VanSpar Mining Inc.

a subsidiary of

VANADIUM FLOW BATTERIES

Large Scale Energy Storage

VanSpar 斯帕顿钒业

FORWARD LOOKING STATEMENTS

This presentation does not constitute or form part of, and should not be construed as, an offer to sell or issue or the solicitation of an offer to buy or acquire securities of the Company or any of its subsidiaries nor should it or any part of it, not the fact of its distribution, form the basis of, or relied on in connection with, any contractor commitment whatsoever. This presentation has been prepared by, and is the sole responsibility of, the Company. This document, any presentation made in conjunction here with and any accompanying materials are for information only and are not a prospectus, offering circular or admission document. This presentation does not form a part of, and should not be construed as, an offer, invitation or solicitation to subscribe for or purchase, or dispose of any of the securities of the companies mentioned in this presentation. These materials do not constitute an offer of securities for the sale in Canada, the United States or else where or an invitation or an offer to the public or form of offer or commitment whatsoever. The information contained in this presentation has not been independently verified. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy or completeness of the information or the opinions contained herein. The Company and its advisors are under no obligation to update or keep current the information contained in this presentation. To the extent allowed by law, none of the Company or its affiliates, advisors or representatives accept any liability whatsoever(in negligence or otherwise)for any loss how so ever arising from any use of this presentation or its contents or otherwise arising in connection with the presentation. Certain statements in this presentation constitute forward-looking statements, including statements regarding the Company’s financial position, business strategy, plans and objectives of management for future operations. These statements, which contain the works "believe", "expect", "anticipate", "intends", "estimate", "forecast", "project", "will", "may", "should", "could", and similar expressions, reflect the beliefs and expectations of the management board of directors of the Company and are subject to risks and uncertainties that may cause actual results to differ materially. These risks and uncertainties include, among other factors, the achievement of the anticipated levels of profitability, growth, cost and synergy of the Company’s recent acquisitions, the timely development and acceptance of new products, the impact of competitive pricing, the ability to obtain necessary regulatory approvals, and the impact of general business and global economic conditions. These and other factors could adversely affect the outcome and financial effects of the plans and events described herein. Neither the Company, nor any of its respective agents, employees or advisors intend or have any duty or obligation to supplement, amend, update or revise any of the forward-looking statements contained in this presentation. The information and opinions contained in this document are provided as at the date of this presentation and are subject to change without notice. This document has not been approved by any competent regulatory or supervisory authority.

VanSpar 斯帕顿钒业

VANADIUM

USES: Steel Industry & Alloys 85% other(includes batteries) 15%

Barrack Obama championed “multi-megawatt vanadium

redox fuel cells” for mass-storage batteries as

“one of the coolest things I’ve ever said out loud”

VanSpar is addressing Major Growth Opportunities in small and large storage batteries for solar/wind energy as well as electric and hybrid vehicles Vanadium Redox Batteries(VRB) are also widely known as “Flow Batteries”

March 2013

Ref: http://benchmarkminerals.com/Blog/batteries-core-

to-a-fourth-industrial-revolution-world-economic-forum/

“BATTERIES CORE TO A FOURTH INDUSTRIAL REVOLUTION”

A presentation by World Economic

Forum founder Klaus Schwab

“…energy storage, and the batteries that will make this possible

on a mass scale, are key to a fourth industrial revolution”

Davos, Switzerland - February 1, 2016

March 2013

Framing the next frontier in clean technology

– Electrical Energy Storage

GOLDMAN SACHS REPORT – October 2015

The Great Battery Race

Battery technology is at the center of this

potentially seismic shift in how the grid

operates

In the USA alone, grid connected energy storage is a US$150 billion

opportunity

Goldman Sachs recently estimated that flow batteries are 50% lower in

cost than Lithium on a Level Cost of Storage (LCOS) basis

Flow batteries expected to be almost 20% of global storage markets;

growing at a >35% Growth Rate through 2025 (source: Navigant Research)

THE ENERGY STORAGE OPPORTUNITY

THE ENERGY STORAGE OPPORTUNITY continued

Flow batteries attracted $120 million in VC

investment in 2015, the most in energy storage

(source: Mercom Capital)

No company has more flow battery experience

than VRB, with $70 million in flow battery

development and deployment invested over the

past 10 years; 20 MWh of systems deployed at

over 50 sites since 2007

VRB products have over 800,000 hours of

factory reliability testing, and a robust IP

portfolio of over 60 patents and trademarks

March 2013

ADVANCED BATTERY ENERGY STORAGE(ABES) AND

REVENUE BY REGION – WORLD MARKETS:

March 2013

TOTAL ADDRESSABLE MARKET (TAM) FOR

ELECTRICAL ENERGY STORAGE (EES)

APPLICATION

March 2013

INSTALLED REVENUE, ENERGY STORAGE FOR WIND AND

SOLAR INTEGRATION WORLD MARKETS: 2015 - 2024

R

eve

nu

e

(VRB)

Advantages of VRB

Vanadium Redox Batteries vs. Lithium Batteries

VANADIUM

Redox

LITHIUM

Number of Cycles 100,000+ (20-30 yrs) 3000-10,000 (5-7 yrs)

Low Self-discharge √ X

Low Environmental Footprint √ X

Highly Expandable √ X

Generates Low Levels of Heat √ X

Charges and Discharges Modules Simultaneously √ X

Can Release Energy Instantaneously √ X

Suitable for Connection to Power Grid √ X(Without Inverters)

