Mr. Tony Peticca reports

SPARTA CAPITAL LTD. RELEASES ANNUAL FINANCIAL RESULTS, INCLUDING NEWS OF REVENUE GROWTH FOR SECOND CONSECUTIVE YEAR

Sparta Capital Ltd. (Sparta Group) has released its financial results for the year ended Sept. 30, 2023. This is an update to its Feb. 8, 2024, news release (default announcement), indicating an order from the Alberta Securities Commission (ASC) for a management cease trade order (the MCTO) under National Policy 12-203 Management Cease Trade Orders.

The 12 months ending Sept. 30, 2023, saw growth, increased staffing and the fostering of a new revenue stream. Revenue for the year ended Sept. 30, 2023, and 2022, respectively, increased by $3,452,556 over the comparative period in 2022, from $5,974,858 to $9,427,414, an increase of 57.78 per cent over 2022. The company prioritized its environment division, especially its busy upcycling/recycling facility (ERS International), increasing staffing by 30 per cent to accommodate renewed, as well as new, contracts. Sparta also focused attention on its innovation division to develop technologies supporting human health, and in third quarter began to further develop its autonomous medicine platform (Doctor-in-a-Box) through Sparta Health. Just prior to fiscal year-end, under the innovation division, there was a review and revamping of the original TruckSuite product offering. A newer, more comprehensive mobile app that gives truck drivers everything they need while they run their business from the road will soon be available in Canada.

After year-end, the board assembled a new management team to continue building Sparta Group. They were on the job shortly after the unexpected and sudden loss of John O'Bireck, company president and co-founder. The company's new President, Tony Peticca, has an impressive background in business leadership and high-tech solutions, including experience in health tech development.

Highlights are as follows:

• Revenue growth of 57.78 per cent compared with fiscal year 2022.
• Carbon credit program is officially launched through Sparta's e-waste operation (ERS), creating another revenue stream.
• The TruckSuite USA team has a successful soft launch of the company's mobile app at Accelerate Conference & Expo in Dallas and truckers immediately start downloading the application.
• Hut 8 Mining, one of the countries largest digital currency miners, becomes a strategic partner in the growth of Sparta's e-waste operation (ERS) carbon credit program.
• Completion of operational audit and R2v3 certification of Sparta's e-waste operation (ERS).
• Annual carbon credit verification process is started and completed.
• Work force at Sparta's e-waste operation in Toronto increases by 30 per cent.
• Sparta Health is officially established.
• Sparta Group's environment division wins gold award from OECM for exceeding stringent quality performance criteria.
• The company appoints respected internal medicine specialist Dr. Craig, MD, to its technical advisory board to help support innovative health tech development.
• Sparta's innovation division moves the autonomous medicine platform (Doctor-in-a-Box) forward and confirms that key health data streams for common health problems have been captured using the Doc-in-a-Box technology.
• A review and revamp of Sparta's innovation division's TruckSuite product offering is performed, leading to a new, comprehensive platform to help truckers operate more efficiently.
• Revamped TruckSuite website goes live, offering customers improved user experience.
• Sparta Health explores an opportunity with a European-based company to add an augmented reality application to the autonomous health platform.

Sparta management reports that it is pleased with the strength and stability of the company's environment division (ERS), including the unique carbon credit program, and while ERS will continue to be a focus for management, the plan going forward is to also dedicate staff to the coming launch of TruckSuite. Getting the TS app ready for unveiling here in Canada is a key priority. The new management has also assembled a team to move Sparta's autonomous medicine platform (Doc-in-Box) into the next phase of development.

About Sparta Capital Ltd.

Sparta is a technology-based company focused on integrating emerging technologies. It operates with a decentralized business model, with each active business functioning as a separate subsidiary. This structure provides brand recognition, insight, high-level strategic guidance and financial monitoring. Sparta is divided into three operational business segments, each accountable for its day-to-day operations and performance. Those segments are environment, energy and innovation.

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