement Price is below the Benchmark Price of $0.1182, the Company will receive less than 100% of the monthly settlement due on a pro-rata basis. In no event will a decline in the Settlement Price of the Units result in an increase in the number of Units being issued to Sorbie.

The Company intends to use the net proceeds of the offering to continue to maximize its exploration program throughout its extensive flagship Arapaima Lithium Project in Minas Gerais, Brazil's Lithium Valley, and for general working capital requirements and other corporate purposes.

The Company will engage in further fundraising efforts in order to maximize investment in the Units and to attempt to fully subscribe the Offering.

Each Unit will be comprised of one common share in the capital of the Company (a "Common Share") and one-half of one Common Share purchase warrant (a "Warrant"). Each Warrant entitles the holder thereof to purchase one additional Common Share at a price of $0.14 per Common Share for a period of thirty-six months following the closing date of the Offering.