SRI Sparton Resources Inc

SPARTON RESOURCES INC. (TSX VENTURE:SRI), (the "Company') is pleased to announce
the start of a 3,300 meter drill program on its Hammond Gold Area Properties,
near Atikokan, Ontario, which are currently joint-ventured with Osisko Mining
Corp. ("Osisko") (TSX:OSK)(FRANKFURT:EWX). (See Sparton News Release dated March
21, 2011). 


Sparton's claims straddle Osisko's Hammond Gold Project property, which hosts a
NI 43-101 compliant global inferred resource of 10.52 million ounces gold. (See
Osisko News Release dated November 8, 2011).


Osisko has confirmed that the diamond drilling program will commence towards the
end of November 2011, and will focus on the West Hammond claim area. Access
roads and drill site preparation have been completed and equipment is being
mobilized to the area. Initially, 6 to 8 holes are planned, for a total of
approximately 3,300 meters. These are designed to follow-up, at depth, the
earlier discoveries by Sparton at the south end of the West Hammond claim block,
where several wide, shallow, gold intersections were found in past drilling.
These include 0.74 gm of gold over 14.8 meters and 0.80 gm of gold over 7.5
meters (See Sparton Press Release dated March 1, 2010). 


The mineralization in these holes is hosted in a 50-200 meter wide zone of
highly sheared, silicified and mineralized granitic rocks with variable amounts
of altered intercalated mafic and intermediate volcanic material. This style of
mineralization is similar to that of the Osisko Hammond Reef Deposit.  


Osisko, as the program operator, has completed a comprehensive surface
exploration program, approved earlier by the project management committee.
Approximately 2,700 outcrops were prospected and over 1,400 whole rock samples
have been taken on both the West Hammond and Clement Lake Claim groups. To
facilitate the prospecting and sampling, 125 km of new grid lines were cut on
the West Hammond claims. 


A 27.5 line km soil sampling program was also carried out to cover new
occurrences found at the north end of the West Hammond Claim block in the
Sawbill Grid Area, where grab samples returned values ranging from 0.105 to 6.86
g/t Au. An induced polarization survey and ground magnetic survey were also
completed in the southern portion of the same claim block. Targets generated by
this work may be considered for drilling as well.


The work being carried out by Osisko is part of a $12 million earn-in, of which
the initial year's expenditure was to be a minimum of $1 million dollars. The
parties have recently agreed to extend the expenditure period for a further 120
days, to March 10, 2012, and the subsequent annual expenditure periods from
November until the respective year ends. 


Sparton Resources Inc. is a Canadian mining and exploration company focused on
gold exploration in Canada. It is also presently operating (through its
subsidiaries) a producing germanium mine in China, and developing secondary
uranium recovery businesses there from radioactive waste such as coal ash, mine
waste and tailings, and other types of material. It is also developing a world
class vanadium resource in southern China.


Statements in this release that are forward-looking statements are subject to
various risks and uncertainties concerning the specific factors disclosed under
the heading "Risk Factors" in the Company's filings with Canadian securities
regulators. Such information contained herein represents management's best
judgment as of the date hereof based on information currently available. The
Company does not assume any obligation to update any forward-looking statements,
save and except as may be required by applicable securities laws.


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.


We Seek Safe Harbour.

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