Li-FT Power's Exploration Plans & Upcoming Drill Results

• Li-FT Power is exploring a large lithium pegmatite field in the Northwest Territories, Canada.
• The pegmatites are very long and wide, visible from satellite imagery. Historical work indicates good grades.
• The exploration target is to become one of North America’s largest hard-rock lithium deposits.
• Drilling so far across 8 pegmatite dikes has revealed plunging, high grade lithium shoots within the larger pegmatite bodies.
• The winter drill program aims to extend known mineralization and test new targets. The goal is to define the best dikes and the scale of the resource.

About Li-FT Power

Li-FT Power is a Canadian lithium exploration company focused on its flagship Yellowknife Lithium Project in Canada's Northwest Territories. The company is delineating a district-scale lithium resource from an exceptional group of lithium pegmatite dikes. These occur along the eastern margin of the Great Slave Lake Shear Zone, a major crustal structure that spans the full 450 km length of Great Slave Lake.

The dikes were discovered in the late 1940s during regional mapping programs but have seen only intermittent exploration. With today's strong demand outlook for lithium driven by the global energy transition, Li-FT Power recognized the overlooked potential of this extensive pegmatite field.

Interview with Senior Vice President of Exploration, David Smithson

The Yellowknife Lithium Project

Through claim staking and acquisitions, Li-FT Power has consolidated an extensive land position covering over 60 kilometers of prospective pegmatite occurrences and geology. Importantly, a core group of high-priority dikes are road accessible, allowing cost-effective exploration and development.

Satellite imagery and field mapping have defined two main target areas - the Road Accessible Dikes and the Further Field Dikes. The Road Accessible Dikes include seven of the eight pegmatite dikes currently being drilled along a 5 km trend. These range from 750 meters to over 2 kilometers long and 5 to 20 meters thick. Historical assays show lithium grades of 1-2% Li2O.

The Further Field Dikes include numerous additional pegmatites across a larger 10 x 20 km area requiring winter road access. These display similar size and grades at surface to the priority Road Accessible Dikes.

2023 Drill Program

In June 2023, Li-FT Power commenced its maiden drill program at Yellowknife focused on the Road Accessible Dikes. The goals are to test the continuity and grade of lithium mineralization at depth and along strike, provide data for an initial mineral resource estimate, and assess potential mining methods.

The initial phase entails 34,000 meters of drilling from 50 planned holes. By late October, over 30,000 meters had been completed from over 190 holes. Assay results to date have confirmed multiple thick and high-grade lithium intercepts within the stacked, sub-vertical dikes.

Key highlights include:

• 60 m at 1.26% Li₂O incl. 39 m at 1.38% Li₂O (YLP-0007) Fi Southwest
• 25 m at 1.13% Li₂O incl. 16 m at 1.50% Li₂O (YLP-0033) (Shorty)
• 12.3 m at 1.28% Li₂O and 9 m at 0.66% Li₂O and 14 m at 1.50% Li₂O including 12 m at 1.73% Li₂O (YLP-0049) (BIG East)

Lithium Mineralization

Drilling has discovered that lithium mineralization occurs as high grade shoots plunging within the broader pegmatite bodies. The mineralized shoots appear structurally controlled, analogous to high grade gold zones in some vein systems. The lithium is hosted primarily in spodumene crystals up to 10 centimeters long.

Alteration zones of quartz-muscovite locally overprint the edges of the dikes, causing lower lithium grades. However, this gives vectors towards the higher grade lithium centers as drilling progresses across the dikes.

Ongoing refinement of the lithium shoot orientations and distribution will optimize targeting for resource definition and any future mining.

Exceptional Widths

A key attribute of the Yellowknife dikes is their exceptional thickness, ranging from 5 to locally over 20 meters true width. This provides flexibility for selective mining of only the highest grade zones. Thinner dikes prevalent in other lithium pegmatite districts would require mining of the entire dike width, resulting in greater dilution from waste rock.

Echo Discovery

A major new discovery was made in mid-2023 at the Echo showing, located 30 km southeast of the main dike area and part of the Further Field Dike group. This dike was initially thought to be sub-vertical like the others. However, drilling showed that lithium mineralization actually occurs within shallow dipping pegmatite sills.

The flat orientation is a boon for mining economics, since it results in much lower strip ratios compared to the steeply dipping dikes.

The Path Forward

Assay results and geological modeling to date have exceeded expectations, providing strong validation of the Yellowknife Pegmatite Project's district scale potential.

Upon completion of the current drill program, Li-FT Power will undertake maiden mineral resource estimates for the priority lithium targets. This will allow scoping studies to assess mining options, processing alternatives, and project economics.

Ongoing exploration will also test the extensive additional pegmatite occurrences across the large Yellowknife property. The company is well positioned with a strong treasury to accelerate this next phase of expansion and discovery.

As a premier development project in a Tier 1 mining jurisdiction, the Yellowknife Pegmatite Project ticks all the boxes to emerge as a strategic North American lithium source for the surging EV battery metals market.

The Investment Thesis for Li-FT Power

• World-class lithium district potential in mining-friendly Canada
• Exceptional scale of multiple known pegmatite dikes
• High grades comparable to other leading hard rock lithium projects
• Initial resource modeling underway, upside from regional exploration
• Strategically positioned to supply critical EV battery metals

Li-FT Power represents a unique exposure for investors to a potential district-scale lithium project still in the early stages of exploration and resource delineation. The company boasts an accomplished technical team advancing both systematic resource definition while pursuing new discoveries across a highly prospective lithium pegmatite district. With demand for lithium poised for exponential growth from the global energy transition, Li-FT Power has the assets and team to deliver substantial value growth as it systematically unlocks the potential of the Yellowknife Pegmatite Project.