Spartan Gold fka SPAG

[$hellKing]

Issues Default Notice to Spartan Gold Ltd and Sphere Resources Inc. Pertaining to Poker Flats Property, Nevada [Market News Publishing (Canada)]

SPHERE RESOURCES INC

MEXIVADA MINING CORP. ("MNV.H-V") - Issues Default Notice to Spartan Gold Ltd and Sphere Resources - Inc. Pertaining to Poker Flats Property, Nevada

Mexivada Mining Corp. ("Mexivada") announces that Mexivada has served Notice to Spartan Gold Ltd. (OTCBB:SPAG) and Sphere Resources Inc. (TSX-V/NEX:SPH.H), which parties signed an option agreement with Mexivada Mining Corp. pertaining to its Poker Flats property in Nevada, that they are in default of a payment obligation stipulated in the Option and Mining Claim Acquisition Agreement dated August 6, 2014 (the "Agreement"). Section 3.3(a) of this contract required Spartan and Sphere to incur and pay the sum of US$10,000 to Mexivada upon execution of the Agreement. Neither Spartan Gold Ltd. nor Sphere Resources Inc. made this payment to Mexivada Mining Corporation, and thus are in default of the agreement, which now is subject to immediate termination by Mexivada Mining Corporation, as stipulated in Clause 7.1(a) of the contract.

The Company's President and CEO, Richard R. Redfern, M.Sc. and Certified Professional Geologist, a 'qualified person' for the purposes on National Instrument 43-101 Standards of Disclosure for Mineral Properties, has verified and approved the information contained in this news release, and evaluated the interpretations contained in this news release. For further information about Mexivada, please visit the web site at www.mexivada.com or contact us by e-mail at info@mexivada. com.

Mexivada is a diversified Canadian mineral exploration company focused on identifying, acquiring, advancing, developing and mining high-grade Gold-Silver projects in the United States, focused on Nevada. Mexivada is managed by experienced and successful geologists, engineers, metallurgists, board members and advisors.

On behalf of the Board of Directors, Richard R. Redfern President & CEO Mexivada Mining Corp.

Caution Concerning Forward-Looking Statements This news release and related texts and images on Mexivada's website contain certain "forward-looking statements" including, but not limited to, statements relating to interpretation of mineralization potential, drilling and assay results, future exploration work, and the anticipated results of this work. Forward-looking statements are statements that are not historical facts and are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metals prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical, governmental, social, or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the company's projects; uncertainties involved in the interpretation of sampling and drilling results and other tests; the possibility that required permits and access agreements may not be obtained in a timely manner; risk of accidents, equipment breakdowns or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in these work programs. Forward-looking statements contained in this release are based on the beliefs, estimates, and opinions of management on the date the statements are made. There can be no assurance that such statements will prove accurate. Actual results may differ materially from those anticipated or projected. Mexivada Mining Corp. undertakes no obligation to update these forward-looking statements if management's beliefs, estimates, opinions, or other factors, should change.

NEITHER THE TSX VENTURE EXCHANGE NOR NEX NOR THEIR REGULATION SERVICES PROVIDERS (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Mexivada Mining Corp. Investor Relations 1-[phone] [e-mail] www.mexivada.com