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Sparton
Resources Inc. (TSX VENTURE:SRI) (the "Company") announced
today that it has extended an agreement with an investor
relations firm to enhance investor awareness about Sparton's
portfolio of energy and precious metals projects, and as a consequence,
pursuant to the Company's news release
dated March 20, 2007, has
granted further options to the firm Bay Street Connect ("BSC")
to purchase 100,000 common shares of Sparton at a price of $0.375
per share. These options will vest in increments of 25,000 shares
quarterly in arrears. All vested options will expire if not exercised
within 30 days of termination of the service agreement with BSC.
Otherwise, the options reported here will expire on June 28, 2009.
This grant of options is subject to TSX Venture Exchange approval.
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