Li-FT Power Provides Key Trading, Operations, and Drilling Updates

Li-FT Power Ltd. (CSE: LIFT) (OTCQX: LIFFF) (Frankfurt: WS0) is a mineral exploration company focused on acquiring, exploring, and developing lithium pegmatite projects in Canada. Headquartered in Vancouver, the company's current flagship project is the Yellowknife Lithium Project located in the Northwest Territories. With a portfolio of prospective lithium properties and assets in Canada, Li-FT Power aims to become a supplier of lithium concentrate and battery-grade lithium in North America's electric vehicle supply chain.

Trading Update: Li-FT Power Commences Trading on OTCQX

On August 10th, Vancouver-based Li-FT Power announced its common shares have commenced trading on the OTCQX Best Market under the ticker symbol "LIFFF". The OTCQX is the highest tier market operated by OTC Markets Group which sees over 12,000 U.S. and global securities trade.

CEO Francis MacDonald noted that trading on OTCQX will enhance the visibility and accessibility of the company for U.S. investors. He stated “We are delighted to announce LIFT's graduation from the Pink Market to the OTCQX Market. This will allow greater access and visibility for the Company as we advance our maiden 45,000 metre drill program at the Yellowknife Lithium Project.”

Trading on the OTCQX supports growing awareness and lower-barrier access for investors interested in Li-FT Power. The company also trades its shares on the Canadian Securities Exchange and in Frankfurt.

Operations Update: Temporary Demobilization Due to Forest Fires

On August 15th, Li-FT Power provided an update on operations at its flagship Yellowknife Lithium Project in Northwest Territories. Due to nearby forest fire activity, the company has temporarily demobilized personnel, equipment, and drill core from the Hidden Lake Camp on site.

A small maintenance crew remains at the camp currently. The Hidden Lake Camp itself is not at immediate risk, however smoky conditions have been interfering with routine drilling operations. Winds expected in coming days also present challenging conditions for firefighting efforts.

LIFT has been working closely with the Government of Northwest Territories to support local firefighting and has provided a helicopter to assist. MacDonald stated "We are monitoring the fire situation closely and will resume normal operations as soon as possible. Our thoughts are with the people who have been evacuated from their homes and communities and with the fire crews that are working tirelessly to protect the Northwest Territories.”

The temporary demobilization highlights LIFT’s commitment to health and safety of its personnel and contributing to firefighting efforts in the region when faced with unpredictable environmental conditions.

Drilling Update: Strong Assay Results Intersected at Fi Southwest and Fi Main

On August 21st, Li-FT Power provided an update on assay results from 18 drill holes completed at the Fi Southwest and Fi Main pegmatites, part of the Road Access Group within the Yellowknife Lithium Project.

Highlights from the results included intersections of up to:

• 60 meters at 1.26% Li2O at Fi Southwest, including 39 meters at 1.38% Li2O
• 30 meters at 1.13% Li2O at Fi Main, including 23 meters at 1.42% Li2O

These drill holes have now collectively tested 1,500 meters of strike length at the Fi pegmatite complex, confirming continuity of spodumene mineralization seen on surface to depths of around 100 meters. The results showcase the significant widths and grades of lithium mineralization present.

CEO Francis MacDonald noted “Fi Southwest continues to deliver high-grade spodumene over significant widths. The first drill holes into the Fi Main pegmatite have delivered some excellent intersects as well. Our operational progress has been significant to date – we have drilled 117 holes into six different pegmatites and have submitted samples to the lab for assaying.”

To date, approximately 19,000 meters have been drilled across 117 holes over 6 pegmatite targets. Assay results from the substantial completed drilling are expected to be reported in batches in the coming weeks as they are received.

Summary

While operations have been temporarily halted over the past couple weeks, Li-FT Power has continued advancing its Yellowknife Lithium Project through several key developments.

The commencement of trading on the OTCQX market is a milestone that opens up access to a broader investor base, especially in the United States. Meanwhile, the strong initial drill results from Fi Southwest and Fi Main have confirmed significant lithium mineralization, providing optimism about the project’s potential.

Looking ahead, Li-FT Power plans to continue monitoring forest fire conditions closely and resume operations and its robust drilling program as soon as safe to do so. The assay results from completed drilling expected over the coming weeks will provide further indication of the promise of the project.

Despite short-term operational impacts, Li-FT Power continues to deliver trading, drilling, and operational milestones, underscoring the significant progress made to advance the Yellowknife Lithium Project.