Spod Lithium Corp. to Begin Exploration Program at James BAY Quebec Project
SPOD LITHIUM CORP. TO BEGIN EXPLORATION PROGRAM AT
JAMES BAY QUEBEC PROJECT
Vancouver, B.C. – June 1, 2023 – SPOD LITHIUM CORP. (“SPOD” or the “ Company”)
(CSE: SPOD) (OTCQB:SPODF) is pleased to announce its further exploration plan for the
Company’s Megali and Lithium Grande 4 properties in the James Bay region in the province of
Quebec. Both the Megali and Lithium Grande 4 projects are adjacent to Patriot Battery Metals'
project, and less than 2.7 km south-south-east (Megali) and less than 2.0 km south (Lithium Grande
4) from Patriot's newly discovered Corvette lithium deposit. See Figure 1 below.
The Megali property consists of 78 mineral claims covering a total area of 3,996.67 hectares (40
square kilometers) and the Lithium Grande 4 project consists of 41 mining claims covering 2,100
hectares (21 square kilometers).
The Company has executed a technical services agreement with ALS GoldSpot Discoveries Ltd.
("GoldSpot") for the collection and processing of geophysical and geomatics data with Goldspot’s
Multi-Parameter Airborne Survey System (“M -PASS”) over the Megali and Lithium Grande 4
properties. GoldSpot will conduct an airborne acquisition with their Multi- Parameter Airborne
Survey System (‘M-PASS’) over SPOD’s properties. ALS GoldSpot’s M-PASS platform consists
of a triaxial magnetic gradient magnetic/VLF platform, 2048 channel radiometric sensor along
with a high-precision LiDAR sensor and high-resolution cameras capable of producing four band
imagery. The airborne survey aims to map the geology and identify geological trends more likely
to contain pegmatite swarms, which often correspond to specific topographic features with
magnetic lows, and will serve as a valuable guide for the Company’s further exploration campaign
this upcoming summer.
Figure 1: SPOD Lithium Corp. / Patriot Batter Metals Land Position Map
Chris Cooper, Spod Lithium’s CEO commented, “It is very exciting to start-up our exploration
activities on the Megali and Lithium Grande 4 projects. We are confident the mag and LiDAR
survey will provide invaluable data that will enable phase 2 of our summer field exploration
program to be a major success, and hopefully lead to the discovery of lithium bearing
pegmatites.”
About ALS GOLDSPOT DISCOVERIES LTD.
ALS GoldSpot is a Canada-based group of expert geoscientists and data scientists who utilize
computational methods (such as multivariate analysis or Machine Learning) to assist mining and
exploration clients. ALS GoldSpot offers unique processes to minimize client risk related to
exploration targeting by optimizing aspects of conventional exploration workflows.
ALS GoldSpot’s full-spectrum geoscience and data science technical team combines proprietary
technology with in-depth expertise in mineral exploration and mining, offering front-to-back
services to its clients and partners. ALS GoldSpot's solutions target large public database, like
those made available by the government of Québec, with a focus on integrating underutilized
data to better comprehend resource property potential.
For more information about Spod Lithium Corp., please visit our newly updated website at
www.spodlithiumcorp.com.
Qualified person
Martin Demers P.Geo., (ogq #770) 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 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 fu rther 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.
On Behalf of the Board of Directors
Chris Cooper
Chief Executive Officer
Forward-Looking Information
Certain statements in this news release are forward-looking statements, including with respect to future plans,
and other matters. Forward -looking statements consist of statements that are not purely historical, including
any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can
generally be identified by the use of forwarding- looking wording such as “may”, “expect”, “estimate”,
“anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. The reader is
cautioned that assumptions used in the preparation of any forward- looking information may prove to be
incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result
of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control
of the Company, including but not limited to, business, economic and capital market conditions, the ability to
manage operating expenses, and dependence on key personnel. Such statements and information are based on
numerous assumptions regarding present and future business strategies and the environment in which the
Company will operate in the future, anticipated costs, and the ability to achieve goals. Factors that could cause
the actual results to differ materially from those in forward-looking statements include, the continued availability
of capital and financing, litigation, failure of counterparties to perform their contractual obligations, loss of key
employees and consultants, and general economic, market or business conditions. Forward-looking statements
contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not
to place undue reliance on any forward-looking information.
The forward-looking statements contained in this news release are made as of the date of this news release.
Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise
any forward-looking statements, whether as a result of new information, future events or otherwise.
The CSE has not reviewed, approved or disapproved the contents of this news release.