Sparton Resources Inc. Announces Adoption of Semi-Annual Reporting

Executive Summary

• Sparton Resources Inc. has elected to adopt semi-annual financial reporting under Coordinated Blanket Order 51-933, moving away from its previous quarterly reporting obligation.
• The company will be exempt from filing interim financial statements and associated Management's Discussion & Analysis (MD&A) for the first and third fiscal quarters.
• This administrative change is effective immediately for the March 31, 2026 and September 30, 2026 periods, and will apply to future corresponding quarters provided the company maintains eligibility.

Key Details

• Board Resolution date for the election: April 13, 2026
• Regulatory framework adopted: Coordinated Blanket Order 51-933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers
• Company fiscal year-end: December 31
• Eligibility criteria confirmed: Venture issuer with annual revenues of less than $10 million
• Exempted periods: Interim financial statements and MD&A for the three months ended March 31, 2026, and the nine months ended September 30, 2026
• Future application: Exemptions will continue to apply to all subsequent March 31 and September 30 periods, contingent on ongoing compliance with CBO 51-933 eligibility requirements
• Filing basis: This release is filed pursuant to CBO 51-933