Mr. Chris Cooper reports

SPOD LITHIUM CORP. TO COMMENCE EXPLORATION PROGRAM ON QUEBEC LITHIUM PROJECT

Due to improving conditions surrounding Spod Lithium Corp.'s properties in the James Bay region of Quebec, the company's long-awaited 2023 exploration program scheduled on the company's Megali and Lithium Grande 4 properties will commence immediately.

Exploration crews arrived at the Mirage Adventure camp on Aug. 9 and exploration activities will begin today, Aug. 10. Spod Lithium has contracted Quebec-based Explo-Logik Inc., a fully turnkey exploration company founded in 2007 by Guy Girard.

Exploration highlights

The exploration work will consist primarily of prospecting and rock sampling over both properties. The Megali property consists of 78 mineral claims covering a total area of 3,996.67 hectares (40 square kilometres) and the Lithium Grande 4 project consists of 41 mining claims covering 2,100 hectares (21 square kilometres). Both the Megali and Lithium Grande 4 projects are adjacent to Patriot Battery Metals' Corvette property, which was recently deemed the largest lithium pegmatite resource in the Americas. The Spod lands are located less than 2.7 kilometres south-southeast (Megali) and less than 2.0 kilometres south (Lithium Grande 4) from Patriot's Corvette lithium project.

Chris Cooper, president and chief executive officer of Spod Lithium, commented, "We are very excited to get back to work in the mineral-rich prolific James Bay area of Quebec, and I would particularly like to thank the unprecedented efforts of all those involved in fighting and containing the wildfires encompassing Quebec and Canada."

Qualified person

Martin Demers, PGeo, a registered permit holder with the Ordre des Geologues du Quebec and qualified person as defined by National Instrument 43-101, has reviewed the technical information in this news release.

About Spod Lithium Corp.

Spod Lithium 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.

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