Li-FT Power Ltd. to report assays from 13 drill holes completed at the Shorty, Ki, Echo, BIG East, Fi SW, Nite, and BIG West pegmatites within the Yellowknife Lithium Project ("YLP") located outside the city of Yellowknife, Northwest Territories (Figure 1). These drill results are the final batch of results from the winter 2024 drill program. Drilling intersected significant intervals of spodumene mineralization, with the following highlights: This news release provides results for 12 drill holes from LIFT's 2024 winter drilling program and one hole from the 2023 summer drilling.

Holes are reported from seven different pegmatite complexes that include Shorty, Ki, Echo, BIG East, Fi SW, Nite, and BIG West. A table of composite calculations, general comments related to this discussion, and a table of collar headers are provided towards the end of this section. The Shorty pegmatite is formed by several sub-parallel dykes that, together, define a pegmatite- bearing corridor that is at least 1.4 km long, up to 100 m wide, north-northeast striking, and dips 50°-70° to the west.

The corridor itself consists of both country rock and pegmatite, with pegmatite occurring in either a single 10-40 m wide dyke or as 2-4 dykes with a similar cumulative width spread over 50-100 m. YLP-0284 was collared within a few meters of the lease boundary to test one of the thicker dykes within the Shorty corridor on a center approximately 75 m below the surface and 25 m downdip of previously released YLP-0283 (1.32% Li2O over 35 m). New drilling intersected 47 m of pegmatite split by 7 m of country rock as well as a 10 m wide dyke ~30 m further down the hole. The thick pegmatite interval returned composites of 1.41% Li2O over 18 m and 1.21% Li2O over 25 m whereas the lower one returned a wall-to-wall composite of 1.00% Li2O that includes 5 m of 1.76% Li2O.

These intersections indicate that spodumene mineralization widens in the down-dip direction from YLP-0283 to 0284 and is open below that as well as along strike to the north- northeast.