Li-FT Power Continues to Deliver Strong Drill Results in April 2024

• Li-FT Power intersects 24 m at 1.33% Li2O at Echo pegmatite and 35 m at 1.34% Li2O at BIG East pegmatite
• Drilling extends high-grade lithium mineralization at Echo and BIG East pegmatites
• Results confirm potential for accessible, near-surface lithium resources
• Company concludes successful winter drill program with 49,548 m completed
• Li-FT Power well-positioned to advance Yellowknife Lithium Project and meet growing demand for lithium

About Li-FT Power

Li-FT Power is a mineral exploration company focused on the acquisition, exploration, and development of lithium pegmatite projects in Canada. The Company's flagship asset is the Yellowknife Lithium Project (YLP) located in the Northwest Territories. Li-FT Power also holds three early-stage exploration properties in Quebec with excellent potential for buried lithium pegmatites, as well as the Cali Project in the Northwest Territories within the Little Nahanni Pegmatite Group.

Impressive Drill Results at Echo & BIG East Pegmatites

On April 16, 2024, Li-FT Power reported assay results from 17 drill holes completed at the Echo, Fi Main, and Fi Southwest pegmatites within the YLP. The highlight intercept was 24 m at 1.33% Li2O at the Echo pegmatite, part of a wider 43 m interval grading 0.85% Li2O. These results confirm the potential for significant lithium resources close to surface at Echo.

Just two weeks later, on April 30, 2024, the Company announced additional high-grade drill results, this time from the BIG East, Echo, Fi Main, and BIG North pegmatites. The standout intercept was 35 m at 1.34% Li2O at BIG East, with other notable results including 28 m at 1.06% Li2O (including 10 m at 1.69% Li2O) and 16 m at 1.48% Li2O, also at BIG East.

Commenting on the BIG East results, Dave Smithson, SVP Geology of Li-FT Power, stated: "YLP-0271 intercepted the best width, and highest grades drilled to date on the BIG East pegmatite, averaging 1.34% Li2O over 35m. This hole marks the very most northeast limit of drilling and extends high grade mineralization under the lake from the southwest for a total of 750m, to date."

Successful Winter Drill Program Concluded

Li-FT Power has now reported results from 245 diamond drill holes totalling 42,434m at the YLP. The Company concluded its winter drill program with a combined total of 286 diamond drill holes (49,548m) completed between the summer and winter programs. The majority of holes were drilled perpendicular to the pegmatite dykes, indicating that true thicknesses are between 65-100% of the reported drill widths.

Lithium Mineralization Remains Open Along Strike and at Depth

The high-grade lithium drill results reported from the Echo and BIG East pegmatites confirm the significant potential of the Yellowknife Lithium Project. Importantly, mineralization remains open along strike and at depth in multiple areas, suggesting excellent potential to further grow the lithium resources.

At Echo, drilling has now traced the pegmatite system for over 1.0km along strike, with the fanning splay of moderate to gently dipping dykes extending for 0.5km to the northwest. Hole YLP-0259, which returned 24m at 1.33% Li2O within a wider interval of 43m at 0.85% Li2O, is the northeastern-most hole drilled to date. There is no drilling along strike to the northwest of this exceptional intercept, highlighting the potential for further high-grade discoveries as Li-FT Power continues to advance the project.

Similarly, at BIG East, hole YLP-0271 which returned 35m at 1.34% Li2O, is the northeasternmost hole drilled to date. This intercept extends the high-grade lithium mineralization under the lake by 750m from the southwest, with the system remaining open to the northeast. Mineralization is also open at depth, as evidenced by hole YLP-0262 which intercepted 11m at 1.22% Li2O approximately 50m beneath YLP-0271.

Strong Potential for Near-Surface Lithium Resources

The relatively shallow depths of the high-grade lithium intercepts reported by Li-FT Power suggest strong potential for defining significant lithium resources at the YLP that could be amenable to open-pit mining. At Echo, for example, hole YLP-0259 intersected 24m at 1.33% Li2O from only 75m below surface. Similarly, multiple holes at BIG East have returned intercepts of >1% Li2O at depths of <100m from surface.

The combination of high grades, wide intercepts, and shallow depths bodes well for the potential economics of the project. If Li-FT Power is successful in delineating a sizable near-surface resource, it could benefit from lower mining costs and a faster path to potential production compared to deeper, underground deposits.

Well-Positioned to Meet Growing Lithium Demand

With the impressive drill results reported from the Yellowknife Lithium Project and the successful conclusion of the winter drill program, Li-FT Power appears well-positioned to capitalize on the growing global demand for lithium. Lithium is a key component in rechargeable batteries used in electric vehicles, renewable energy storage, and portable electronics. As the world transitions towards cleaner energy sources to combat climate change, demand for lithium is expected to surge in the coming years.

The Yellowknife Lithium Project's location in Canada's Northwest Territories may also prove advantageous, given Canada's stable political environment and supportive stance towards critical mineral development. The project's proximity to the city of Yellowknife and access to infrastructure, including a government-maintained highway, could further enhance its development potential.

Conclusion

Li-FT Power's latest drill results from the Yellowknife Lithium Project underscore the property's potential to host a significant high-grade lithium resource. With multiple wide, high-grade intercepts encountered at relatively shallow depths, the Company appears to be making excellent progress in delineating a near-surface deposit that could be amenable to open-pit mining.

As Li-FT Power continues to explore and advance the project, investors should watch closely for further drill results and updates on the Company's plans to unlock the full potential of this exciting lithium discovery. With the global shift towards clean energy accelerating and demand for lithium expected to remain strong, Li-FT Power appears well-positioned to create value for shareholders as it progresses the Yellowknife Lithium Project towards development.