File: '\\swfile\EmailIn\20260617 004019 Attachment Sparrowhawk - Press Release - Private Placement June 2026.docx'

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

NEWS RELEASE

SPARROWHAWK OPPORUNITY CORP. ANNOUNCES PRIVATE PLACEMENT FINANCING

Vancouver, British Columbia - June 17, 2026 - Sparrowhawk Opportunity Corp. (the "Corporation" or 'Sparrowhawk") (TSXV- SHK.P), a capital pool company listed on the TSX Venture Exchange Inc. ("TSXV"), is pleased to announce a private placement financing to enhance the Corporation's working capital position.

The Placement will be a non-brokered private placement offering of up to 1,500,000 common shares of the Corporation (at a price of CAD$0.05 per share for gross proceeds of up to CAD$75,000 (the "Offering"). Directors are expected to subscribe for between $5,000 and $20,000 under the Offering.

The net proceeds from the Offering will be used for general working capital and towards any costs associated with a future qualifying transaction as such a term is defined in Policy 2.4 - "Capital Pool Companies" of the Exchange.

No finder's fees will be payable in connection with the Offering.

The closing of the Offering is expected to occur on or about June 25, 2026, and is subject to final acceptance of the TSX Venture Exchange. All securities issued under the Offering will be subject to a four-month hold period.

A-Labs, a capital pool company 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 $103,597.

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 A-Labs may not find a target business for its Qualifying Transaction. The matters discussed in this news release also involve risks and uncertainties described in A-Labs' documents filed from time to time with the Canadian securities regulatory authorities. A-Labs 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.