Spark Announces Completion of Maiden Drill Campaign in Brazil's Lithium Valley and Provides Corporate Update
VANCOUVER, BC, February 6, 2026 – Spark Energy Minerals Inc. (CSE: SPRK) (OTC: SPARF) (Frankfurt: 8PC) ("Spark" or the "Company") is pleased to provide an update on the maiden reverse circulation ("RC") drill campaign completed at the Arapaima Project in Brazil’s Lithium Valley. The program comprised five vertical holes (ARA-RC-001 through ARA-RC-005) totaling 296 metres. Analytical results were not available at the time of this release, so detailed assay tables will be provided once the laboratory returns the data, consistent with NI 43-101 requirements.
Figure 1. Reverse circulation drilling at Spark Energy Minerals’ Arapaima Project in Brazil’s Lithium Valley during the Company’s maiden drill campaign.
Maiden RC Program Status
The drill campaign was originally planned as three holes (~300 metres) to test near-surface targets identified through surface geochemistry. After strong operational progress, Spark expanded the program to five RC holes for broader coverage. The completed drill holes are summarized in Table 1, including hole depth and relative spacing information.
Table 1: Summary of maiden RC drill holes completed at the Arapaima Project, including hole depth and relative spacing information.
QA/QC and Sampling Procedures
Samples were collected at two-metre intervals using reverse circulation drilling and quartered at the drill site using a Jones splitter. Approximately 2 kg of material from each interval was submitted to SGS Geosol Ltda. in Vespasiano, Brazil for preparation and analysis. The Company implemented a quality assurance and quality control program including the insertion of blank samples at the start of each sample batch, certified reference materials approximately every 15 samples, and field duplicate samples approximately every 20 samples. Analytical results from the drilling program will be reported once available.
Warrant Incentive Program Reached Mid-Point
Spark announces that its previously announced warrant incentive program (the “Incentive Program”) has reached its mid-point. The Company encourages all eligible warrant holders to consider exercising their warrants during the remaining two weeks of the Incentive Program, which is scheduled to conclude on February 22, 2026 at 5:00 p.m. (Pacific time).
During the Incentive Program, eligible warrant holders benefit from a reduced exercise price of $0.05 per warrant. In addition, the Company will grant to each holder who exercises their warrants during the Incentive Program one additional common share purchase warrant for each warrant exercised (each, an “Incentive Warrant”). Each Incentive Warrant entitles the holder thereof to purchase one common share of the Company for a period of 1 year from the date of issuance, at a price of $0.06 per share.
For further details on the Incentive Program, please refer to the Company’s news release dated January 21, 2026.
Engagement of Pinnacle Capital Markets Ltd.
The Company is also pleased to announce that it has entered into a digital marketing and awareness program agreement (the “Marketing Agreement”) dated February 15, 2026 with Pinnacle Capital Markets Ltd. / TheInvestorsColiseum.com ("Pinnacle"), an arm's length party with respect to the Company. Pursuant to the Marketing Agreement, Pinnacle has agreed to provide digital marketing and awareness services to the Company for an initial term of one year, with automatic renewal thereafter unless terminated in accordance with the Marketing Agreement. The services will include development and coordination of a digital marketing awareness platform, dissemination of publicly available information regarding the Company and its activities, digital advertising and marketing to the financial and investing community, and enhancement of the Company's digital footprint and social media presence across multiple platforms.
In consideration for the services, the Company has agreed to pay Pinnacle $4,500 per month. In addition, the Company has agreed to grant to Pinnacle optionsto purchase an aggregate of 200,000 common shares of the Company at an exercise price of $0.05 per share, exercisable for a period of three years from the date of grant, subject to approval of the Canadian Securities Exchange and in accordance with the Company’s stock option plan.
Pinnacle’s contact information is as follows: email: spyros@theinvestorscoliseum.com, telephone: +1.416.433.5696, business address: 36 Lombard Street, Floor 4, Toronto, ON M5C 2X3.
