Dr. Fernando Tallarico reports

SPARK ENERGY MINERALS ANNOUNCES WARRANT EXPIRY DATE EXTENSION IN CONNECTION WITH ITS WARRANT INCENTIVE PROGRAM

The Canadian Securities Exchange has approved an extension of the expiry date of 2,241,668 common share purchase warrants originally issued by Spark Energy Minerals Inc. on Jan. 31, 2024, from Jan. 31, 2025, to Feb. 22, 2026.

The extension aligns the expiry of the January warrants with the end of the company's previously announced warrant incentive program, providing holders of the January warrants with additional time to participate in the incentive program before its conclusion on Feb. 22, 2026. During the incentive program, the January warrants have a reduced exercise price of five cents. In addition, the company will grant to holders who exercise their January warrants during the incentive program one additional common share purchase warrant for each January warrant exercised. Each incentive warrant entitles the holder thereof to purchase one common share of the company for a period of one year from the date of issuance at a price of six cents per share.

All other terms of the incentive program remain unchanged. For further details on the incentive program, please refer to the company's news release dated Jan. 21, 2026.

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.