Small Footprint X √

CAN be Completely Recycled yes no

Source: Wanted: Vanadium Supply The Next Rare Earth Scenario

By Nick Hodge. Energy and Capital.com December 2011

March 2013

LEVELIZED COST OF STORAGE (LCOS)

Vanadium Redox Batteries(Flow)

V2O5

VANADIUM PENTOXIDE

Regenerative Fuel Cell

“Stack”

Ion Collective

Membrane

Electrode

Concept of a Redox Flow Battery System

Electrolyte

V+2,V+3 sulphate

Electrolyte

V+4.V+5 sulphate

Power Source / Load

Electrolyte

tank

Electrolyte

tank

Pump Pump

March 2013

VRB’s systems have been reviewed and validated by TUV, a leading third-party certification body

SAFETY

March 2013

No company has more flow battery experience than VRB, with

$70 million in flow battery development and deployment invested

Over the past 10 years, 20 MWh of systems deployed at over 50 sites

VRB products have over 800,000 hours of factory reliability testing

Robust IP portfolio

of over 60 patents

and trademarks

VRB – PROVEN TRACK RECORD

INSTALLED SITES

Utah,

USA

March 2013

The Company has just commissioned the largest flow battery for China

State Grid, the world’s largest utility; the 2MW - 8MWh system passed

intensive grid smoothing and balancing tests at the Zhangbei 600MW

wind-solar-storage project outside Beijing.

US$4.4M ongoing revenue expected.

It also completed validation testing of its Gen2 VRB product in 2015;

Gen2 uses the same core stack technology but represents a 30% cost

reduction and 10% improvement in performance vs Gen1

VRB – PROVEN TRACK RECORD (continued)

March 2013

8 MEGAWATT HOUR BATTERY

STACK

MODULES

POWER CONTROL

SYSTEMS

March 2013

8 MEGAWATT HOUR BATTERY TANK –STACK CONNECTIONS

March 2013

ELECTROLYTE TANKS

March 2013

1 cell stack

5-10 kW x 4 hours system rating

5-10 kW x 8 hours system rating

Applications:

Telecom base stations

Remote area power supplies.

VRB ENERGY STORAGE SYSTEM

Small Scale

March 2013

VRB ENERGY STORAGE SYSTEM

Large Scale

12 cell stacks

250kW or 350kW module rating

Modules assembled into MW blocks

Systems up to 10MW and 80MWh

Applications:

Wind and Solar Farms

Peak Shaving

Microgrids

March 2013

VRB KEY MANAGEMENT

JAMES STOVER, Chief Executive Officer As the former Vice-President of International Business of VRB, Mr. Stover brings an invaluable

perspective to leading the team. He has over 20 years experience as an executive, specializing in

clean technology and international business.

Prior to VRB, he was VP Asia for Northern Power Systems (TSX: NPS), where as part of senior

management he helped recapitalize the wind turbine division, eventually raising $130 million from

venture capital and other sources. He is fluent in Mandarin and Russian.

MIANYAN HUANG, Ph.D., Chief Technical Officer Dr. Huang is the Chief Technical Officer of VRB and has over 15 years of experience in fuel cell

and flow battery material and product development. He is the chief scientist on large-scale PRC

Energy Storage System programs, and received the honor of Beijing Science and Technology

Star Achievement Award 2011. Dr. Huang is a leading member of State 863 Program.

He holds a Chemical Engineering Doctorate from Tianjin University.

CHARLES GE, MA, Managing Director, China Mr. Ge has English and International Law Degrees from Beijing University and has over 30

years’ experience in China resource and clean energy project development and online financial

services. He is a former senior executive of the Stock Exchange Executive Council (SEEC) and

Hexun, a leading PRC financial service portal platform, and served as president of the

China operations of the Quam Group (HKSE: 0952).

March 2013

WINFIELD DING, CPA, BA, MBA, Chief Financial Officer Winfield Ding has extensive experience as financial manager for a large number of multinational

public and private companies in the resource, agricultural, energy and wood industries.

He is fully familiar with PRC and western accounting standards and business practices.

A. LEE BARKER, M.Sc. (App.), P.Eng. Chairman Lee Barker is President and CEO of Sparton Resources Inc. parent of VanSpar, the lead investor

in VRB. Mr. Barker has held senior management positions in a number of resource related

companies. Mr. Barker has presented at the International Flow Battery Forum Conference and

maintains contacts with major flow battery manufacturers around the world.

RICHARD WILLIAMS, LLB. Lead Director

Richard Williams is a senior executive with special focus on international corporate commercial

transactions. He has over 35 years of international business experience. He has directly managed

multi-million dollar transactions and has 30 years of experience in raising funds in capital markets.

He is a director of several public companies and an advisor to a number of private companies.

VRB KEY MANAGEMENT (continued)

DIRECTORS

Sparton Resources Inc (TSX.V- SRI)

111,375,460 shares issued fully diluted

Recent Share Price $0.04-0.05

Market Cap ~ $5 Million

SRI owns 90.42% of VanSpar

5 year VRB proforma NAV = ~ $US180M @13% Discount Rate

Year 5 EBITDA = $US 73M

IRR = ~30%

Net margins after tax =20-25%

Significant Investment Opportunity

INVESTMENT SUMMARY

A SUBSIDIARY OF SPARTON RESOURCES INC.

FOR FURTHER INFORMATION: 更多信息请联系：

Lee Barker Tel：+1 - 416 -16 -762 Email: info@spartonres.ca Richard Williams Tel : +1-416 -364 -3123 Email: rickw@wasecoresources.com Charles (Qiming) Ge Tel: +86-18670107777 Email: charlesge@vip.163.com