Mr. Mathieu Couillard reports

SPOD LITHIUM ANNOUNCES CLOSING OF SECOND TRANCHE OF PRIVATE PLACEMENT

Spod Lithium Corp. has completed the second tranche of its previously announced non-brokered private placement for gross proceeds of $88,000 from the sale of 4.4 million units at a price of two cents per unit.

Each unit consists of one common share in the share capital of the company and one common share purchase warrant of the company. Each warrant entitles the holder to acquire one additional common share at a price of five cents per additional share on the date that is 24 months following the closing date.

At the closing of the offering, the company paid Raymond James Ltd. a cash commission of $3,200 and issued 160,000 finder warrants (exercisable into additional shares at five cents for a period of two years), representing 8 per cent of the gross proceeds attributable to purchasers introduced by Raymond James. The company intends to use the net proceeds of the offering for general working capital purposes. No insiders participated in the offering.

All securities issued in connection with the offering including any additional shares that may be issuable on exercise of the warrants will be subject to a statutory hold period of four months and one day from the date of issuance, as well as a concurrent resale restriction under Canadian Securities Exchange policies requiring a CSE-prescribed legend restricting trading until the expiry of the hold period.

About Spod Lithium Corp.

Spod Lithium is an exploration and development company focused on unlocking the vast potential of lithium resources. With a strategic approach to resource management and a commitment to sustainable practices, Spod is dedicated to driving innovation and delivering value for its stakeholders. Founded in 2020, its primary lithium properties are strategically located in Quebec and Ontario, Canada, regions renowned for their rich deposits of these valuable resources.

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