Mr. Brett Marsh reports

EARLY WARNING PRESS RELEASE REGARDING ACQUISITION OF COMMON SHARES IN SPARTAN METALS

Burton Egger, a director of Spartan Metals Corp., has acquired 1.4 million common shares of the company by way of the exercise of 1.4 million common share purchase warrants at a purchase price of 7.5 cents per acquired share.

Prior to the completion of the acquisition, Mr. Egger beneficially owned or exercised control or direction over 7,222,341 common shares, 1,604,166 common share purchase warrants and 50,000 restricted share units, representing approximately 18.3 per cent per cent of the issued and outstanding common shares on an undiluted basis and 21.56 per cent on a partially diluted basis. Upon completion of the acquisition, Mr. Egger beneficially owns or exercises control or direction over 8,622,341 common shares, 204,166 warrants and 50,000 RSUs, representing approximately 21.7 per cent per cent of the issued and outstanding common shares on an undiluted basis, and 21.56 per cent per cent of the issued and outstanding common shares on a partially diluted basis, assuming that Mr. Egger exercised all of his warrants and RSUs, and no other holders of convertible securities exercised or converted any of their securities.

The acquired shares were acquired for investment purposes. Depending on market conditions, the acquiror may, from time to time, acquire additional securities, exercise convertible securities, dispose of some or all of the existing or additional securities, or continue to hold the securities of the company.

About Spartan Metals Corp.

Spartan Metals is focused on developing critical mineral projects in well-established and stable mining jurisdictions in the western United States, with an emphasis on building a portfolio of diverse strategic defence minerals such as tungsten, rubidium, antimony, bismuth and arsenic.

Spartan's flagship project is the Eagle project in eastern Nevada that consists of one of the highest-grade historic tungsten resources in the United States (the past-producing Tungstonia mine) along with significant underdefined resources consisting of: rubidium, antimony, bismuth and indium, as well as precious and base metals.