To solve this problem, we need to analyze the given statements:$\newline \bullet$Statement I: The release of sperms into the seminiferous tubules is called spermiation.$\newline$ - Spermiation is indeed the process where mature spermatozoa are released from the Sertoli cells into the lumen of the seminiferous tubules.$\newline$ - Therefore, Statement I is correct.$\newline \bullet$Statement II: Spermiogenesis is the process of formation of sperms from spermatogonia.$\newline$ - Spermiogenesis is actually the final stage of spermatogenesis, where spermatids transform into mature spermatozoa.$\newline$ - The process of formation of sperms from spermatogonia is called spermatogenesis, not spermiogenesis.$\newline$ - Therefore, Statement II is incorrect.$\newline$Based on the analysis, the correct answer is:$\newline$Option 3: Statement I is correct but Statement II is incorrect.