Mr. Jay Richardson reports

ENERSPAR ANNOUNCES MINDFULL AMENDING AGREEMENT AND APPOINTMENT OF DIRECTOR

Enerspar Corp. has entered into a further amending agreement with MindFull Capital Inc. in connection with the business combination agreement previously entered into on April 16, 2019, as amended Aug. 6, 2019. Under the terms of the second amending agreement, in consideration of certain cash payments to be made to Enerspar by MindFull in certain events including monthly payments until closing or termination, the deadline for closing of the business combination transaction has been extended to Feb. 28, 2020.

The chief executive officer of Enerspar, Jay Richardson, said: "We are pleased that we have reached this second amending agreement with MindFull, which speaks to the level of co-operation between the parties and the common desire of the parties to see the closing of the transaction as expeditiously as possible and on the best terms possible. While we had hoped that the transaction would have been completed by now, this provides a current and continuing modest reward for Enerspar and its shareholders for their patience. At the same time, we are pleased to hear the continuing progress that MindFull has made in the development of its business. Enerspar shareholders are well positioned to be beneficiaries from MindFull's ultimate success and we look forward to further announcements of MindFull's success including with respect to potential business combinations."

Additionally, the company has appointed John-Peter Bradford to the board of directors of Enerspar, filling one of the two vacancies created by resignations following the annual general meeting. Mr. Bradford comes from a strong management, research and governance background, and, among other things, was founder and CEO of Metro Photonics Inc. when it raised over $75-million in 2000, including the biggest single private-company raise of the year in Canada. No option grants were awarded.

It is Enerspar's intention to apply for a listing on the Canadian Securities Exchange for its new subsidiary company designed to carry on its business, particularly the Baie Johan Beetz project, when the MindFull transaction is completed.

Enerspar shares will continue halted until the proposed transaction has closed.

About Enerspar Corp.

Enerspar is an exploration company focused on industrial minerals oriented to today's and future energy requirements. Potassic feldspars are especially significant as a hardening agent in today's solar panels and tomorrow's solar shingles.

We seek Safe Harbor.