Spark's Maiden Drilling Delivers 78-Meters Rare Earth Intercept Grading 2,430 ppm TREO and 94-Meters Grading 63 g/t Ga2O3

Peak interval of 2 meters grading 6,682 ppm TREO with 33% MREO

Vancouver, British Columbia--(Newsfile Corp. - February 10, 2026) - Spark Energy Minerals Inc. (CSE: SPRK) (OTC Pink: SPARF) (FSE: 8PC) ("Spark" or the "Company") is pleased to report strong drill results from its maiden Reverse Circulation ("RC") program at the Arapaima Project in Padre Paraíso, northern Minas Gerais State, Brazil, highlighting thick, near-surface rare earth and gallium mineralization.

Final laboratory assays confirm extensive, continuous rare earth element ("REE") and gallium ("Ga") mineralization from surface, with grades and continuity consistent with an ionic-adsorption clay ("IAC")-style system. IAC-style deposits are globally recognized as a critical source of heavy rare earths used in permanent magnets and advanced technologies.

These results are based on final assays from the first three drill holes completed as part of Spark's maiden five-hole Reverse Circulation ("RC") drill program at the Arapaima Project. Assays from the remaining two drill holes are pending and will be reported once received.

"These initial drill results confirm the presence of thick, near-surface rare earth and gallium mineralization at Arapaima and validate our exploration model," said Dr. Fernando Tallarico, Chief Executive Officer of Spark Energy Minerals. "As maiden, first-pass discovery holes, the results demonstrate the presence of a laterally extensive mineralized system and support continued drilling to evaluate the lateral extension and scale of this mineralized system."

Figure 1: Maiden RC drill hole locations and selected near-surface rare earth and gallium intercepts at the Arapaima Project.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10093/283454_366cec2cc48358b7_00 ...

Highlights

• Thick clay-rich weathering profiles and REE-Ga distribution support an ionic-adsorption clay ("IAC")-style system.
• Hole ARA-RC003 returned 78 m grading 2,430 ppm TREO (21% MREO) from 16 m
  • Including 10 m grading 4,522 ppm TREO (25% MREO) from 50 m
  • Including 2 m grading 6,682 ppm TREO (33% MREO) from 70 m
  • Including 2 m grading 5,148 ppm TREO (28% MREO) from 64 m
  • 94 m grading 63 g/t Ga₂O₃ from surface
• Hole ARA-RC001 returned 28 m grading 2,031 ppm TREO (21% MREO) from 30 m
  • Including 2 m grading 4,741 ppm TREO (27% MREO) from 46 m
  • Including 6 m grading 2,663 ppm TREO (27% MREO) from 48 m
  • 58 m grading 52 g/t Ga₂O₃ from surface
• Hole ARA-RC002 returned 16 m grading 1,353 ppm TREO (22% MREO) from 26 m
  • Including 2 m grading 2,244 ppm TREO (22% MREO) from 30 m
  • Including 2 m grading 2,075 ppm TREO (28% MREO) from 38 m
  • 44 m grading 47 g/t Ga₂O₃ from surface

Exploration Results and Geological Interpretation