Mr. Peter Wilson reports

SPARK ENERGY MINERALS CLOSES FIRST TRANCHE OF FINANCING

Spark Energy Minerals Inc. closed on April 22, 2024, the first tranche of $311,875 (4,158,335 units) of its non-brokered private placement announced on March 6, 2024. Each unit consists of one common share and one common share warrant. Each warrant is exercisable at 12 cents and entitles the holder to subscribe for one additional common share for a period of two years from the date of closing. The company has the option to accelerate the expiry date if the stock trades at 20 cents for a period of 10 trading days.

Securities issued on this closing are subject to a statutory hold period until Aug. 23, 2024.

Insiders of the company subscribed for an aggregate of 666,667 common shares of the company. The company has relied on the exemptions from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 contained in sections 5.5(b) and 5.7(a) of MI 61-101 in respect of such insider participation.

The company also announces that it has been granted an extension by the Canadian Securities Exchange to complete its non-brokered financing for gross proceeds of up to $1-million on the terms set out in the news release of March 6, 2024. The extended date for final acceptance of the offering is May 3, 2024.

The company intends to use the proceeds from the private placement to finance the Tristar Energy Corp. acquisition payment, to perform exploration work, for marketing and investor relations, and for general working capital.

About Spark Energy Minerals Inc.

Spark Energy is a Canadian company pursuing battery metal and mineral assets with newly acquired interests in Brazil. The company has acquired assets in some of the world's most prolific mining jurisdictions in Brazil's growing lithium area that is gaining recognition as a world hot spot for lithium and rare earth mineral exploration.

We seek Safe Harbor.