Mr. Tony Peticca reports

SPARTA UPDATES DELAY IN FILING ANNUAL FINANCIAL STATEMENTS

Sparta Capital Ltd. is close to completing its annual financial statements for the year ended Sept. 30, 2025, and will file on or before Feb. 27, 2026. This is an update to its Jan. 29, 2026, news release (default announcement), indicating it had filed an application seeking a management cease trade order (the MCTO) under National Policy 12-203 from the Alberta Securities Commission (ASC).

Sparta filed an application seeking an order for a MCTO from the ASC because the company was unable to file its annual financial statements for the year ending Sept. 30, 2025, including the related management's discussion and analysis and certifications from the CEO (chief executive officer) and CFO (chief financial officer) (the annual filings), in time to meet the Jan. 28, 2026, filing deadline. The delay in filing the audited statements is due to time constraints of the auditor and continuing requests for more information from the Issuer.

The annual financial statements are currently undergoing a final review before submission.

The MCTO restricts all trading in securities of the company by the chief executive officer and chief financial officer of the company until the MCTO is no longer in effect. The MCTO will be in effect until two full business days following the receipt of the principal regulator that all filings the issuer was required to make have been filed.

Until the annual filings are filed, the company intends to satisfy the provisions of the Alternative Information Guidelines set out in National Policy 12-203 -- Management Cease Trade Orders.

The company confirms that, other than what was disclosed in prior press releases, there have been no material business developments since the filing of the company's latest interim financial report.

About Sparta Capital Ltd.

Sparta Group (also known as Sparta Capital) is a technology-based company focused on integrating emerging technologies. It operates with a decentralized business model, with each active business functioning as a separate subsidiary. This structure provides brand recognition, insight, high-level strategic guidance and financial monitoring. Sparta Group is divided into three operational business segments, each accountable for its day-to-day operations and performance. Those segments are environment, energy and innovation.

Sparta is a publicly traded company listed on the TSX Venture Exchange under the symbol SAY (TSX-V: SAY).

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