Mr. Eugene Hodgson reports

SPARK CONFIRMS FOUR HIGH-PRIORITY LITHIUM DRILL TARGETS IN BRAZIL'S LITHIUM VALLEY; 1,217 PPM LI AT MACUCO

Spark Energy Minerals Inc. has confirmed four high-priority lithium drill targets at its flagship Arapaima project in Brazil's Lithium Valley. This milestone marks a major step toward Spark's first-ever drill campaign in one of the most lithium-rich jurisdictions in the world.

"These four drill targets reflect months of rigorous fieldwork and geochemical validation," said Eugene Hodgson, chief executive officer and chair. "With pegmatite swarms, strong lithium values and immediate access, Spark is positioned for a major exploration breakthrough. We're unlocking real discovery potential in one of the world's most important battery metal jurisdictions."

Highlights:

• Four drill-ready lithium targets identified: Testa, Pedro, Robertinho/Bob and Macuco;
• Rock sample returns up to 1,217 ppm Li at Macuco;
• 62 rock samples and 20 stream sediment samples collected to date in July;
• 15 new stream sediment samples advance rare-earth and gallium exploration over Caladao granite.

Charnockite is a high-grade metamorphic rock formed deep in the earth's crust under intense heat and pressure. It often hosts valuable minerals due to its complex geological history and is commonly associated with ancient, stable continental regions known for mineralization.

Charnockite is a known source rock for REE (rare-earth element) mineralization and is expected to guide short-term REE drill targeting. The collected sample (ARA-CR-240) will undergo full chemical analysis to assess its potential for containing economically important elements.

Drill-ready lithium targets identified

Fieldwork conducted during the week of July 7 to July 11 focused on advancing and confirming priority lithium-bearing pegmatite targets across four key areas:

1. Agua Branca -- Testa target: Stream sediment anomalies and confirmed pegmatite dikes make this a high-conviction drill target. An existing access route at the top of the hill enables rapid mobilization.
2. Pedro target (Toninho de Biza mine): A 1.2-kilometre historic road has been surveyed for reopening, enabling efficient access to mapped pegmatite swarms.
3. Corrego da Lagoa/Lorentino-Robertinho and Bob targets: Planning is under way for initial drill holes at the Robertinho target, with potential follow-up at the adjacent Bob site.
4. Macuco target: A standout sample from black mica in a shallow pit returned 1,217 ppm (parts per million) lithium -- one of the highest to date. Follow-up work confirms the area as a top-priority drill target.

Caladao granite -- advancing rare-earth and gallium discovery

Spark continues to expand geochemical coverage across the Caladao granite, an intrusive unit with demonstrated potential for rare-earth elements (REEs) and gallium. Fifteen new stream sediment samples were collected this week to complement earlier campaigns that returned elevated REE and gallium values in adjacent areas.

Next steps and shareholder catalysts

Spark is actively progressing toward its first drill campaign in Brazil, with multiple targets advancing in parallel. Immediate priorities include:

• Finalizing access and permitting at four confirmed drill targets;
• Completing stream sediment coverage over the REE and Ga rich Caladao granite;
• Integrating geochemical and geological data to optimize drill collar placement and prioritize short-term drill targets for lithium and REE.

Spark Energy Minerals is positioning itself as a key exploration player in Brazil's Lithium Valley -- a globally strategic jurisdiction for future-facing metals. With drilling preparations under way, the company is set for a catalyst-rich second half of 2025, offering shareholders strong near-term momentum.

Qualified person

The scientific and technical information disclosed in this document has been reviewed and approved by Jonathan Victor Hill, BSc, Hons, FAUSIMM, a qualified person consistent with National Instrument 43-101 and a director of Spark Energy Minerals. Mr. Hill is a director of Spark Energy Minerals and is not independent of the company.

About Spark Energy Minerals Inc.

Spark Energy Minerals is a Canadian company focused on the acquisition, exploration and development of battery metals and mineral assets, with a particular emphasis on its substantial interests in Brazil. The company's flagship project is the Arapaima lithium and REE project spanning a combined 91,900 hectares in Brazil's renowned Lithium Valley, one of the most prolific mining regions in the world. This region is rapidly gaining global recognition for its vast deposits of lithium and rare-earth minerals, positioning Brazil as a critical player in the global energy transition.

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