Li-FT Power's Yellowknife Lithium Project Delivers Impressive Drill Results, Highlighting Significant Resource Potential

• Li-FT Power's has completed its drilling program with 286 holes totaling 49,548 meters drilled depth.
• Results indicate significant lithium mineralization across multiple pegmatite complexes (Shorty, Ki, Echo, BIG East, Fi Main, Fi Southwest, and BIG West) at Yellowknife Lithium project
• Drilling intersected showed significant intervals of spodumene mineralization, including: Shorty pegmatite yields 35 m at 1.32% Li₂O and 25 m at 1.21% Li₂O, Echo complex returns 33 m at 1.09% Li₂O across three intervals, and Ki pegmatite shows promise with 11 m at 1.16% Li₂O.
• The company is moving towards its maiden resource estimate and continues with metallurgical testing to gain clearer understanding of the project's economic viability.

Li-FT Power has recently concluded its winter drilling program at the Yellowknife Lithium Project, completing a combined total of 286 diamond drill holes (49,548 meters) between the summer and winter programs. The company has reported results from 270 of these holes as of the latest press release. The drilling campaign targeted several pegmatite complexes within the project area, including Shorty, Ki, Echo, BIG East, Fi Main, Fi Southwest, and BIG West.

The extensive drilling program has provided valuable insights into the lithium mineralization across the project, with several pegmatites yielding high-grade intercepts. These results are crucial for defining the resource potential of the Yellowknife Lithium Project and will contribute to the upcoming maiden resource estimate.

Shorty Pegmatite: High-Grade Mineralization Near Surface

The Shorty pegmatite has emerged as one of the most promising targets within the Yellowknife Lithium Project. Recent drilling has intercepted significant high-grade lithium mineralization, particularly in holes YLP-0283 and YLP-0284.

YLP-0283 returned an impressive 35 meters at 1.32% Li₂O, centered at approximately 50 meters below the surface. This intersection represents the northeastern-most hole drilled on the Shorty corridor to date, with mineralization remaining open at depth and along strike to the north-northeast.

YLP-0284, collared within a few meters of the lease boundary, intersected multiple high-grade zones: 25 m at 1.21% Li₂O, 18 m at 1.41% Li₂O, 10 m at 1.00% Li₂O and 5 m at 1.76% Li₂O

These results extend the known high-grade mineralization at Shorty for a total of 400 meters on surface, emphasizing the pegmatite's potential to deliver significant high-grade tonnage from near-surface.

Dave Smithson, SVP Geology of LIFT, commented on the Shorty results:

"Shorty continues to deliver near-surface high grade spodumene mineralization this week, with YLP-0283 returning an impressive 35 m of 1.32% Li₂O only 50 m from surface. The intercept extends strong shallow mineralization drilled 100 m to the southwest in holes YLP091 & YLP097 (17 m of 1.28% Li₂O, 16 m of 1.01% Li₂O, and 23 m of 1.03% Li₂O) from 2023. This new information extends high grade mineralization for a total of 400 m on surface at Shorty emphasising the dyke's potential to deliver significant high-grade tonnes from surface."

Echo Pegmatite Complex: Widespread Mineralization

The Echo pegmatite complex has also yielded encouraging results, demonstrating widespread lithium mineralization across its feeder dyke and splay system. Notable intercepts include:

• YLP-0281:
  • 15 m at 1.19% Li₂O
  • 9 m at 1.02% Li₂O
  • 9 m at 0.98% Li₂O
• YLP-0285: 17 m at 1.05% Li₂O, including 9 m at 1.28% Li₂O
• YLP-0263: 12 m at 0.82% Li₂O, including 6 m at 1.29% Li₂O

These results highlight the potential for significant lithium mineralization within the Echo complex, which comprises a steeply dipping, northwest-trending feeder dyke that splits into a fanning splay of moderate to gently dipping dykes. The complex has a total strike length of over 1.0 km, with the feeder dyke measuring 5-15 m wide and the splay dykes locally up to 25 m thick.

Dave Smithson commented on the Echo results:

"We are excited about the last hole of the Echo winter program which hit 17 m at 1.05% Li₂O, at the northwest limit of drilling. The hole intercepted a new lower spodumene-bearing dyke that does not crop out at surface and was never intercepted in the drilling to the southeast. The dyke marks the identification of a total of five spodumene-bearing dykes across the Echo property to date, highlighting the system's potential for the discovery of additional hidden dykes in future follow-up drill testing."

Ki Pegmatite: Promising Results and Open Mineralization

The Ki pegmatite complex has also delivered encouraging results, particularly in the northern section where it overlaps with the Perlis dyke. Key intercepts include:

• YLP-0274: 11 m at 1.16% Li₂O, including 6 m at 1.87% Li₂O
• YLP-0272: 13 m at 1.05% Li₂O, including 8 m at 1.43% Li₂O

These results define a new spodumene deposit in the western part of the Ki corridor that remains open at depth and along strike to the north-northwest. The Ki complex extends for at least 1.3 km on surface and dips steeply to the southwest, offering potential for further mineralization discovery with additional drilling.

