Mr. Chris Cooper reports

SPOD LITHIUM CORP. ISSUES SHARES UNDER OPTION AGREEMENT FOR ONTARIO BARBARA LAKE LITHIUM PROPERTY

Spod Lithium Corp. has issued an aggregate of 275,000 Class A common shares of Spod to Gravel Ridge Resources Ltd. and 1544230 Ontario Inc. (the optionors) pursuant to an option agreement dated as of March 5, 2024, with under which Spod has the option to acquire a 100-per-cent interest in 80 unpatented mining claims known as the Barbara Li project located in the province of Ontario (see Spod's news release dated March 5, 2024, for further details respecting the option agreement). The shares are subject to a four-month hold period expiring July 13, 2024, pursuant to applicable securities laws.

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.

We seek Safe Harbor.