Shares FOR Debt Transaction Approved

News Release

SPARTON RESOURCES INC.

SHARES FOR DEBT TRANSACTION APPROVED

TORONTO, ONTARIO , JULY 28, 2017. Sparton Resources Inc . (TSXV.SRI)

(“Sparton” or the “Company”) wishes to ann ounce that it has received TSX Venture

Exchange approval for debt settlement agreement s (the “ Agreements”) with five

creditors (which include the current President and CFO of the Company), as disclosed

in the Company news release dated April 11, 2017. T he Company has issued an

aggregate of 4,005,700 common shares ( “Shares”) at a deemed price s varying from

$0.10 to $0.30 per share, to settle certain obligations of the Company totalling $740,894

related to unpaid fees and expenses (excluding applicable HST), (the “Debt Settlement

Transaction”).

The Company has settled this outstanding indebtedness with Shares in order to

preserve cash.

The Debt Settlement Transaction was approved by the TSX Venture Exchange (the

“Exchange”) on July 26, 2017, and has closed effective July 28, 2017 . The Shares to

be issued by the Company are subject to a 4-month hold period on resale.

There are currently 111,375,460 shares of Sparton issued and outstanding.

For more information contact:

A. Lee Barker, M.A Sc., P. Eng., P.Geol.

President and CEO

Tel./Fax: 647-344-7734 or Mobile: 416-716-5762

Email: [email protected] Website: www.spartonres.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture

Exchange) accepts responsibility for the adequacy or accuracy of this release.

We Seek Safe Harbour.