Spod Lithium Corp. Amends Mineral Property Option Agreement ON Megali Property

SPOD LITHIUM CORP. AMENDS MINERAL OPTION AGREEMENT ON

MEGALI PROPERTY

Vancouver, B.C. – August 25, 2023 – SPOD LITHIUM CORP. (“SPOD” or the “Company”)

(CSE: SPOD) (OTCQB:SPODF) is pleased to announce that it has amended its mineral option

agreement with Visible Gold Mines Inc. ( “Visible”) respecting the Me gali exploration property

(the “Property ”) dated August 3, 2022 (the “ Agreement”) (see SPOD’s press release dated

August 4, 2022).

Pursuant to the amended Agreement, SPOD is required to conduct at least $350,000 in exploration

expenditures on the Property on or before September 18, 2023, to meet its first -year option

obligations under the Agreement. SPOD has already met the other firs t year option obligations,

issuing 700,000 Class A common shares of the Company to Visible at a deemed price of $0.09 per

share and by making a cash payment of $50,000 to Visible. The shares are subject to a statutory

four-month hold period.

The purpose of the extension is due to the restrictions imposed by the Quebec government earlier

in the summer because of the regional forest fire situation. These restrictions directly impact ed

exploration operations, and, therefore, the Company was delayed in kicking off its current and

ongoing surface exploration field activities . As previously announced by SPOD on August 10th,

exploration activities have begun, and the exploration team is making excellent progress executing

on the exploration plan. The Company is eager to report exploration results as they become

available.

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 s imilar 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.