BIG East Pegmatite: Consistent Mineralization

The BIG East pegmatite complex has shown consistent lithium mineralization across several drill holes. While grades are generally lower than those observed in the Shorty and Ki pegmatites, the complex demonstrates potential for broader zones of mineralization. Notable intercepts include:

• YLP-0267:
  • 8 m at 0.46% Li₂O
  • 3 m at 0.46% Li₂O
  • 1 m at 0.57% Li₂O
• YLP-0260:
  • 8 m at 0.82% Li₂O
  • 5 m at 0.46% Li₂O

The BIG East complex comprises a north-northeast trending corridor of parallel-trending dykes exposed for at least 1.8 km of strike length, ranging from 10-100 m wide, and dipping approximately 55°-75° degrees to the west. This extensive pegmatite system warrants further exploration to fully delineate its resource potential.

Fi Main and Fi Southwest Pegmatites: Limited Results

Drilling at the Fi Main and Fi Southwest pegmatites has yielded limited significant results to date. However, these complexes demonstrate extensive strike lengths and pegmatite widths that may warrant further investigation:

• Fi Main: Exposed over at least 1.5 km of strike length, with dyke widths ranging from 25-75 m.
• Fi Southwest: Exposed over at least 1.1 km on surface, with a main dyke 20-40 m wide.

While current assays have returned generally low lithium grades, the extensive nature of these pegmatite systems suggests potential for localized zones of higher-grade mineralization that may be identified through continued exploration.

Project-Wide Implications and Future Outlook

The results from Li-FT Power's drilling program at the Yellowknife Lithium Project demonstrate significant lithium mineralization across multiple pegmatite complexes. The high-grade intercepts, particularly at the Shorty and Ki pegmatites, highlight the project's potential to host economically viable lithium resources.

Francis MacDonald, CEO of LIFT, provided context for these results: "With this being the last drill results press release for a while, I would like to commend the team for operating a successful winter drill program. LIFT has drilled approximately 50,000 meters in the last 12 months and has shown the scale of the Yellowknife Lithium Project. We look forward to reporting a maiden resource estimate in the next months and also metallurgical test work."

The upcoming maiden resource estimate will be a crucial milestone for Li-FT Power, providing investors with a quantitative assessment of the project's lithium resources. Additionally, metallurgical test work will offer insights into the potential recovery rates and processing requirements for the lithium-bearing pegmatites, further de-risking the project.

Conclusion

Li-FT Power's Yellowknife Lithium Project has demonstrated significant potential through its recent drilling results. The high-grade intercepts at the Shorty and Ki pegmatites, combined with the extensive mineralization observed across multiple pegmatite complexes, paint a promising picture for the project's resource potential.

As the company moves towards its maiden resource estimate and continues with metallurgical testing, investors will gain a clearer understanding of the project's economic viability. The strategic location, near-surface mineralization, and multiple pegmatite targets provide Li-FT with a strong foundation for future development.

Investor Considerations

For investors considering Li-FT Power, several key factors emerge from these drilling results:

1. Resource Potential: The high-grade intercepts and extensive pegmatite systems suggest significant resource potential at the Yellowknife Lithium Project. The upcoming maiden resource estimate will provide a clearer picture of the project's scale and economic viability.
2. Near-Surface Mineralization: Many of the high-grade intercepts, particularly at the Shorty pegmatite, are located near the surface. This could potentially lead to lower mining costs and a more favorable strip ratio in future development scenarios.
3. Multiple Pegmatite Targets: The presence of multiple mineralized pegmatite complexes across the project area provides Li-FT with various exploration and development options, potentially reducing project risk.
4. Strategic Location: The Yellowknife Lithium Project's location in the Northwest Territories, with access to existing infrastructure, could provide logistical advantages for future development.
5. Experienced Management: The company's geological team has demonstrated its ability to effectively explore and delineate lithium resources, as evidenced by the successful drilling program and identification of high-grade zones.
6. Upcoming Catalysts: The pending maiden resource estimate and metallurgical test work results represent significant near-term catalysts that could impact the company's valuation.
7. Market Timing: With growing demand for lithium due to the electric vehicle revolution and energy storage needs, Li-FT Power is well-positioned to capitalize on favorable market conditions for lithium projects.

While risks inherent to mineral exploration and development remain, the results to date suggest that Li-FT Power could be well-positioned to become a significant player in the lithium market. As global demand for lithium continues to grow, projects with favorable grades, scale, and location – such as the Yellowknife Lithium Project – are likely to attract increased attention from both investors and potential strategic partners.

Investors should closely monitor upcoming news releases, particularly the maiden resource estimate and metallurgical test results, as these will provide crucial data points for assessing the long-term potential of Li-FT Power and its flagship Yellowknife Lithium Project.