Mr. Jay Richardson reports

ENERSPAR ANNOUNCES NEW DIRECTOR AND UPDATES ON ALTERNATIVE TRANSACTION

Enerspar Corp. has elected Donal Carroll, CPA, CMA, to its board of directors. Mr. Carroll is an experienced senior financial executive with extensive experience in mergers and acquisitions and presently serves as interim chief financial officer of FSD Pharma Inc., a large indoor hydroponic cannabis producer in Cobourg, Ont. Mr. Carroll also is a director of Bird River Resources Inc., World Class Extractions Inc. and Alkaline Springs Inc.

Mr. Carroll will also be appointed chair of the company's audit committee, making it comprise entirely independent directors.

Mr. Richardson welcomed him to the board by saying, "Donal's addition to the board is a significant strengthening in several areas, and I look forward to working with him as we move forward on multiple fronts."

Mr. Carroll was granted 100,000 options to acquire Enerspar shares at a price of 5.5 cents for a period of three years, expiring Aug. 15, 2021, from the company's incentive option plan.

At the same time, Mr. Richardson said: "We continue to pursue the possibility of an alternative transaction and are now focused on two worthy propositions being put forward that we find particularly exciting. While we have not yet entered into a letter of intent, we are optimistic and assure our shareholders and other interested parties that any such action would be accompanied by an immediate press release to ensure timely and uniform disclosure to all."

About Enerspar Corp.

Enerspar is an exploration company focused on industrial minerals oriented to today's and future energy requirements.

We seek Safe Harbor.