Spark Energy Minerals Inc., (Spark or the Company) entered into a mineral claims purchase agreement dated March 8, 2023, with Talisman Venture Partners Ltd. (Talisman), pursuant to which the company will acquire from Talisman a 100% ownership interest in 6 (six) exploration permits, known as the Nova Energia Property, comprising approximately 8,631 thousand hectares (8.6k ha) of surface area in Minas Gerais, Brazil. The licenses surround Spark Energy's current 3,500 hectare Property. The transaction: Pursuant to the terms of the agreement and in order to complete the transaction, shall pay to Talisman: $100,000 CDN on signing of the agreement; Issue Talisman 10,000,000 units of the Company.

Each unit will consist of one common share of the Company and an additional warrant giving the unit holder the right to purchase an additional share of the Company at $0.15. The warrant will have a 2 year term attached. Talisman shall retain a 1% N.S.R. The Company can purchase %0.5 from Talisman at any time for $1,000,000 CDN.