Sparton Resources Inc.
TSX VENTURE : SRI

Sparton Resources Inc.

April 16, 2015 08:17 ET

Sparton Enters Settlement Agreement Respecting Claim Against Anthem Resources Incorporated, Boss Power Corp., Blizzard Uranium Corp., and the Province of British Columbia

TORONTO, ONTARIO--(Marketwired - April 16, 2015) - Sparton Resources Inc. (TSX VENTURE:SRI) announces that it has entered into a settlement agreement (the "Settlement Agreement") with Anthem Resources Incorporated ("Anthem"), Boss Power Corp. ("Boss Power"), Blizzard Uranium Corp. ("Blizzard"), and the Province of British Columbia (the "Province").

The Settlement Agreement provides for the full and final settlement of any claim Sparton may have against Anthem, Boss Power, Blizzard, and the Province, or any of them.

In consideration of the settlement Anthem will pay Sparton the sum of $340,000 and transfer to Sparton or its designee(s) 2,200,000 common shares of Sparton currently held by Anthem.

Anthem, Boss Power and Blizzard also agreed to provide Sparton with a release respecting any claim they may have against Sparton.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

We Seek Safe Harbour

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