Vancouver, BC, Canada – TheNewswire - April 5, 2024 – Sparx Technology Inc. (TSXV:SPRX) (“Sparx” or the “Company”) announces that it has been advised by the TSX Venture Exchange ("Exchange") that its listing will be transferred to the NEX Board (“NEX”) of the Exchange effective as of the opening of trading on April 8, 2024. The transfer to NEX is being made as a result of the Company not meeting the criteria of Exchange Policy 2.5 - Tier 2 continued listing requirements ("CLR"). NEX is a separate trading board of the Exchange which provides a trading forum for issuers that do not meet the Exchange's CLR.

The Company's trading symbol will change from SPRX to SPRX.H on the effective date as a result of the transfer. The .H symbol extension differentiates NEX symbols from other symbols on the main stock list of the Exchange. There is no change in the Company's name, no change to its CUSIP number and no consolidation of its capital. Upon completion of the sale of the Company’s operating assets and reorganization (see April 1, 2024 news release), the Company will focus on reviewing and identifying new opportunities that will qualify the Company to return its listing to Tier 2 of the Exchange.

On behalf of the Board

Al Thorgeirson

CEO and President

For further information, please contact:

Al Thorgeirson

CEO and President

(403) 471-3503

al@sparxtechnology.com

Investor relations: investor@sparxtechnology.com

ABOUT SPARX:

Sparx is a publicly traded company currently undergoing a reorganization and once completed, will  focus on identifying new opportunities.

Neither 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.

Forward-Looking Statements

Statements included in this news release, including statements concerning the Company’s plans, intentions, and expectations, which are not historical in nature, are intended to be, and are hereby identified as, “forward‐looking statements”. Forward‐looking statements may be, but are not always, identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that forward‐looking statements ,  are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward‐looking statements. There can be no assurance that any forward-looking statement will prove to be accurate or that management's assumptions underlying such statements  or future developments, circumstances or results will materialize. The forward-looking statements included in this news release are made as of the date of this news release and the Company does not undertake to update or revise any forward-looking information included herein, except in accordance with applicable securities laws.