Mr. Al Thorgeirson reports

SPARX TO TRANSFER LISTING TO NEX

Sparx Technology Inc. has been advised by the TSX Venture Exchange that its listing will be transferred to the NEX board of the exchange, effective as of the opening of trading on April 8, 2024. The transfer to NEX is being made as a result of the company not meeting the criteria of exchange Policy 2.5 -- Tier 2 continued listing requirements (CLR). NEX is a separate trading board of the exchange which provides a trading forum for issuers that do not meet the exchange's CLR.

The company's trading symbol will change from SPRX to SPRX.H on the effective date as a result of the transfer. The .H symbol extension differentiates NEX symbols from other symbols on the main stock list of the exchange. There is no change in the company's name, no change to its Cusip and no consolidation of its capital. Upon completion of the sale of the company's operating assets and reorganization (see April 1, 2024, news release), the company will focus on reviewing and identifying new opportunities that will qualify the company to return its listing to Tier 2 of the exchange.

About Sparx Technology Inc.

Sparx is a publicly traded company currently undergoing a reorganization and once completed, will focus on identifying new opportunities.

We seek Safe Harbor.