Spark Energy Minerals Announces Forward Share Split

VANCOUVER, BC / November 2, 2023 / Spark Energy Minerals Inc., ("Spark" or the

"Company" (CSE: EMIN) (Frankfurt: J8V) (OTC: MTEHD), announces it is undertaking a

forward split of all of its issued and outstanding share capital (the “Common Shares”) on the

basis of two (2) new Common Shares for each one (1) old Common Share (the “Forward

Split”). All shareholders of record on November 7, 2023, will be entitled to receive one (1)

additional Common Share pursuant to the Forward Split.

The Common Shares will continue trading on the Canadian Securities Exchange (the

“CSE”) under the current stock trading symbol “EMIN,” on the OTC Markets under “MTEHD,”

and on the Frankfurt Stock Exchange under “J8V”.

The Forward Split will revise the number of issued and outstanding Common Shares

of the Company from approximately 24,312,137 Common Shares to approximately

48,624,274 Common Shares, subject to adjustment for fractional shares, which will be

rounded to the nearest whole number. Proportionate adjustments will be made to the

quantity and exercise prices of the Company’s outstanding warrants and stock options to

reflect the Forward Split.

As per CSE policy, the Forward Split is being conducted on a "push-out" basis and

therefore the CUSIP number for the Common Shares will remain the same. DRS statements for

the additional Common Shares resulting from the Forward Split will be mailed to the

shareholders as of the Record Date by the Company’s transfer agent Odyssey Trust Company.

Shareholders do not need to take any action with respect to the Forward Split. The Forward

Split will not materially affect the percentage ownership in the Company of shareholders even

though such ownership will be represented by a larger number of Common Shares.

Pursuant to the provisions of the Business Corporations Act (British Columbia) and the

Articles of the Company, the Forward Split was approved by way of resolution passed by the

Board of Directors of the Company.

Spark Energy Minerals Announces Forward Share

Split

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The Board believes that the Forward Split will provide the Company with greater

flexibility for the continued development of its business and the growth of the Company,

including financing arrangements, and add shareholder value.

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 areas, and in the Newfoundland, Canada region, which is also gaining recognition as

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

FOR ADDITIONAL INFORMATION, SEE THE COMPANY'S WEBSITE AT

https://sparkenergyminerals.com

Email to [email protected]

Contact: Peter Wilson, CEO, Tel. +1-604-200-2785

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 "forward-

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

Spark Energy Minerals News – 11-2-2023 |

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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 RN

Property, the Acquirors 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 – 11-2-2023 |