The TSX Venture Exchange has accepted for filing documentation relating to an option agreement dated Oct. 15, 2022, between Sparton Resources Inc. and arm's-length vendors, pursuant to which the company shall earn a 100-per-cent interest in the 39-claim Pense property in Pense township in Ontario.

Pursuant to the agreement, to earn a 100-per-cent interest in the property, the company is required to issue a total of 400,000 common shares to the vendors, incur a total of $250,000 in exploration expenditures on the property and make cash payments totalling $175,000 over the three-year period.

For more information, refer to the company's news release dated Nov. 3, 2022.