Sparta Capital Ltd. Releases First Quarter Financial Statements

Sparta Capital Ltd. ("Sparta") (TSX VENTURE:SAY) released today its unaudited
financial statements for its three month period ended December 31, 2008.


The net comprehensive loss for the three month period ended December 31, 2008
was $76,649.




SUMMARY OF INCOME STATEMENT INFORMATION

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Income Statement                                          December 31, 2008
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Sales                                                          $          -
Cost of sales                                                  $          -
Operating expenses                                             $     77,462
Other income (loss)                                            $       (813)
Net income (loss) for period                                   $    (76,649)
Per share - basic and diluted                                  $     (0.002)
Weighted average shares outstanding - basic                      35,247,631
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SUMMARY OF CASH FLOW INFORMATION

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Cash Flow                                                 December 31, 2008
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Cash from operating activities                                 $    (69,192)
Cash from financing activities                                 $          -
Cash from investing activities                                 $    438,327
Increase in cash and cash equivalents                          $    369,135
Cash and cash equivalents - beginning of period                $    401,375
Cash and cash equivalents - end of period                      $    770,510
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SUMMARY OF BALANCE SHEET INFORMATION

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Balance Sheet                                             December 31, 2008
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Cash and cash equivalents                                      $    770,510
Total Assets                                                   $  1,358,439
Total Liabilities                                              $     28,410
Share capital                                                  $  5,221,199
Total Shareholders' Equity                                     $  1,330,029
Total Liabilities & Shareholders' Equity                       $  1,358,439
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RESULTS OF OPERTIONS

For the three month period ended December 31, 2008 the Corporation had a net
comprehensive loss of $76,649 as compared to the December 31, 2007 net
comprehensive loss of $56,164. During the three month period ended December 31,
2008 the Corporation realized a $24,412 gain from the sale of its long term
investment in Drumlin Energy Corp.


Advertising & Promotion decreased slightly from $4,718 to $3,112 due to the
reduction of investor relation fees and decrease in promotional expense of the
Hy-Drive system.


Consulting fees increased slightly from $50,369 to $59,400 as a result engaging
a consultant to identify and evaluate business growth opportunities.


Licenses and fees increased from $Nil to $2,614 resulting from regulatory and
exchange filing fees incurred during the period.


Office rent decreased from $6,180 to $3,658 due to office relocation with
decreased lease costs and subletting a part of the office space to a third
party.


Professional fees increased from $435 to $3,056 due to legal costs related to
filings.


Travel increased from $304 to $1,713 due to an increase in travel related to
review of business growth opportunities.


The Company's December 31, 2008 financial statements management discussion may
be viewed on SEDAR at www.sedar.com.

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