Li-FT Power Announces Drill Results on it's BIG East & Echo Pegmatites

• Intersected up to 28 m at 1.70% Li2O at BIG East pegmatite, one of several prospects at the Yellowknife Lithium Project
• Drilling at Echo pegmatite reveals stacked, shallow-dipping pegmatite zones near-surface with widths over 10 m
• Recent drilling expands strike length of BIG East and uncovers new prospect at BIG West with up to 7 m at 0.50% Li2O
• 34,238 m drill program completed in 2023, results pending for 74 holes
• Strategically located district-scale project near infrastructure, building resources towards maiden resource estimate

About Li-FT Power

Li-FT Power Ltd. (TSXV: LIFT) is a mineral exploration company focused on lithium pegmatite projects in Canada. Its flagship Yellowknife Lithium Project is located near Yellowknife, Northwest Territories and comprises 19 high-grade spodumene pegmatite dykes with drill-indicated strike lengths of 1-1.5 km and widths of 10-25 m. The company aims to delineate an initial mineral resource estimate in 2024. Additionally, LIFT holds three early-stage lithium pegmatite projects in Quebec.

Recent Drill Results

On December 12th, LIFT announced drilling results from 8 holes at the Echo, Shorty, Fi-SW, Ki and BIG East pegmatites. Highlights include:

• 13 m at 1.24% Li2O at Echo
• 13 m at 1.28% Li2O at BIG East
• 13 m at 1.27% Li2O at Ki
• 11 m at 1.38% Li2O at Shorty

Drilling revealed that the Echo pegmatite complex comprises multiple shallow-dipping zones, a favorable orientation for potential mining. At Shorty, Ki and BIG East, LIFT continued to intersect widths over 10 m with grades above 1% Li2O, expanding these prospects downdip and along strike.

On December 19th, LIFT released results for 8 additional holes at the Echo, BIG East, Ki and Fi SW pegmatites. Highlights include:

• 28 m at 1.70% Li2O within 34 m of pegmatite at BIG East
• 23 m at 0.61% Li2O at Echo
• 17 m at 1.01% Li2O at Ki

The exceptional 28 m interval at BIG East confirms continuity of high-grade mineralization, opening up BIG East at depth. At Echo, drilling shows potential for substantial near-surface resources based on gently-dipping stacked pegmatite zones. Meanwhile, Ki continues to demonstrate consistency with a 17 m hit.

On December 27th, LIFT announced results for 8 drill holes at BIG East, Echo, Shorty, Ki and Fi Main. Highlights include:

• 28 m at 0.99% Li2O at BIG East
• 23 m at 0.61% Li2O at Echo
• 11 m at 0.52% Li2O at Shorty

BIG East delivered another broad intercept supporting the continuity of this large pegmatite system. At Echo, drilling intersected pegmatite mineralization up to 29 m thick near-surface. Shorty returned an 11 m interval, expanding this dyke downdip.

On January 3rd, LIFT released drilling results for 8 holes testing BIG East, Echo, Shorty and the newly discovered BIG West area. Highlights include:

• 26 m at 1.56% Li2O at BIG East
• 18 m at 0.95% Li2O at BIG East step-out hole
• 10 m at 1.24% Li2O & 12 m at 0.69% Li2O at Echo
• 10 m at 1.00% Li2O at Shorty
• 7 m at 0.50% Li2O at BIG West

BIG East continues to demonstrate size and grade consistency. A step-out hole also suggests additional strike length potential to the northeast. At Echo, drilling reveals strong near-surface mineralization. Meanwhile, Shorty and the newly tested BIG West returned multiple intervals over 7 m thick.

Conclusion

With its 2023 drill program now complete, Li-FT Power has substantially expanded its flagship Yellowknife Lithium Project. Systematic drilling has outlined continuity of broad, high-grade pegmatite intercepts at BIG East, Ki and Shorty while also revealing expansion potential across the district. The discovery of extensive near-surface mineralization at Echo could provide substantial tonnage to an initial resource estimate. As LIFT pursues its resource delineation efforts in 2024, investors can expect a steady news flow of pending drill results which hold strong resource upside. Ultimately, Li-FT is primed to unveil an inaugural resource situated in a premier mining jurisdiction amid surging lithium demand.