PORTLAND TRAIL BLAZERS TO USE SPARX PLATFORM FOR 2022-2023 SEASON

VANCOUVER, BC, Oct. 24, 2022 /PRNewswire/ - Sparx Technology Inc. (TSXV: SPRX) (OTCQB: STCXF) ("Sparx" or the "Company") is excited to announce that the Portland Trail Blazers have engaged Sparx for the licensing of the Company's real-time platform for the 2022-2023 NBA season.

The Sparx real-time platform is flexible, multi-faceted and is used to engage audiences with voting/polling, predictive questions and trivia.

On the engagement with Portland Trail Blazers, Al Thorgeirson, CEO and President, commented the following, "We are excited to bring the Portland Trail Blazers into our growing NBA clientele. The Trail Blazers are industry leaders in their sport as they continue to provide their fans with new and exciting ways to experience the team they love."

Kevin Kinghorn, Chief Marketing Officer and Executive Vice President, at the Portland Trail Blazers added, "The Portland Trail Blazers are focused on innovation in the broadcast space with the sole intent of creating a more entertaining, engaging, and interactive broadcast for our fans. We view the Sparx platform as an excellent opportunity to involve our fans in our show, and we are excited about the future of our broadcast."

On behalf of the Board

Al Thorgeirson
CEO and President

ABOUT SPARX:

Sparx is an interactive media technology company whose principal activities are providing media companies and sports teams with technologies to engage audiences. The patented Sparx platform enables broadcasters, streamers, and video producers to engage viewers for longer, generate new revenue opportunities, and create lean-forward experiences for audiences eager to join the action. Millions of users can connect to the Sparx platform and interact simultaneously on their mobile phone, tablet, or computer anywhere in the world, in real time.

For more information about Sparx, visit the Company's website at www.sparxtechnology.com

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 include, among other matters, the anticipated use of proceeds from the Financing. 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, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties (including risks that the Transaction does not proceed, or proceed on the expected terms, geopolitical risk, regulatory, Covid-19 and exchange rate risk) 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, including assumptions concerning the Company 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.

SOURCE Sparx Technology Inc.