Dr. Fernando Tallarico

SPARK ANNOUNCES COMPLETION OF MAIDEN DRILL CAMPAIGN IN BRAZIL'S LITHIUM VALLEY AND PROVIDES CORPORATE UPDATE

Spark Energy Minerals Inc. has provided an update on its maiden reverse circulation (RC) drill campaign at the Arapaima project in Brazil's Lithium Valley. The company also provides an update on its previously disclosed warrant incentive program, recent marketing and investor awareness initiatives, and certain corporate governance matters.

Maiden drill campaign completed -- Arapaima project, Brazil

Spark has successfully completed its maiden drill campaign at the Arapaima project, located near the Cruzeta community approximately seven kilometres from the city of Padre Paraiso, Minas Gerais, Brazil.

The drill program was originally designed as a three-hole, approximately 300-metre first-pass campaign to test priority near-surface targets identified through earlier surface geochemical sampling. Based on favourable drilling conditions and strong operational progress in the field, the program was expanded and completed with five RC drill holes totalling 296 metres, providing broader initial coverage across the target area.

The maiden RC drill campaign represents the first phase of Spark's broader, staged exploration strategy at the company's flagship Arapaima project.

The completed drill holes are summarized as follows:

• ARA-RC-001: 58 metres;
• ARA-RC-002: 44 metres;
• ARA-RC-003: 94 metres;
• ARA-RC-004: 46 metres;
• ARA-RC-005: 54 metres.

Drilling targeted areas characterized by thick saprolite developed from the physical weathering of granitic rocks correlated to the Caladao granite, which is widespread in the Padre Paraiso region and has been the focus of prior surface geochemical sampling for rare earth elements. The local terrain comprises a plateau with elevations ranging from approximately 920 to 960 metres.

The RC drilling methodology proved effective within the developed saprolitic profile, eliminating the need for water in the drilling fluid and enabling efficient field operations. Sample recovery ranged between 85 per cent and 100 per cent across the program. Access to drill sites was excellent due to proximity to existing infrastructure and the nearby city of Padre Paraiso.

Pulverized and chip samples were collected at two-metre intervals during drilling. Samples were quartered using a Jones splitter, with approximately two kilograms submitted for laboratory analysis and one kilogram retained for reference. A comprehensive QA/QC (quality assurance/quality control) protocol was implemented, including the insertion of blanks, duplicates and certified reference materials at regular intervals.

All samples were securely packaged, transported by Spark's geology team and submitted to the SGS Geosol laboratory for chemical analysis. Logging of all drill holes has been completed and the company is currently awaiting analytical results.

Warrant incentive program reached midpoint

Spark announces that its previously announced warrant incentive program has reached its midpoint. The company encourages all eligible warrantholders to consider exercising their warrants during the remaining two weeks of the incentive program, which is scheduled to conclude on Feb. 22, 2026, at 5 p.m. Pacific Time.

During the incentive program, eligible warrantholders benefit from a reduced exercise price of five cents per warrant. In addition, the company will grant to each holder who exercises warrants during the incentive program one additional common share purchase warrant for each 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.

For further details on the incentive program, please refer to the company's news release dated Jan. 21, 2026.

Engagement of Pinnacle Capital Markets Ltd.

The company is also pleased to announce that it has entered into a digital marketing and awareness program agreement dated Feb. 15, 2026, with Pinnacle Capital Markets/TheInvestorsColiseum.com, an arm's-length party with respect to the company. Pursuant to the marketing agreement, Pinnacle has agreed to provide digital marketing and awareness services to the company for an initial term of one year, with automatic renewal thereafter unless terminated in accordance with the marketing agreement. The services will include development and co-ordination of a digital marketing awareness platform, dissemination of publicly available information regarding the company and its activities, digital advertising and marketing to the financial and investing community, and enhancement of the company's digital footprint and social media presence across multiple platforms.

In consideration for the services, the company has agreed to pay Pinnacle $4,500 per month. In addition, the company has agreed to grant to Pinnacle options to purchase an aggregate of 200,000 common shares of the company at an exercise price of five cents per share, exercisable for a period of three years from the date of grant, subject to approval of the Canadian Securities Exchange and in accordance with the company's stock option plan.

Pinnacle's contact information is as follows: e-mail: spyros@theinvestorscoliseum.com, telephone: 1-416-433-5696, business address: 36 Lombard St., Floor 4, Toronto, Ont., M5C 2X3.

Spyros P. Karellas is the principal of Pinnacle and will be responsible for all services provided by Pinnacle to the company.

Engagement of bullVestor Medien GmbH

The company is also pleased to announce that it has entered into an agency agreement dated Feb. 5, 2026, with bullVestor Medien GmbH Gutenhofen, an arm's-length party with respect to the company, to provide advertising and marketing services to the company in the Republic of Austria, Germany and Switzerland for an initial term of one month commencing on Feb. 5, 2026, and concluding on March 5, 2026. The services will include advertising consulting on market strategy, advertising design and creation for print and on-line media, and direct marketing campaigns. In consideration for the services, the company has agreed to pay bullVestor $50,000 for the one-month term.

bullVestor's contact information is as follows: e-mail: kontact@bullvestor.at, telephone: 43-0-7435-44077, business address: Gutenhofen 4, 4300 St. Valentin, Austria.

Helmut Pollinger is the principal of bullVestor and will be responsible for all services provided by bullVestor to the company.

Corporate update -- board of directors

The company also announces that Wendy Chan has resigned as a director of Spark, effective Jan. 8, 2026. The company thanks Ms. Chan for her contributions during her tenure and wishes her continued success in her future endeavours. Spark is currently evaluating potential candidates to fill the resulting vacancy on its board of directors and will provide further updates as appropriate.

About Spark Energy Minerals Inc.

Spark Energy Minerals 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-REE (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 minerals supply chain.

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