NOT FOR DISSEMINATION IN THE U.S. OR THROUGH U.S. NEWS WIRE SERVICES

Sparton Resources Inc. (TSX VENTURE:SRI) (the "Company") announced today that
Quam Ventures (BVI) Limited ("Quam") has exercised its right of conversion
pursuant to the bridge facility agreement entered into between the Company and
Quam on September 30, 2008 (the "Agreement") and the amended agreement entered
into on October 2, 2008 between the Company, Sparton Energy Inc. ("SEI"), a
subsidiary of the Company, Quam, and Sparton Holdings Inc. (the "Amended
Agreement"). The Agreement and Amended Agreement entitled Quam to convert
2,648,700 preference shares of SEI into an aggregate of 3,555,555 common shares
in the capital of the Company. 


This news release and the information contained herein does not constitute an
offer of securities for sale in the United States and securities may not be
offered or sold in the United States absent registration or exemption from
registration.


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