Ms. Veronique Laberge reports

SPOD LITHIUM TERMINATES LITHIUM GRANDE 4 AND MEGALI PROPERTIES OPTION AGREEMENTS AND ANNOUNCES RESULTS OF AGSM

Spod Lithium Corp. has received notices of default from Noranda Royalties Inc. and Visible Gold Mines Inc. regarding the Lithium Grande 4 and MegaLi properties, respectively, for the failure to make an option payment of $150,000 and the issuance of 1,375,000 common shares of the company, for each of Noranda and VGM, due on Dec. 31, 2025, pursuant to the terms and options of the LG4 option agreement dated July 6, 2022, as amended on July 4, 2023, and May 29, 2024, and the MegaLi option agreement dated Aug. 3, 2022, as amended on Aug. 3, 2023, and May 29, 2024.

Following the notices of default, Spod did not have the intention to cure the defaults and ultimately decided to terminate both the LG4 option agreement and the MegaLi option agreement. Martin Dallaire, director of the company is also the president, chief executive officer and director of VGM, and Veronique Laberge, chief financial officer and interim chief executive officer of the company, is also CFO of VGM.

Annual general and special meeting results

Further, the company is pleased to announce that all matters presented were approved at its annual general and special meeting of shareholders held virtually, at 8 a.m. Pacific Time on Jan. 29, 2026.

The scrutineers from Odyssey Trust Company reported that the vote at the AGSM, in person or by proxy, amounted to a total of 24,806,100 shares, representing 26.39 per cent of the total 94,015,313 eligible shares of the company as of the record date. The results of the votes are as follows.

About Spod Lithium Corp.

Spod Lithium is a leading exploration and development company focused on unlocking the vast potential of lithium resources. With a strategic approach to resource management and a commitment to sustainable practices, Spod is dedicated to driving innovation and delivering value for its stakeholders. Founded in 2020, its mineral property is located in Quebec, Canada, a region renowned for its rich deposits of these valuable resources.

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