VANCOUVER, British Columbia, June 05, 2024 (GLOBE NEWSWIRE) -- SPOD Lithium Corp (CSE:SPOD) (the "Company" or "SPOD") is pleased to announce that it has amended on May 29, 2024 its mineral option agreement with Visible Gold Mines Inc. ("Visible") regarding the MegaLi exploration property (the "MegaLi Property") and its mineral option agreement with Noranda Royalties Inc. ("Noranda") on the Lithium Grande 4 property (the "LG4 Property"). The Company is also pleased to announce the appointment of Mr. Martin Dallaire as a new director of the Company, effective May 29, 2024. Amendment Agreement – MegaLi Property On May 29, 2024, the Company amended its mineral option agreement with Visible on the MegaLi Property (the "MegaLi Option Agreement") dated August 3, 2022, and subsequently amended (the "MegaLi Option Agreement"). The amended Option Agreement extends the date on which the Company was to spend at least $500,000 in exploration expenditures on the MegaLi Property from August 3, 2024 to December 31, 2024. The company will also amend the second-year issuance and third-year Class A common shares issuance to Visible for 1,175,000 and 1,375,000 Class A common shares, respectively. The Company has fulfilled its second-year payment of $100,000 and has issued on the same date the second-year issuance of 1,175,000 Class A common shares at a price of $0.06. The shares are subject to a four month hold period, which expires on September 30, 2024. Moreover, per the amendments, the Company will issue on or before December 31, 2025, 1,375,000 Class A common shares, pay Visible an additional $150,000 and incur at least an additional $1,000,000 in exploration expenditures. Amendment Agreement – LG4 Property On May 29, 2024, the Company entered into an agreement with Noranda respecting the LG4 Property dated July 4, 2022, and subsequently amended (the "LG4 Option Agreement"). The amended LG4 Option Agreement extends the date on which the Company must spend at least $500,000 in exploration expenditures on the LG4 Project from July 4, 2024 to December 31, 2024. The ...