Sparton began work on its 100%-owned Whiskey project in central New Brunswick, Canada in February 2007.

The 2400-ha property was acquired as part of Sparton's plan to investigate non-conventional metallic resources and the association of copper occurrences in phosphate-rich host rocks.

The area was explored throughout the 1970s and early 1980s by both large and small companies and by individuals.

Rare Earths

Sparton reviewed its existing database of geochemical data from the Whiskey Project area has identified several occurrences of encouraging rare earth and phosphate mineralization in both surface and drill hole samples.

Historical information from work done by BP Oil in 1972 reported typical yttrium analyses of 0.10%Y from thirteen boulder samples of float material collected during follow up of a regional geochemical survey. (Assessment File 470211 from NB Department of Mines and Energy records).

Eight surface samples collected by Sparton in 2008 returned values varying from 0.01to 0.05% yttrium and 0.60% to over 1.0% phosphorus. These samples also returned elevated values (up to 63 parts per million) in lanthanum, another rare earth element.

Results from widely spaced soil sample profiles with a sample spacing of 25 metres over the mineralized areas returned values of up to 0.013% yttrium in adjacent samples with an average of approximately 40 parts per million Y from 110 samples with anomalous values containing over 15ppm Y (three times local background content in the soils). Drill core samples from four drill holes which tested two separate areas 1.30 km apart also returned yttrium values of up to 0.02% over 1 metre intersections.

Copper/Moly

On August 11, 2008, Sparton reported that it has located a new zone of mineralization on its 100% owned 'Whiskey' claim area in central New Brunswick. Preliminary grab and chip sampling results have returned significant values in copper, silver, and molybdenum. The new area is not located in one of the zones tested by the drilling program completed in March of 2008.

Subsequent to the completion of the winter 2008 drill program, the Government of New Brunswick, bowed to pressure from various local lobby groups and has declared a ban on all uranium exploration in the province. A moratorium on claim staking was also put in place pending the implementation of a new on-line system of mineral claim acquisition. As a consequence Sparton's summer program has focussed on copper exploration, and the uranium program has been suspended.

NEW ZONE RESULTS-HIGHLIGHTS

The newly discovered mineralization is hosted in an altered and brecciated, sub vertical, granitic intrusive emplaced in sedimentary rocks. The zone is intensely sheared and faulted and exposed in a rock face approximately eight meters wide. Assay results now available indicate continuous copper mineralization across the zone with four chip samples taken across the zone at right angles to the mineralized body returning higher values:

A follow up program of soil sampling has recently been completed to trace extensions of the new zone under overburden covered areas, and results are expected to be available in the near future. Additional chip sampling will be undertaken shortly and if similar positive results are received from this work a drilling program may be undertaken later this year.

New results will be reported when available.