SPARTON RESOURCES INC.

Sparton Resources Inc. (SRI: TSX-V) (the "Company")announced today that it has exercised its option to  complete the initial acquisition phase of a  65%  interest in the Guojiaping Exploration Licence in Jiangxi Province, China which contains  a significant vanadium deposit and several zones of uranium mineralization. Completion of this transaction followed receipt and review of a positive National Instrument 43-101 compliant Independent Technical Report by Quest Geological Consultants of Reno Nevada USA, for the Guojiaping Project.

Sparton subsidiary Yunnan Sparton EnvironTech (?YSET?) has made an initial payment of 3 million RMB (approximately CAD $450,000) to Team 267 of the Exploration Bureau of the Jiangxi Nuclear Industry (?267?) which holds, and has completed the initial evaluation of the Guojiaping Exploration Licence.

DISCUSSION
Sparton?s management is delighted to have received independent confirmation of the economic potential at Guojiaping and will continue working on the evaluation and acquisition of the vanadium and uranium deposits on the Licence. The Company has been fully supported by its new Chinese partners on this unique project, and by ARCN, the Remote Sensing Branch of the China National Nuclear Corporation (?CNNC?). This support clearly illustrates the social licence Sparton has received in PRC for its initiatives in evaluation of the vanadium opportunity and its environmental cleanup programs in secondary uranium production. 

As a current specialty metal producer in PRC (germanium production in Yunnan) the vanadium project fits well with the Company?s initiatives to identify and develop new opportunities to supply specialty metals for newly developing energy saving applications. Many new opportunities have been received through its strong relationships with CNNC and these are expected to continue. The potential to extract uranium from new non conventional sources is also a significant step for Sparton?s established and environmentally positive, clean tech uranium extraction programs from various forms of waste material.

TRANSACTION STRUCTURE
The acquirer, YSET is a Sino-foreign joint venture company which is 30% owned by ARCN, and 70% owned by Sparton. The Company, through YSET, now has the legal right to acquire a 65% interest in Green River Mining (?GRM?) which will own and operate the development of Guojiaping Licence area (see Sparton news release dated November 23, 2009).

This payment was made in accordance with a prepayment agreement negotiated between the Company and 267 following completion of the due diligence program and completion and receipt of the Independent Technical Report by Quest. The payment will be credited towards the full purchase price of 45 million RMB according to the original option agreement between 267 and YSET (see Sparton news release dated November 23, 2009). A final comprehensive purchase agreement is under negotiation with 267 and will include a schedule of additional payments to complete the acquisition which will be tied to technical and regulatory milestones.

Green River Mining is a Sino Foreign Joint Venture Company owned 65% by YSET and 35% by 267.  The Guojiaping licence contains a large shale hosted vanadium deposit with associated uranium mineralization which has been explored by 267 since May, 2007. Under related agreements ARCN will only participate in development of the uranium mineralization in the licence and vanadium development will be completely for Sparton?s account through its 65% interest in Green River.                                      
Sparton's unique international exploration, development, 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.

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This press release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Generally, forward-looking statements can be identified by the use of forward- looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "planned", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may" ,"could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, closing of transactions, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to exploration and development, the environment, local and foreign government regulation, currency fluctuation infrastructure, capital markets and additional funding requirements and the departure of key executives as well as those factors discussed in the Company's documents filed on SEDAR (www.sedar.com).


Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements that are contained herein, except in accordance with applicable securities laws. Further information on Sparton Resources Inc. is available at www.sedar.com.


This news release and the information contained herein does not constitute an offer of securities for sale in the United States and securities may not be offered or sold in the United States absent registration or exemption from registration.

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