File: '\\swfile\EmailIn\20260630 204042 Attachment Sparrowhawk - Press Release - closing of private placement June 30-2026.docx'

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NEWS RELEASE

SPARROWHAWK OPPORTUNITY CORP. ANNOUNCES CLOSING OF PRIVATE PLACEMENT FINANCING

Vancouver, British Columbia - June 30, 2026 - Sparrowhawk Opportunity Corp. (the "Corporation" or "Sparrowhawk") (TSXV: SHK.P) is pleased to announce that it has closed its previously announced non-brokered private placement (the "Offering"). Pursuant to the Offering, 1,120,000 common shares at a price of $0.05 per share were issued, for gross proceeds of $56,000.

Proceeds from the financing will be used for general working capital purposes as the Corporation continues to pursue a Qualifying Transaction under the rules of the TSX Venture Exchange (the "TSXV").

All securities issued under the Offering are subject to a four-month-and-one-day statutory hold period in accordance with applicable Canadian securities laws. The Offering remains subject to final acceptance by the TSXV.

No finder's fees were paid in connection with the Offering.

Certain insiders of the Corporation (within the meaning of the rules and policies of the TSXV) (the "Insiders") have acquired an aggregate of 120,000 common shares of the Corporation in connection with the Offering. The Insiders' participation in the Offering therefore constitutes a "related-party transaction" within the meaning of TSXV Policy 5.9 and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Corporation is relying on exemptions from the formal valuation and minority security holder approval requirements of the related-party rules set out in sections 5.5(b) and 5.7(b) of MI 61-101. The Corporation did not file a material change report more than 21 days before the closing of the Offering as the details of the Offering and the participation therein by each "related party" of the Corporation were not settled until shortly prior to the closing of the Offering, and the Corporation wished to close the Offering on an expedited basis for sound business reasons.

Sparrowhawk, a capital pool corporation within the meaning of the policies of the TSXV, does not have any operations and has no assets other than cash. The most recent working capital balance as at December 31, 2025, was $103,597.

The Corporation's business is to identify and evaluate businesses and assets with a view to completing a Qualifying Transaction under the policies of the TSXV. The Corporation will continue actively looking for a suitable Qualifying Transaction.

Cautionary Note Regarding Forward-looking Statements

This news release contains forward-looking statements that involve risks and uncertainties that could cause the results of Sparrowhawk to differ materially from management's current expectations. Actual results may differ materially due to a number of factors including, among others, that Sparrowhawk may not find a target business for its Qualifying Transaction. The matters discussed in this news release also involve risks and uncertainties described in Sparrowhawk's documents filed from time to time with the Canadian securities regulatory authorities. Sparrowhawk assumes no obligation to update the forward-looking information contained in this new release.

For further information, please contact:

Sparrowhawk Opportunity Corp.

Hillar Lilles, CEO, CFO and Director

Hillar@lilles.ca

(403) 608-2896

NEITHER THE 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.