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Spark Energy Minerals Announces the Commencement of Its Exploration Program Over Its Brazilian Tenement Portfolio

Exploration Programs

May 30th, 2024 CSE: EMIN OTC: MTEHF FSE: 8PC

Spark Energy Minerals Announces the Commencement of Its Exploration Program

Over Its Brazilian Tenement Portfolio

(Vancouver) – Spark Energy Minerals Inc. (CSE: EMIN OTC: MTEHF FSE: 8PC) (“Spark

Energy Minerals ” or the “ Company”) announced today that the Company has

commenced an exploration program over its strategic Brazilian tenement portfolio. Spark

Energy Mineral’s tenement portfolio covers an area of over 103k Ha across the mineral

rich states of Minas Gerais (66k k Ha), Ceara (16k Ha) and Rio Grande de Norde (21k Ha).

In Minas Gerais, the Company has consolidated its position of contiguous tenements

within the prospective “Lithium Valley” of the Eastern Brazilian Pegmatite Province.

This “Lithium Valley ” is considered as one of the world’s premier lithium bearing

pegmatite provinces with numerous spodumene (and other related lithium minerals)

deposits already in production (Sigma Lithium Corp.) and/or being developed (Lithium

Ionic Corp., Atlas Lithium Corp.). The province is also considered prospective for other

important and related elements including Niobium – Tantalum and Tin, Gemstones ,

Industrial Minerals and Rare Earth Elements.

Jon Hill, VP Exploration commented “we are highly motivated to commence exploration

and advance towards drilling. The proximity and apparent equivalence of the geological

setting of Spark´s extensive contiguous tenement (66 kHa), less than 25 km from Sigma

Lithium’s “Groto do Cirilo” mine supports the potential for discovery in this area.”

To compl ement its cornerstone assets in Minas Gerais, t he Company is also well

positioned with large contiguous tenement packages in the newly emerging pegmatite

provinces of Ceara and Rio Grande de Norde.

Eugene Hodgson, Chair & CEO stated , “T he Company aims to progress generative

exploration to the point of initial drill targeting in the “Lithium Valley” over the next 12

months”. A multi-disciplinary work program has been designed which will combine

analysis and interpretation of geographically appropriate multi -spectral remote sensing

techniques, public domain geochemical and geophysical databases with “boots on the

ground” mapping and sampling. Initial results from the reprocessing and reinterpretation

of public domain geophysics data and remote sensing are expected within the next 4

weeks. Logistics for mobilizing field teams for initial field target validation, mapping and

geochemical sampling have commenced, which are scheduled to start early in the third

quarter of 2024.

About Spark Energy Minerals

Spark Energy Minerals, Inc., is a Canadian company pursuing battery metals and mineral

assets with newly acquired interests in Brazil. The Company has acquired assets in some

of the world's most prolific mining jurisdictions, Brazil's growing lithium area that is

gaining recognition as a world hot spot for lithium and rare earth mineral exploration.

Scientific and technical information disclosed in this document has been reviewed and

approved by Jonathan Victor Hill BSc Hons, FAUSIMM, a Qualified Person consistent with

NI 43-101.

On behalf of the Board of Directors,

EUGENE HODGSON CHAIR & CEO

SPARK ENERGY MINERALS INC.

FOR ADDITIONAL INFORMATION, SEE THE COMPANY'S WEBSITE AT

https://sparkenergyminerals.com

Email to [email protected]

Contact: Eugene Hodgson, CEO, Tel. +1-778-744-0742

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that

term is defined in the policies of the Canadian Securities Exchange) accepts responsibility

for the adequacy or accuracy of this release.

FORWARD LOOKING STATEMENTS

Certain statements contained in this release may constitute "forward –looking

statements" or "forward -looking information" (collectively "forward -looking

information") as those terms are used in the Private Securities Litigation Reform Act of

1995 and simil ar Canadian laws. These statements relate to future events or future

performance. The use of any of the words "could," "intend," "expect," "believe," "will,"

"projected," "estimated", "anticipates" and similar expressions and statements relating

to matters that are not historical facts are intended to identify forward -looking

information and are based on the Company's current belief or assumptions as to the

outcome and timing of such future events. Actual future results may differ materially. In

particular, this release contains forward -looking information relating to the business of

the Company, the Property, financing and certain corporate changes. The forward-looking

information contained in this release is made as of the date hereof, and the Company is

not obligated to update or revise any forward-looking information, whether as a result of

new information, future events or otherwise, except as required by applicable securities

laws. Certain statements contained in this release may constitute "forward –looking

statements" or "forward -looking information" (collectively "forward -looking

information") as those terms are used in the Private Securities Litigation Reform Act of

1995 and similar Canadian laws. These statements relate to future events or future

performance. The use of any of the words "could", "intend", "expect", "believe", " will",

"projected", "estimated", "anticipates" and similar expressions and statements relating

to matters that are not historical facts are intended to identify forward -looking

information and are based on the Company's current belief or assumptions as to the

outcome and timing of such future events. Actual future results may differ materially. In

particular, this release contains forward -looking information relating to the business of

the Company and the proposed exploration work to be performed on the Company’s

properties. The forward-looking information contained in this release is made as of the

date hereof and the Company is not obligated to update or revise any forward -looking

information, whether as a result of new information, future events or otherw ise, except

as required by applicable securities laws.