Sparton Resources Inc.: Private Placement Financing Additional Drilling at Bruell Gold Project

Sparton Resources Inc.: Private Placement Financing

Additional Drilling at Bruell Gold Project

TORONTO, Dec. 05, 2018 -- Sparton Resources Inc . (TSXV.SRI) (" Sparton" or the "Company") announced today that it

has entered into, effective December 5, 2018, an agreement for a private placement financing totalling $50,000 through the sale

of 714,286 flow through shares to one accredited investor.

Each Flow Through Common Share. is priced at $0.07. The placement is non brokered and no finders fees or commissions

are being paid.

Proceeds will be used for expenditures on the Company’s Canadian Exploration Programs including drilling activities on the

Bruell Project in the Val D’Or East Quebec gold area.

Resale of the shares is subject to normal restrictions under TSX Venture Exchange Policy and the transaction is subject to

final regulatory approval.

Bruell Drilling Program

Six drill holes are planned totalling approximately 1000 meters to follow up the gold mineralization located in last seasons

program. These will test the extensions at depth and laterally of the known zones and the new shear zone mineralization found

in the final hole (SP 18-03) drilled last April. See Sparton News Release dated May 28, 2018 for details. The current program

will involve vertical and lateral step out holes located 50 and 100 meters from hole SP 18-03. (See map posted on Sparton

website www.spartonres.ca).

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.

Forward-Looking Statements

Information set forth in this news release involves forward-looking statements under applicable securities laws. The forward-

looking statements contained herein include, but are not limited to, financings and transactions being pursued, and all such

forward-looking statements are expressly qualified in their entirety by this cautionary statement. The forward-looking

statements included in this news release are made as of the date hereof and the Company disclaims any intention or

obligation to update or revise any forward-looking statements, whether as a result of new information, future events or

otherwise, except as expressly required by applicable securities legislation. Although the Company believes that the

expectations represented in such forward-looking statements are reasonable, there can be no assurance that such

expectations will prove to be correct and, accordingly, undue reliance should not be put on such forward-looking statements.

This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein.

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