Spark Announces Completion of Maiden Drill Campaign in Brazil's Lithium Valley and Provides Corporate Update

Executive Summary

• Spark Energy Minerals completed its maiden reverse‑circulation (RC) drill campaign at the Arapaima Project in Brazil, drilling five holes for a total of 296 m.
• The company announced the mid‑point of its warrant incentive program, offering a reduced $0.05 exercise price and additional “Incentive Warrants” to participants.
• New marketing and agency agreements were entered into with Pinnacle Capital Markets Ltd. (digital marketing) and bullVestor Medien GmbH (European advertising), each involving cash fees and share‑based compensation.

Key Details

• Drill Campaign – Arapaima Project
• Five RC holes completed:
  • ARA‑RC‑001 – 58 m
  • ARA‑RC‑002 – 44 m
  • ARA‑RC‑003 – 94 m
  • ARA‑RC‑004 – 46 m
  • ARA‑RC‑005 – 54 m (total 296 m)
• Targeted saprolite overlying Caladão Granite; sample recovery 85‑100 %.

• Samples taken at 2‑m intervals, split and sent to SGS Geosol for analysis; results pending.

• Warrant Incentive Program

• Mid‑point reached; program ends 22 Feb 2026 (5 pm PT).
• Exercise price during incentive period: $0.05 per warrant.

• For each exercised warrant, holder receives one “Incentive Warrant” to purchase an additional share at $0.06 for one year.

• Marketing Agreement with Pinnacle Capital Markets Ltd.

• Term: 1 year (auto‑renewable).
• Services: digital marketing, platform development, advertising, social‑media enhancement.

• Compensation: $4,500 per month cash + option grant for 200,000 common shares at $0.05 per share (exercisable for 3 years, subject to CSE approval).

• Agency Agreement with bullVestor Medien GmbH

• Term: 1 month (5 Feb 2026 – 5 Mar 2026).
• Services: advertising consulting, design/creation for print & online, direct‑marketing campaigns in Austria, Germany, Switzerland.

• Compensation: CAD $50,000 cash fee.

• Board Update

• Director Wendy Chan resigned effective 8 Jan 2026; board vacancy under evaluation.

Notable Quotes

(No direct quotes were provided in the release.)