| | Sparton Resources Inc. (SRI:TSX-V) (the "Company") is pleased to announce that World Finance Magazine (www.worldfinance.com) has given Sparton its 2010 Best Clean Technology - Asia Award for the Company?s innovative technology that can economically source nuclear fuel while resolving the issue of dealing with certain types of radioactive waste. | Sparton?s subsidiary company Sparton Energy Inc. (?SEI?) received the award through a nomination process initiated by World Finance?s subscribers and adjudicated by an independent panel of judges. The current award follows increasing international recognition of Sparton?s secondary uranium recovery programs in China which were previously highlighted in the April 8, 2010 issue of the Economist Magazine, and the February 22, 2010 edition of the Wall Street Journal.
The announcement of the Award and a detailed description of Sparton?s programs, which focuses on the unique joint venture with the China National Nuclear Corporation to extract uranium from waste coal ash and other forms of uranium bearing waste, may be read in the virtual or hard copy editions of the July-August issue of World Finance, and on the Sparton Company website (click here).
At the present time Sparton is the only foreign company permitted to produce uranium from any type of source material in China. About World Finance
World Finance is a leading financial magazine, produced every two months by World News Media from its global Headquarters in London England. The publication generates a timely and comprehensive information package of international financial, and socio-economic news and provides in depth analyses of current economic and technology trends
Sparton Resources Inc. is a Canadian mining and exploration company presently operating (through SEI) a producing germanium mine in China, and developing a secondary uranium recovery business in China and Canada from radioactive waste such as coal ash, mine waste and tailings, and other types of material.
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| Award presented to Sparton | |
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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.
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