SPOD Lithium Corp. announced that it has been selected to receive a $200,000 Ontario Junior Exploration Program (?OJEP?) grant from the Government of Ontario to support its exploration efforts on its North Nipigon-Niemi Project in the Georgia Lake Pegmatite field (the ?Project?). An exploration program including geological mapping and litho-geochemical sampling was conducted during the 2023 field season that identified four areas for priority work in the 2024 field season.

The OJEP funding has contributed to evaluating historical occurrences on the project, including the Niemi occurrence (MDI42E05SW00017) which is slated for bedrock stripping and channel sampling in the 2024 field exploration season. During the 2023 field season, Spod Lithium made its own discovery of a spodumene bearing pegmatite boulder on the south shore of Jean Lake, in the north-central portion of Block B that returned 1.28% Li2O. Table 1 Assay highlights from the 2023 Field Season.

Sample, Li (ppm), Li2O (%), Block, 475539, 7000, 1.507, Niemi, 475550, 4020, 0.866, Block A, 475551, 1920, 0.413, Block A, 475577, 2500, 0.538, Block A, 475651, 4440, 0.956, Block A, 477112, 5930, 1.277, Block B. An aggressive geological mapping and prospecting program is planned for the 2024 field exploration season, targeting the central and northwest portion of Block B, and the western portion of Block A. Follow-up mapping in the Parole Lake area and a soil sampling program will be completed in the eastern portion of Block A to continue to explore for Foster- Lew type pegmatite mineralization on the property. SPOD has received bedrock stripping permits for the Niemi Block and Block A, with a stripping program scheduled to begin in late May on the Niemi Pegmatite. Qualified Person.

Jason Arnold, P.Geo., President of DCX Geological Consulting and an independent Qualified Person as such term is defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved the geological information reported in this news release. The Qualified Person has not completed sufficient work to verify the historic information on the Property and in the vicinity, particularly regarding historical drill results, historical mine production and historical grab samples. However, the Qualified Person believes that these results were completed to industry standard practices.

Chief Executive Officer.