SPARC AI Market Activity

(TheNewswire)

17 March 2026 – TheNewswire -At the request of CIRO, SPARC AI INC(CSE:SPAI) (“Company”)wishes to confirm that the Company’s management is unaware of anymaterial change in the Company’s operations that would account forthe recent increase in market activity.

This news release may contain assumptions, estimates,and other forward-looking statements regarding future events. Suchforward-looking statements involve inherent risks and uncertaintiesand are subject to factors, many of which are beyond theCompany's control that may cause actual results or performance todiffer materially from those currently anticipated in suchstatements.

For further informationcontact:

Anoosh Manzoori, Chief Executive Officer

SPARC AI Inc.

E-mail: anoosh@sparcai.net
Web : http://www.sparcai.co

Tel: (213) 459-3994

Cautionary StatementRegarding Forward-Looking Statements

This news release contains “forward-lookingstatements” or “forward-looking information” (collectively,“forward-looking statements”) within the meaning of applicablesecurities legislation. All statements, other than statements ofhistorical fact, are forward-looking statements and are based onexpectations, estimates and projections as of the date of this newsrelease. Forward-looking statements include, but are not limited to,statements regarding: the filing of the OfferingDocument, the anticipated participation of management in the Offering, the intended use of proceeds from theOffering, the expected timing for completion ofthe Offering and other factors or information.

Forward-looking statements are subject to a variety ofknown and unknown risks, uncertainties and other factors that couldcause actual events or results to differ from those expressed orimplied by forward-looking statements contained herein. There can beno assurance that such statements will prove to be accurate, as actualresults and future events could differ materially from thoseanticipated in such statements. Certain important factors that couldcause actual results, performance or achievements to differ materiallyfrom those in the forward-looking statements are highlighted in the“Risks and Uncertainties” in the Company’s management discussionand analysis.

Forward-looking statements are based upon a number ofestimates and assumptions that, while considered reasonable by theCompany at this time, are inherently subject to significant business,economic and competitive uncertainties and contingencies that maycause the Company’s actual financial results, performance, orachievements to be materially different from those expressed orimplied herein. Some of the material factors or assumptions used todevelop forward-looking statements include, without limitation: thefailure to complete the Offering; reliance on key management and otherpersonnel; potential downturns in economic conditions; competitionfrom others; market factors, including future demand productsdeveloped by the Company; the policies and actions of foreigngovernments, which could impact the ability of the Company tosuccessfully market its products; the Company’s expectations inconnection with the development of the Target Acquisition System; theeffectiveness of the Target Acquisition System; changes in nationaland local government legislation, taxation, controls or regulationsand/or changes in the administration or laws, policies and practices;the impact of general business and economic conditions; currency exchangerates; and the impact of inflation.

The forward-looking statements contained in this newsrelease are expressly qualified by this cautionary statement. Anyforward-looking statements and the assumptions made with respectthereto are made as of the date of this news release and, accordingly,are subject to change after such date. The Company disclaims anyobligation to update any forward-looking statements, whether as aresult of new information, future events or otherwise, except as maybe required by applicable securities laws. There can be no assurancethat forward-looking statements will prove to be accurate, as actualresults and future events could differ materially from thoseanticipated in such statements. Accordingly, readers should not placeundue reliance on forward-looking statements.

Neither the Canadian SecuritiesExchange nor its Regulation Services Provider (as that term is definedin the policies of the Canadian Securities Exchange) acceptsresponsibility for the adequacy or accuracy of this release.

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