Mr. Chris Cooper reports

SPOD LITHIUM CORP. AMENDS OPTION AGREEMENT RESPECTING THE LITHIUM GRANDE 4 PROJECT

Pursuant to an amending agreement dated as of July 4, 2023, Spod Lithium Corp. has amended its mineral option agreement with Noranda Royalties Inc. respecting the Lithium Grande 4 project dated July 4, 2022. The amended option agreement extends the date on which the company must make at least $350,000 in exploration expenditures on the project from July 4, 2023, to Aug. 13, 2023.

The purpose of the extension is recent restrictions imposed by the Quebec government, because of the regional forest fire situation. These restrictions are directly impacting exploration operations, and, therefore, the Company is further delayed in kicking off its surface exploration field activities until the situation improves. The Company is actively monitoring the situation to ensure all Company activities are compliant with respective governmental decrees and to ensure the safety of personnel associated with the Project. The Company will provide further updates as information becomes available.

Spod also announces that it has fulfilled its first-year cash payment and share issuance obligations under the Option Agreement, paying $50,000 cash to Noranda and issuing 700,000 Class A common shares of the Company to Noranda, each share issued at a deemed price of $0.10 per share. The shares are subject to a four month hold period, which expires November 5, 2023. Noranda is arm's length to the Company.

About Spod Lithium Corp.

Spod Lithium Corp. is a mineral exploration company focused on the acquisition and development of mineral properties containing battery, base, and precious metals. The Company's flagship assets are its Lithium properties located in the James Bay region of Quebec and the Nipigon and Niemi region of Ontario, Canada. For further information, please refer to the Company's disclosure record on SEDAR (www.sedar.com) or contact the Company through its website at www.spodlithiumcorp.com or by telephone at 604.721-3000.

We seek Safe Harbor.