Sparton Resources Inc. (TSX VENTURE: SRI) (the "Company") reported today that pursuant to the Amending Agreement with Vendors Crescent Valley Minerals Inc., Aquarian Mining Exploration Inc. and William Fyvie Holdings Ltd. ('WFHL'), regarding the original assignment agreement for the lease of the SBD claims in the Battle Mountain area of Nevada, the Company has elected to pay the 2008 Advance Royalty Payment of USD$75,000 in Sparton common shares. (See Sparton News Release dated June 7, 2007.)

The payment of US$75,000 to the Vendors, will be made by issuing 366,312 common shares of the Company equal in value to the Advance Royalty Payment. The number of shares is calculated by the value of the cash amount of US$75,000, divided by the weighted average trading price of the Company's common shares listed on the TSX Venture Exchange for the period of five trading days ending on the due date of such Advance Royalty Payment, being March 17, 2008, (Cdn$0.2046 per share) and divided by the US$ - Cdn$ exchange rate as at closing price on March 17, 2008 (US$1.00 equals Cdn$0.9993). Issuance of the shares in satisfaction of the advance royalty payment is subject to regulatory approval.

Sparton's international exploration 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.

SPARTON RESOURCES INC. Company website: www.spartonres.ca
Listed:TSX Venture Exchange
Trading Symbol: SRI.

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