File: '\\swfile\EmailIn\20260309 112024 Attachment Sparrowhawk - Press Release - Issuance of Stock Options.docx'

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES

NEWS RELEASE

SPARROWHAWK OPPORTUNITY CORP. ANNOUNCES GRANTING OF INCENTIVE STOCK OPTIONS

Vancouver, British Columbia - March 9, 2026 - Sparrowhawk Opportunity Corp. (the "Corporation" or "Sparrowhawk") (TSXV: SHK.P) is pleased to announce that it has granted 440,000 incentive stock options to its directors and officers which options are exercisable within ten years from the date of grant at an exercise price of $0.10 per share. Following grant, the Corporation now has 440,000 incentive stock options granted under the Corporation's Stock Option Plan. All incentive stock options are subject to escrow conditions pursuant to the policies of the TSX Venture Exchange (the "TSXV"). A copy of the Stock Option Plan can be found under the Corporation's filings on SEDAR+ www.sedarplus.ca.

Sparrowhawk, a capital pool corporation within the meaning of the policies of the TSXV, does not have any operations and has no assets other than cash. The most recent working capital balance as at December 31, 2025, was $124,549.

The Corporation's business is to identify and evaluate businesses and assets with a view to completing a Qualifying Transaction under the policies of the TSXV. The Corporation will continue actively looking for a suitable Qualifying Transaction.

Cautionary Note Regarding Forward-looking Statements

This news release contains forward-looking statements that involve risks and uncertainties that could cause the results of Sparrowhawk to differ materially from management's current expectations. Actual results may differ materially due to a number of factors including, among others: the parties may not enter into any future agreement; and Sparrowhawk may not find a target business for its Qualifying Transaction. The matters discussed in this news release also involve risks and uncertainties described in Sparrowhawk's documents filed from time to time with the Canadian securities regulatory authorities. Sparrowhawk assumes no obligation to update the forward-looking information contained in this new release.

For further information, please contact:

Sparrowhawk Opportunity Corp.

Hillar Lilles, CEO, CFO and Director

Hillar@lilles.ca

(403) 608-2896

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.