Spod Lithium Announces Corporate Development Agreement

SPOD LITHIUM ANNOUNCES CORPORATE DEVELOPMENT AGREEMENT

Vancouver, B.C. – April 6, 2023 – SPOD LITHIUM CORP. (“SPOD” or the “ Company”)

(CSE: SPOD) (OTCQB: EEEXF) is pleased to announce that it has entered into a corporate

development consulting agreement dated for reference February 1, 2023 with John Bevilacqua.

Mr. Bevilacqua has over 20 years experience working with public and private companies. He has

served on several boards and has extensive expertise in advising public and private companies. He

has also served as investor relations manager for several public companies.

Under the agreement, Mr. Bevilacqua will advise the Company regarding its business and business

development, consult with the Company regarding the development of new business projects, and

advise the Company in development management strategies. Mr. Bevilacqua will receive

compensation of $5,000 per month (plus applicable taxes) for an initial period of three months,

following which the agreement will continue in force on a month- to-month basis on the same

terms, subject to termination by either party on providing seven days’ prior written notice to the

other party. All fees under the agreement are for services only, are payable in arrears at the end of

the month in which services are provided and will be paid by the Company from its general

working capital. The Company and Mr. Bevilacqua are arm’s length parties, and Mr. Bevilacqua

has no present interest, directly or indirectly, in the Company or its securities and has no right or

intent to acquire such an interest. The fees to be paid by the Company to Mr. Bevilacqua under the

agreement is for services only.

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 further 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 num erous 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 ke y 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.