Spod Lithium Corp. Provides Exploration Update on North Nipigon/Niemi Pegmatite Project

VANCOUVER, British Columbia, June 15, 2023 (GLOBE NEWSWIRE) — SPOD LITHIUM CORP. (“SPOD” or the “Company”) (CSE: SPOD) (OTCQB:SPODF) is pleased to provide an exploration update on it’s Phase I exploration program for its 100% owned North Nipigon / Niemi Lithium project in the Georgia Lake Pegmatite Field, Ontario. DCX Geological Consulting has successfully completed the Phase I program on the 8,679-hectare project, in which they identified numerous high priority target areas by overlaying historical data with geophysical and LiDAR data collected from the Company’s February 2023 Mag/VLF airborne survey. The Phase I program focused on the most prospective areas for spodumene bearing pegmatite bodies on the project. The program covered the Niemi Block, North Nipigon Block A and North Nipigon Block C (Figure 1). A total of 107 surface grab samples were collected and submitted to the Actlabs facility in Thunder Bay, ON (assays pending). North Nipigon Block B remains untested due to access restrictions and the Phase II exploration program will include mapping and sampling on this highly prospective and historically underexplored area.

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