Mr. Tony Pettica reports

SPARTA AMENDS PRESS RELEASE RELATING TO MCTO APPLICATION

Further to the news release issued on Jan 19, 2024, Sparta Capital Ltd. is amending with respect to the filing of an application seeking a management cease trade order (the MCTO) under National Policy 12-203, from the Alberta Securities Commission (ASC).

Sparta filed an application seeking an order for an MCTO from the ASC because the company will be unable to file its annual financial statements for the year ending Sept. 30, 2023, including the related management's discussion and analysis and certifications from the CEO (chief executive officer) and CFO (chief financial officer) (the annual filings), in time to meet the Jan. 29, 2024, filing deadline. The delay in filing the annual filings is largely related to the unexpected and sudden passing of a former director and key officer, John O'Bireck, and the transition of day-to-day operations to a new management team. Mr. O'Bireck was responsible for all of the operations of the issuer, including liaising with the auditor. During this transitionary period, there have been unavoidable delays in responding to information requests from the auditor resulting in a delay in completion of the annual filings. Sparta Group confirms that the delay is not related to, nor is the issuer involved in, any insolvency proceedings. Management has enacted a detailed remediation plan to ensure the annual filings are completed and filed by March 1, 2024. The remediation plan includes the following steps: (a) Alyn Patterson, the chief financial officer, will be the primary contact between the auditor and the company; (b) management has dedicated a staff member to respond to requests for information from the auditor to ensure requested information is provided promptly; and (c) management will implement a document management system to ensure that these types of delays will be avoided in the future.

Sparta expects to file the annual filings on or before March 1, 2024.

While the MCTO restricts all trading in securities of the company by the chief executive officer and chief financial officer of the company until the MCTO is no longer in effect, regular trading by current and future investors outside the company, continues as normal. The MCTO will be in effect until two full business days following the receipt of the principal regulator that all filings the issuer was required to make have been filed.

The new management team will continue to work daily with the audit firm, but this is not expected to interrupt work within the company's health portfolio and environment division or disrupt plans to unveil a comprehensive TruckSuite platform in Canada this year. The TruckSuite program, designed to assist truckers with some of their biggest challenges on the road, has a significant market target. Currently, Canada alone has over 300,000 truck drivers.

Until the annual filings are filed, the company intends to satisfy the provisions of the alternative information guidelines set out in National Policy 12-203 -- Management Cease Trade Orders.

The company confirms that, other than what was disclosed in prior press releases, there have been no material business developments since the filing of the company's latest interim financial report.

About Sparta Capital Ltd.

Sparta Group (also known as Sparta Capital) is a company focused on advanced technology designed to improve the health of the planet, the health of businesses and the health of humankind. Sparta owns or holds a controlling interest in a network of independent businesses that supply energy-saving technologies designed to reduce energy inefficiencies, achieve reduced emissions and increase operating efficiencies in various industries. At the same time, the company also diverts waste from landfill, transforming it into something of value. While it began as an environmental technology company, Sparta expanded its technological expertise to address the growing demand for healthier workplaces and healthy employees. Its strong technical advisory board reflects Sparta's dedication to advancing technologies that incorporate the latest in high-tech, including artificial intelligence (AI), to solve some of the world's pressing problems, including climate change, viral outbreaks and mounting waste. The company is now structured into three divisions: environment, innovation and energy. These divisions better categorize the growing list of products and services offered by the company.

We seek Safe Harbor.