Sparton Resources Inc. Private Placement Financing Closed

Sparton Resources Inc. Private Placement Financing Closed

TORONTO, March 22, 2018 -- Sparton Resources Inc . (TSXV.SRI) ("Sparton" or the "Company") announced today that it

has closed, effective March 22, 2018, agreements for private placement financing totalling $64,000 through the sale of 800,000

flow through shares to two accredited investors.

Each Flow Through Common Share is priced at $0.08.

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

the Bruell Project in the Val D’Or 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.

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.

We Seek Safe Harbour