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October 6, 2009

  
   
 
     
 

SPARTON RESOURCES INC.

QUAM VENTURES (BVI) LIMITED CONVERTS PREFERENCE SHARES OF SPARTON ENERGY INC. INTO COMMON SHARES IN THE CAPITAL OF SPARTON RESOURCES INC.

  
     
 
 

Sparton Resources Inc. (TSX VENTURE:SRI) (the "Company") announced today that Quam Ventures (BVI) Ltd. has exercised its right of conversion pursuant to the bridge facility agreement entered into between the company and Quam on Sept. 30, 2008(the "Agreement"), and the amended agreement entered into on Oct. 2, 2008, between the company, Sparton Energy Inc.("SEI"), a subsidiary of the company, Quam, and Sparton Holdings Inc.(the "Ämended Agreement"). The Agreement and Amended Agreement entitled Quam to convert 2,648,700 preference shares of SEI into an aggregate of 3,555,555 common shares in the capital of the company.

 
 
 
     
  For more information contact:  
 

A. Lee Barker, President and CEO

Charles Ge Director

Tel.: 416-366-3551

Tel: 1+86 10 8559 0034(int'l)

Fax: 416-366-7421

Fax: 1+86 10 8559 0034(int'l) (Fax)

Mobile:416-716-5762

Email: Charlesge@vip.163.com

E-mail: info@spartonres.ca

 
Company website: www.spartonres.ca



Listed:TSX Venture Exchange
 
Trading Symbol: SRI      
  
 
     
  This news release and the information contained herein does not constitute an offer of securities for sale in the United States and secuurities may not be offered or sold in the United States absent registration or exemption from registration.  
     
 
 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.