Early Warning Press Release Regarding Acquisition of Common Shares in Spartan Metals

(TheNewswire)

Vancouver, Canada, February 24,2026 – TheNewswire– Spartan Metals Corp. (“Spartan” or the“Company”) (TSX-V: W | OTCQB: SPRMF | FSE: J03) reports that BurtonEgger (the “Acquiror”) a director of the Company has acquired 1,400,000 common shares of the Company (the “Acquired Shares”)by way of the exercise of 1,400,000 common share purchase warrants ata purchase price of $0.075 per Acquired Share (the “Acquisition”).

Prior to the completion of the Acquisition, Mr. Eggerbeneficially owned or exercised control or direction over 7,222,341common shares, 1,604,166 common share purchase warrants(“Warrants”) and 50,000 restricted share units (“RSU’s”),representing approximately 18.3% per cent of the issued andoutstanding common shares on an undiluted basis and 21.56% on apartially diluted basis. Upon completion of the Acquisition, Mr. Eggerbeneficially owns or exercises control or direction over 8,622,341common shares 204,166 Warrants and 50,000 RSU’s, representingapproximately 21.7% per cent of the issued and outstanding commonshares on an undiluted basis, and 21.56% per cent of the issued andoutstanding common shares on a partially diluted basis, assuming thatMr. Egger exercised all of his warrants and RSU’s, and no otherholders of convertible securities exercised or converted any of theirsecurities.

The Acquired Shares were acquired for investmentpurposes. Depending on market conditions, the Acquiror may, from timeto time, acquire additional securities, exercise convertiblesecurities, dispose of some or all of the existing or additionalsecurities or may continue to hold the securities of theCompany.

About Spartan Metals Corp.

Spartan Metals is focused on developing criticalminerals projects in well-established and stable mining jurisdictionsin the Western United States, with an emphasis on building a portfolioof diverse strategic defense minerals such as Tungsten, Rubidium,Antimony, Bismuth, and Arsenic.

Spartan’s flagship project is the Eagle Project ineastern Nevada that consists of one of the highest-grade historictungsten resources in the USA (the past-producing Tungstonia Mine)along with significant under-defined resources consisting of:rubidium; antimony; bismuth; indium; as well as precious and basemetals. More information about Spartan Metals can be found atwww.SpartanMetals.com  

On behalf of the Board of Spartan

“Brett Marsh”

President, CEO & Director

Further Information:

Brett Marsh, M.Sc., MBA, CPG

President, CEO & Director

1-888-535-0325

info@spartanmetals.com

Neither the TSX Venture Exchange norits Regulation Service Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this press release

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