Spod Lithium Corp. Receives Dtc Eligibility

SPOD LITHIUM CORP. RECEIVES DTC ELIGIBILTY

FOR IMMEDIATE RELEASE… Vancouver, B.C. – May 25, 2023 – SPOD LITHIUM

CORP. (“SPOD” or the “Company”) (CSE: SPOD) (OTCQB:SPODF) is pleased to report that

its common shares are now eligible for book-entry and depository services of the Depository Trust

Company ("DTC"), to facilitate electronic clearing and settlement of transfers in the United States.

SPOD currently trades on the OTCQB under the ticker symbol SPODF.

DTC is a subsidiary of The Depository Trust & Clearing Corp. which manages the electronic

clearing and settlement of publicly traded companies in the United States. Securities that are

eligible to be electronically cleared and settled through DTC are considered DTC eligible. This

electronic method of clearing securities accelerates the settlement process for investors and

brokers, enabling a security to be traded over a much wider selection of brokerage firms.

SPOD CEO, Chris Cooper, stated, "Receiving our DTC eligibility is an excellent step that allows

the Company to facilitate the trading, and efficient electronic transfer, of our common shares for

U.S. shareholders and brokerage firms. This not only allows for faster execution of t rades and

improved liquidity of our common shares but will also help to broaden our US investors’ base."

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.