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Spartan Metals – Reviewing 2025 and a Look Ahead to 2026

Shareholder Letters & Outlook

TSX-V: W | OTCQB: SPRMF | FSE: J03

1-888-535-0325

[email protected]

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Spartan Metals – Reviewing 2025 and a Look Ahead to 2026

Vancouver, Canada, January 8, 2026 – Spartan Metals Corp. (“ Spartan” or the “ Company”) (TSX-V: W |

OTCQB: SPRMF | FSE: J03) is pleased to provide a summary of its key 2025 accomplishments and a review

of its 2026 exploration strategy at its 100% owned Eagle Tungsten-Silver-Rubidium project (“Eagle”) in

eastern Nevada.

2025 Highlights:

• Acquired the Eagle Tungsten -Silver-Rubidium Project from Ridgeline Minerals (July 31 ) and

changed the company name to Spartan Metals Corp,

• Began trading on the TSX Venture exchange under the symbol “W” on August 5th,

• Completed a $2.25 million capital raise (September 27),

• Significantly expanded our leadership team with the addition of Rebecca Ball as Vice President of

Exploration and added Michael Harp to our Board of Directors. Rebecca and Michael both bring

vast experience, strong technical skills , and passion for discoveries which has helped drive a

successful exploration campaign at the Eagle Project and,

• Expanded our capital market reach globally though listing on the OTCQB (“SPRMF”) and on

Frankfurt Exchange (“J03”).

Key Exploration Successes:

• Field reconnaissance and rock chip sampling was conducted which confirmed historic work and

provided new data in the Tungstonia area providing a strong foundation for future work programs

(August 7),

• Identified high-grade silver-rich CRD target s on trend with the Tungstonia vein system which

strongly suggests the potential for a larger CRD target that could potentially contain significant

critical metal concentrations (November 3),

• Doubled the number of exploration and mining claims at Tungstonia to now cover 7,131 acres

(November 25),

• Identified two new tungsten-silver-rubidium targets of potentially significant scale (December 9)

expanding the known mineralized footprint of the Tungstonia system and,

• Provided encouraging assay results on the tailings at the former Tungstonia mine which support

our belief that the legacy Tungstonia tailings can be an important part to fund future development

at Eagle (December 18).

2026 Catalysts:

Spartan begins 2026 with a clear strategy to b uild on the strong performance of 2025 and advance

exploration at the Eagle Project.

• Conduct a high-value targeted drill campaign on priority targets identified from the compilation

of the 2025 surface mapping and sampling program,

• Publish m etallurgical results from the tailing s at Tungstonia to help better understand the

economic potential in the readily accessible tailings and waste rock and,

TSX-V: W | OTCQB: SPRMF | FSE: J03

1-888-535-0325

[email protected]

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• Seek non-dilutive financing to support our growth plans. At present the need for domestic critical

minerals in the U.S. is a top priority for the federal government and funding in this sector has been

made available to meet the government’s critical minerals onshoring objectives

Brett Marsh, Spartan’s President and CEO, states , “Spartan had a strong and successful year, especially

considering that our exploration programs began late in 2025. Spartan now has a total of six high-quality

exploration targets at Eagle : four at the Tungstonia deposit that include two extensive high -grade

tungsten, silver and rubidium vein sets, one large silver-rich CRD and one potential bulk tonnage tungsten-

rubidium target, while at our Rees deposit, we have two targets including the past producing Rees tungsten

mine and the past producing Antelope silver-copper-antimony mine. I am very optimistic about our ability

to deliver meaningful results into 2026”

Investor Relations Agreement

As of January 9, 2026, subject to the approval of the TSX Venture Exchange, the Company has engaged

Plutus Invest & Consulting GmbH (“Plutus”), to provide investor programs (“the Program”) to increase

awareness about the Company in Europe for a 12-month term. The Program includes strategic planning,

content creation, ad placement, media buying, and execution. The Company agrees to pay Plutus between

Euro 100,000 to 250,000 immediately for entirety of the Program. Plutus is arm’s length to Spartan and

currently has no interest in the Company. Marco Messina is a Managing Director of Plutus and will be

responsible for all activities related to the Company.

The technical information contained in this news release has been prepared under the supervision of, and

approved by Brett R. Marsh, CPG. Mr . Marsh is President and CEO of Spartan Metals Corp. and a “qualified

person” as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Spartan Metals Corp.

Spartan Metals is focused on developing critical minerals projects in well-established and stable mining

jurisdictions in the Western United States, with an emphasis on building a portfolio of diverse strategic

defense minerals such as Tungsten, Rubidium, Antimony, Bismuth, and Arsenic.

Spartan’s flagship project is the Eagle Project in eastern Nevada that consists of one of the highest-grade

historic tungsten resources in the USA (the past-producing Tungstonia Mine) along with significant under-

defined resources consisting of: rubidium; antimony; bismuth; indium; as well as precious and base metals.

More information about Spartan Metals can be found at www.SpartanMetals.com

On behalf of the Board of Spartan

“Brett Marsh”

President, CEO & Director

Further Information:

Brett Marsh, M.Sc., MBA, CPG

President, CEO & Director

1-888-535-0325

[email protected]

TSX-V: W | OTCQB: SPRMF | FSE: J03

1-888-535-0325

[email protected]

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

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press

release

Forward Looking Statements

This news release contains statements that constitute “forward -looking statements.” Such forward looking statements involve

known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or

achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements

expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts

and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,”

“projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should”

occur. Forward-Looking Information in this news release, Spartan has applied several material assumptions, including, but not

limited to, assumptions that : the current objectives concerning the Company’s projects can be achieved and that its other

corporate activities will proceed as expected; that general business and economic conditions will not change in a materially

adverse manner; and that all requisite information will be available in a timely manner.

Although the Company believes the forward-looking information contained in this news release is reasonable based on information

available on the date hereof, by their nature forward -looking statements involve known and unknown risks, uncertainties and

other factors which may cause our actual results, performance or achievements, or other future events, to be materially different

from any future results, performance or achievements expressed or implied by such forward-looking statements. By their nature,

these statements involve a variety of assumptions, known and unknown risks and uncertainties and other factors, which may cause

actual results, levels of activity and achievements to differ materially from those expressed or implied by such statements.

Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated

with general economic conditions; adverse industry events; future legislative and regulatory developments; the Company’s ability

to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; the

ability of the Company to implement its business strategies; competition; the ability of the Company to obtain and re tain all

applicable regulatory and other approvals and other assumptions, risks and uncertainties.

THE FORWARD -LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE

COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY , IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS

SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD -LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS

INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS

INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.