Mr. Tony Peticca reports

SPARTA PROVIDES UPDATE ON DELAY IN FILING ANNUAL FINANCIAL STATEMENTS

Sparta Capital Ltd. is getting closer to filing its annual financial statements. This is an update to its Feb. 26, 2025, news release that indicated the company is under a failure to file cease trade order (the FFCTO), issued by the Alberta Securities Commission (ASC). The FFCTO is in place because the company was unable to file its annual financial statements for the year ended Sept. 30, 2024, including the related management's discussion and analysis (MD&A) and certifications from the CEO (chief executive officer) and CFO (chief financial officer) (the annual filings) in time to meet the Jan. 29, 2025, filing deadline.

Sparta management report that the delay in filing the annual filings is related to an overload of primary work for both Sparta and its auditors.

The FFCTO restricts all trading in securities of the company and is in effect until the principal regulator receives notice that all filings the company was required to make have been filed. The company expects to file the annual filings this month (April, 2025).

Until the annual filings are filed, the company intends to satisfy the provisions of the Alternative Information Guidelines set out in National Policy 12-203 - Cease Trade Orders.

Sparta management have indicated that in the meantime, it is business as usual. In fact, the Environment division (ERS) has completed the first phase of testing of the NeoSort nanotechnology system and has already begun the second phase of testing with partners in Sweden. At the same time, the e-waste recycling facility in Toronto has been securing more customers as word spreads about the benefits of the company's carbon credit program.

About Sparta

Sparta Group (a.k.a. Sparta Capital Ltd.) is a technology-based company focused on integrating emerging technologies. It operates with a decentralized business model, with each active business functioning as a separate subsidiary. This structure provides brand recognition, insight, high-level strategic guidance, and financial monitoring. Sparta Group is divided into three operational business segments, each accountable for its day-to-day operations and performance. Those segments are, Environment, Energy, and Innovation.

Sparta is a publicly traded company listed on the TSX Venture Exchange Inc. under the symbol "SAY" (TSX.V: SAY). Additional information is available at www.spartagroup.ca or on SEDAR+ at www.sedarplus.ca

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