Spod Lithium Corp. Issues Shares Under Option Agreement FOR Ontario Barbara Lake Lithium Property
News Release
SPOD LITHIUM CORP. ISSUES SHARES UNDER OPTION
AGREEMENT FOR ONTARIO BARBARA LAKE LITHIUM PROPERTY
Vancouver, B.C. – March 12, 2024 – SPOD LITHIUM CORP. (“SPOD” or the “Company”) (CSE:
SPOD) (OTCQB:SPODF) is pleased to announce that it has issued an aggregate of 275,000 Class A
common shares of SPOD to Gravel Ridge Resources Ltd. and 1544230 Ontario Inc. (the “ Optionors”)
pursuant to an option agreement (the “ Option Agreement”) dated as of March 5, 2024 with under which
SPOD has the option to acquire a 100% interest in 80 unpatented mining claims known as the Barbara Li
Project located in the Province of Ontario (the “Property”)(see SPOD’s news release dated March 5, 2024
for further details respecting the Option Agreement). The shares are subject to a four -month hold period
expiring July 13, 2024, pursuant to applicable securities laws.
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.sedarplus.ca) or contact the Company through its website at www.spodlithiumcorp.com.
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.