Dr. Fernando Tallarico reports

SPARK ENERGY MINERALS ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Further to the news release dated Nov. 21, 2025, Spark Energy Minerals Inc. has closed its previously announced non-brokered private placement for gross proceeds of $500,000 through the issuance of 10 million units of the company.

The company further reports that the full amount of the private placement was taken up by a strategic investor. This participation strengthens Spark's shareholder base and reflects aligned interest in the advancement of the company's exploration initiatives in Brazil.

Each unit consists of one common share in the capital of the company and one common share purchase warrant of the company. Each warrant entitles the holder to purchase one common share in the capital of the company for a period of three years from the date of issue at an exercise price of six cents.

The net proceeds of the private placement will be used to finance Spark's near-term drill program at the Arapaima project in Brazil, including mobilization and initial drilling costs, with the balance allocated to general working capital. No finders' fees were payable in connection with the private placement.

All securities issued in connection with the private placement are subject to a four-month hold period from the closing date under applicable Canadian securities laws in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside of Canada.

About Spark Energy Minerals Inc.

Spark Energy is a Canadian company advancing the exploration and development of critical minerals essential to the clean energy transition. The company's primary focus is Brazil, where it controls a significant land position within the country's emerging Lithium Valley -- a region recognized for its lithium, gallium and rare earth potential. Spark's flagship Arapaima project spans approximately 91,900 hectares, and hosts multiple targets for lithium and gallium/rare earth element mineralization. Through systematic exploration, Spark aims to help strengthen the secure and sustainable supply of minerals that power electrification, renewable energy and modern technologies. The company is committed to responsible exploration practices and supporting Brazil's development of a transparent, sustainable critical mineral supply chain.

We seek Safe Harbor.