Ms. Veronique Laberge reports

SPOD LITHIUM CORP. ANNOUNCES PROPOSED NAME CHANGE AND SHARE CONSOLIDATION

Spod Lithium Corp. intends to change the company's name from Spod Lithium to Freedom Gold Corp., reflecting the company's strategic evolution and expanded focus on gold exploration and development after the disposition of its lithium properties.

Concurrently with the name change, the company intends to proceed with a consolidation of its issued and outstanding common shares on the basis of one postconsolidation common share for 15 preconsolidation common shares. The company currently has 94,015,313 common shares issued and outstanding. Following the proposed share consolidation, the company will have approximately 6,267,687 common shares issued and outstanding prior to the treatment of fractional shares. No fractional common shares will be issued as a result of the share consolidation.

The name change and the share consolidation have been approved by the board of directors of the company but remain subject to the approval of the Canadian Securities Exchange.

Upon completion of the name change, the company's common shares will continue to trade on the CSE at the opening of trading on May 8, 2026, under the ticker symbol FRDM. In connection with the name change and share consolidation, the company's common shares are assigned the new Cusip No. 35638E 10 5 and the ISIN identifier CA 35638E 10 5 1.

Registered holders of physical share certificates will be mailed a letter of transmittal providing details of the name change and share consolidation, together with instructions for exchanging certificates representing preconsolidation common shares for certificates representing the applicable number of postconsolidation common shares. Shareholders who hold their common shares through an intermediary or in the company's direct registration system (DRS) will not be required to take any action.

The company expects that the proposed name change, together with its ongoing strategic repositioning, will strengthen the company's market profile in the gold sector and more accurately reflect its focus on advancing gold exploration and development opportunities, consistent with prevailing investor interest in the sector.

About Spod Lithium Corp.

Spod Lithium is a leading exploration and development company focused on unlocking the vast potential of gold resources. With a strategic approach to resource management and a commitment to sustainable practices, Spod Lithium 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.

We seek Safe Harbor.