Sparton Resources Inc. reported summary results from the Eldorado Gold Corporation drill program, completed at the Company's Bruell property east of Val d'Or Quebec. On October 26, 2022, Sparton reported that it has completed the earn-in and exercised its option to acquire 100% of the 51 claim Bruell Property in Vauquelin Township, Quebec (the “Bruell Property”) from the underlying vendors. Please see Company news release dated October 26, 2022, for details.

It was also announced at that time that Eldorado had requested, and Sparton had agreed to a one-year extension on the Eldorado Option Agreement. In consideration for the extension, Eldorado has agreed to carry out a minimum of 4,000 meters of additional drilling as a new option commitment. The additional drilling will test several geochemical (till) anomalies, as well as follow-up holes on positive results from the recently completed 2022 drilling program, and test other areas of the property.

In 2022, Eldorado completed 11 diamond drill holes totaling 4,745 meters. Complete assays are now available. The drilling work (9 holes) concentrated on the area between the Avocalon /Aurora shaft and the area where Sparton drilling in 2018-2019 located several wide shear zones with anomalous gold mineralization.

Please see Sparton News Release dated April 25, 2019. Two holes (numbers 10 and 11) were drilled about 2,500 meters to the east of this area to test a gold-in-till geochemical anomaly Eldorado's 2022 work also involved structural analysis of the geometry of the mineralized intervals to determine true thickness. As well, limited trenching, stripping and sampling where feasible, was completed in the central claim area.

No drilling was done in the vicinity of the Bruell 1 and Bruell 2 shaft areas to the north and west of Avocalon/Aurora area. A map showing the drill hole locations will be posted on the Sparton website at www.spartonresources.com. The Hole Collar Table for the Bruell drilling follows the text of this news release.

Exploration activities on the Bruell project have been conducted under the direct supervision of Eldorado Gold Québec employee Nathalie Prud'homme, P.Geo. from Eldorado Gold who is a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"), and has verified and approved, the scientific and technical disclosure contained in this press release in relation to the Bruell project. Eldorado operates its exploration programs according to industry best practices and employs rigorous quality assurance and quality control procedures.

All results are based on half-core samples of diamond drill core. Drill core samples were prepared and analyzed at ALS-Chemex Laboratories in Val d'Or, Quebec. All gold assays are based on fire assay analysis of a 30 gm charge followed by an atomic absorption finish.

Samples with gold grades above 5.0 g/t were re-assayed and completed with a gravimetric finish. Some of the samples were prepared and analyzed at the MSA Lab in Val-d'Or where a 500 gm charge is analyzed for gold by gamma ray with photon assay instrumentation. Certified standard reference materials, field duplicates and blank samples were inserted regularly and were closely monitored to ensure the quality of the data.

Final decisions on the large Hubei Project battery contract in China are now expected to take place before the Chinese New Year which occurs on January 22, 2023. Delays in the decision process have been mainly due to COVID issues in PRC and their effects on the multiple parties involved in the contract, which will be with the Hubei State Power Company.