Sparton Resources Inc.
TSX VENTURE : SRI

Sparton Resources Inc.

March 03, 2008 08:30 ET

Sparton Receives Patent for the Extraction and Recovery of Uranium from Coal Ash in China

TORONTO, ONTARIO--(Marketwire - March 3, 2008) - Sparton Resources Inc. (TSX VENTURE:SRI) (the "Company") reported today that its 90% owned China based subsidiary, Beijing Sparton Mineral Resources Investment and Consulting Co. Ltd. has received notification from the State Intellectual Property Bureau of the Peoples Republic of China that it has been granted a Patent for the "Extraction and Recovery of Radioactive Uranium from Coal Ash". The Company will now complete the final registration documents for the Patent and is expected to receive the final Patent Certificate within the next 30 days.

This Patent represents an major milestone in Sparton's ongoing program to begin uranium production from waste ash sources in China. As a crucial development in the secondary uranium recovery program it now means that the Company and its operating partner ARCN, the China National Nuclear Corporation subsidiary, are positioned with commercial protection from competition in uranium production from waste coal ash material in PRC.

NEW JV OPERATING COMPANY

As previously reported (see news release dated January 29, 2008), a new operating company, Yunnan Sparton New Environ-Tech Consulting Co. Ltd. ("YSN") has been formed and is structured as an environmental solutions company which can utilize waste coal ash or other waste industrial material for the extraction of valuable materials including uranium. These activities are now encouraged for foreign investment by the PRC Central Government and are eligible for government and local financial institution funding assistance.

YSN will be responsible for all waste testing, development and production of uranium from waste ash material in Yunnan including the current programs evaluating the Lincang, and Xiaolongtan waste ash deposits.

DISCUSSION

This patent is a unique document and believed to be the first of its kind ever granted to a foreign company in China for the application of a specific application of process engineering technology. It reinforces Sparton's unique position as a pioneer in the utilization of readily available waste material such as coal ash as a source of clean energy fuel for the nuclear power industry.

Sparton and its Directors and strategic partners invite all interested parties to visit the Company Booth Number 2340 in the Investors Exchange, at the PDAC International Convention and Trade Show in the Metro Toronto Convention Centre South Building from March 1-5, 2008 for complete updates on all the Company activities.

Sparton's international exploration and evaluation programs are being carried out under the direct supervision of A. Lee Barker, P. Eng., P Geol., the Company's President and CEO who is a Qualified Person under National Instrument 43-101.

The TSX Venture Exchange has not reviewed and does not accept responsibility for adequacy or accuracy of the content of the information contained herein.

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