Spark Energy Minerals Acquires Nova Energia Property In The “Lithium Valley” Brazil Expands Land Holdings to 34,000 Hectares

VANCOUVER, BC / ACCESSWIRE / March 9, 2023 / Spark Energy Minerals Inc.,

(“Spark” or the “Company” (CSE: EMIN) (Frankfurt: M1N) (OTC: MTEHF), has entered into

a mineral claims purchase agreement dated March 8, 2023, with Talisman Venture Partners,

Ltd. (“Talisman” ), pursuant to which the company will acquire from Talisman a 100 percent

ownership interest in 6 (six) exploration permits, known as the “Nova Energia” Property,

comprising approximately 8,631 thousand hectares (8.6k ha) of surface area in Minas Gerais,

Brazil.

The licenses surround Spark Energy’s current 3,500 hectare Property.

Peter Wilson, Chief Executive Officer of Spark stated, "Acquiring this land package

adjacent to the 3,500 hectares already held by Spark, are highly prospective properties that

offer excellent potential." Wilson went on to say, “This package along with the 22k Hectares

recently acquired makes Spark one of the largest land holders in the “Lithium Valley” holding

almost 34k hectares.

The transaction

Pursuant to the terms of the agreement and in order to complete the transaction,

Spark shall pay to Talisman:

 $100,000 CDN on signing of the agreement;

 Issue Talisman 10,000,000 units of the Company. Each unit will consist of one common

share of the Company and an additional warrant giving the unit holder the right to

purchase an additional share of the Company at $0.15. The warrant will have a 2 year

term attached.

 Talisman shall retain a 1% N.S.R. The Company can purchase %0.5 from Talisman at

any time for $1,000,000 CDN.

Completion of the transaction is subject to customary closing conditions including the

company being satisfied with the results of its due diligence review. The company has 90

calendar days from the date of execution of the agreement to complete.

Spark Energy Minerals Acquires Nova Energia Property

In The “Lithium Valley” Brazil

Expands Land Holdings to 34,000 Hectares

Page 2

The transaction is arm's length, and the company is not paying any finders' fees in connection

therewith.

About Spark Energy Minerals Inc.

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

mineral assets with newly acquired interests in Brazil and Canada. The Company has

acquired assets in some of the world's most prolific mining jurisdictions, Brazil's growing

lithium and provinces and in the Newfoundland, Canada region which is gaining recognition

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

FOR ADDITIONAL INFORMATION SEE THE COMPANY’S WEB SITE AT

https://sparkenergyminerals.com

Email to [email protected]

Contact: Peter Wilson, CEO, Tel. +1-604-649-0945

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.

Further information about the Company is available on www.SEDAR.com under the

Company's profile.

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, 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

Spark Energy Minerals News – 3-9-2023 |

Page 3

“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, 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.

Spark Energy Minerals News – 3-9-2023 |