Li-FT Power Reports Exceptional Drill Results from Yellowknife Lithium Project in January 2024

• Li-FT intersected significant high-grade lithium intervals across multiple pegmatite targets at its Yellowknife Lithium Project in NWT during January 2024.
• Drilling at BIG East returned 26 m at 1.56% Li2O, Fi Main hit 27 m at 1.26% Li2O and 22 m at 1.53% Li2O, Fi Southwest saw 23 m at 1.50% Li2O, and Ki yielded 23 m at 1.25% Li2O.
• The Nite pegmatite delivered 12 m at 1.51% Li2O, 10 m at 1.47% Li2O, 11 m at 1.38% Li2O and 9 m at 1.10% Li2O in initial drill testing.
• Li-FT commenced its 2024 winter drill program in late January, planning 18,600 m across six pegmatite prospects to expand on the 34,200 m drilled in 2023.
• The impressive drill results and aggressive exploration plans position Li-FT as an exciting lithium exploration story to watch in 2024.

About Li-FT Power

Li-FT is a mineral exploration company focused on lithium pegmatite projects in Canada. The company's flagship asset is the Yellowknife Lithium Project (YLP) in the Northwest Territories. Li-FT also holds early-stage exploration properties in Quebec with potential for buried lithium pegmatites, and the Cali Project in NWT.

Impressive January 2024 Drill Results

Li-FT started the year strong, reporting excellent drill results from the YLP across multiple pegmatite targets throughout January.

On January 3, the company announced assays from BIG East, Echo, Shorty, and BIG West. Highlights included 26 m at 1.56% Li2O and 18 m at 0.95% Li2O at BIG East, 10 m at 1.24% Li2O at Echo, and 10 m at 1.00% Li2O at Shorty.

Results released on January 9 were headlined by 23 m at 1.50% Li2O at Fi Southwest, 12 m at 1.51% Li2O at the previously undrilled Nite target, and 12 m at 1.04% Li2O at BIG West.

The January 16 news included more impressive intercepts. Fi Main returned 27 m at 1.26% Li2O and 22 m at 1.53% Li2O in shallow holes. Nite continued to deliver with 10 m at 1.47% Li2O.

Li-FT reported strong results on January 23, with 23 m at 1.40% Li2O at Fi Main, 11 m at 1.38% Li2O and 10 m at 1.28% Li2O at Nite, and 9 m at 0.99% Li2O at BIG West.

The company wrapped up the month with excellent assays on January 30. The highlight was 23 m at 1.25% Li2O at Ki, one of the best grade-thickness intercepts reported to date. BIG West returned 13 m at 1.27% Li2O and 9.5 m at 1.36% Li2O, while Nite yielded 9 m at 1.10% Li2O.

2024 Winter Drill Program Launched

On January 29, Li-FT announced the commencement of its 2024 winter diamond drill program at YLP. The company plans to drill over 100 holes for 18,600 m on six priority pegmatites. This will build on the 34,200 m across 198 holes completed in 2023.

The winter program aims to expand the spodumene mineralization defined in the summer 2023 program. The goal is to systematically drill six pegmatites to 100 m x 100 m centers, with meterage focused on areas that should add the most tonnage.

BIG East is allocated 2,945 m over 16 holes to 350 m depth. Echo will see 8,390 m over 54 holes to 250 m. Fi Main and Fi Southwest are planned for 3,395 m over 18 holes to 325 m. Ki and Shorty are slated for 3,860 m over 21 holes to 250 m depth.

Fi Main, Fi Southwest, BIG East Potential

The drill plans and recent results suggest strong potential to expand the high-grade lithium mineralization at Fi Main, Fi Southwest, and BIG East.

At Fi Main, 2023 drilling returned several strong intercepts, including 27 m at 1.26% Li2O, 22 m at 1.53% Li2O, 30 m at 1.13% Li2O, and 23 m at 1.33% Li2O. The 2024 drilling will test along 1 km of strike and to 325 m depth to build on these results.

Fi Southwest has an average width of 20 m at surface and has been traced for 1.1 km along strike. 2023 highlights include 79 m at 1.13% Li2O and 39 m at 1.43% Li2O. The 2024 plan will focus on infill and expansion drilling.

BIG East represents a 1.8 km long swarm that is up to 100 m wide. At depth, it merges into a 30 m wide feeder dyke that has returned up to 28 m at 1.70% Li2O. The winter drilling will step out to the northeast and test below the deepest mineralization.

Significant Upside at Ki, Nite, Echo

While Fi Main, Fi Southwest and BIG East are more advanced targets, Ki, Nite and Echo demonstrated compelling potential with the January drilling.

The January 30 results suggest Ki has strong potential to host a major high-grade lithium resource. Drill hole YLP-0165 hit 23 m at 1.25% Li2O, indicating an extensive zone of spodumene mineralization. Ki has been traced for over 1 km and will be a focus of the winter drilling.

At Nite, limited 2023 drilling returned a series of high-grade hits, including 12 m at 1.51% Li2O, 11 m at 1.38% Li2O, 10 m at 1.47% Li2O, and 9 m at 1.10% Li2O. The winter program will continue to probe this 1.4 km long target.

Echo saw drilling focused on the northwest portion of a 1 km dyke complex, with holes returning 12 m at 1.52% Li2O, 13 m at 1.24% Li2O, and 11 m at 1.42% Li2O. Notably, the 10 m wide feeder dyke remains undrilled by Li-FT and will be tested in the winter.

Conclusion

The impressive drill results from January demonstrate the significant lithium potential across multiple pegmatites on Li-FT's large YLP land package. High-grade intercepts over substantial widths were consistently encountered at Fi Main, Fi Southwest, BIG East, Ki, Nite, Echo and other targets.

With over 34,000 m of drilling now complete and 18,600 m planned for the winter program, Li-FT is rapidly delineating spodumene mineralization across the project. The winter drill plan is well-conceived to expand areas of known high-grade and test new zones.

The project's prime location in the mining-friendly NWT, extensive property, and numerous drill-ready targets positions Li-FT as a compelling lithium exploration story. As the company continues to report drill results and advance YLP in 2024, it should be firmly on the radar for investors seeking lithium exposure.