Spyros P. Karellas is the principal of Pinnacle and will be responsible for all services provided by Pinnacle to the Company.
Engagement of bullVestor Medien GmbH
The Company is also pleased to announce thatit has entered into an agency agreement(the "Agreement") dated February 5, 2026 with bullVestor Medien GmbH Gutenhofen ("bullVestor"), an arm's length party with respect to the Company, to provide advertising and marketing services to the Company in the Republic of Austria, Germany and Switzerland for an initial term of one month commencing on February 5, 2026 and concluding on March 5, 2026. The services will include advertising consulting on market strategy, advertising design and creation for print and online media, and direct marketing campaigns. In consideration for the services, the Company has agreed to pay bullVestor CAD $50,000 for the one-month term.
bullVestor's contact information is as follows: email: kontact@bullvestor.at, telephone: +43 (0) 7435 44077, business address: Gutenhofen 4, 4300 St. Valentin, Austria.
Helmut Pollinger is the principal of bullVestor and will be responsible for all services provided by bullVestor to the Company.
Corporate Update – Board of Directors
The Company also announces that Ms. Wendy Chan has resigned as a director of Spark, effective January 8, 2026. The Company thanks Ms. Chan for her contributions during her tenure and wishes her continued success in her future endeavours. Spark is currently evaluating potential candidates to fill the resulting vacancy on its Board of Directors and will provide further updates as appropriate.
Qualified Person
The scientific and technical information disclosed in this news release has been reviewed and approved by Jonathan Victor Hill, BSc (Hons), FAusIMM, VP Exploration and Director, and Dr. Fernando Tallarico, P.Geo., Chief Executive Officer and Chairman of the Board, each of whom is a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Hill is a Director of Spark Energy Minerals Inc. and is not independent of the Company. Dr. Tallarico is the Chief Executive Officer of Spark Energy Minerals Inc. and is likewise not independent of the Company.
About Spark Energy Minerals Inc.
Spark Energy Minerals Inc. is a Canadian company advancing the exploration and development of critical minerals essential to the clean-energy transition. The Company's primary focus is Brazil, where it controls a significant land position within the country's emerging Lithium Valley - a region recognized for its lithium, gallium, and rare-earth potential. Spark's flagship Arapaima Project spans approximately 91,900 hectares and hosts multiple targets for lithium and gallium-REE mineralization. Through systematic exploration, Spark aims to help strengthen the secure and sustainable supply of minerals that power electrification, renewable energy, and modern technologies. The Company is committed to responsible exploration practices and supporting Brazil's development of a transparent, sustainable critical-minerals supply chain.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
FOR ADDITIONAL INFORMATION, PLEASE CONTACT:
Spark Energy Minerals Inc.
Attn: Dr. Fernando Tallarico, Chief Executive Officer
Email: connect@sparkminerals.co | Tel: +1-877-272-9226
Website: www.sparkminerals.co
Forward Looking Statements
This news release contains certain statements and information that may constitute “forward-looking information” within the meaning of applicable Canadian and United States securities laws (collectively, “forward-looking statements”). Forward-looking statements relate to future events or future performance and reflect management’s current expectations or beliefs regarding future events.
Forward-looking statements can generally be identified by the use of forward-looking terminology such as “intends,” “anticipates,” “plans,” “expects,” or variations of such words and phrases, or statements that certain actions, events or results “may,” “could,” “should,” “would,” or “occur.”
Forward-looking statements in this news release include, without limitation, statements regarding the services to be provided under the agreements with Pinnacle Capital Markets Ltd. and bullVestor Medien GmbH.
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, among others, the risk that the services under the agreements with Pinnacle and bullVestor may not be performed as anticipated.
In making the forward-looking statements in this news release, the Company has applied several material assumptions, including, without limitation, that the services under the agreements with Pinnacle and bullVestor will be performed as anticipated.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except as required by applicable securities laws.
