Mr. Francis MacDonald reports

LIFT QUADRUPLES THE SIZE OF THE CALI PROPERTY THROUGH STAKING

Li-FT Power Ltd. has increased its land position at the Cali project by staking an additional 9,681 hectares of contiguous claims within the Little Nahanni pegmatite district, Northwest Territories, Canada. The recently staked claims have outcropping spodumene pegmatites which are the continuation of the Cali dike swarm that Li-FT Power has defined to date.

Lands to the northwest of Li-FT Power's current tenure became available following the government of Canada's approval of an amendment to the Sahtu land use plan (the Naats'lhch'oh amendments) in June of 2024. The amendment package allows new staking to be completed in the area and was previously approved by the Sahtu Secretariat Inc. and the government of the Northwest Territories in 2019.

Francis MacDonald, chief executive officer of Li-FT Power, commented: "Acquiring new areas through staking is the most cost-effective way to increase a company's land position. The newly staked ground has outcropping spodumene deposits that are continuations of our existing deposits and increases the overall size potential of the Cali project."

Li-FT Power provides update on acquisition of Shorty West lithium claim

Li-FT Power announces that, at the request of Infinity Stone Ventures Corp., it has terminated the mineral property purchase agreement dated July 17, 2024, regarding the Shorty West lithium mineral claim. In connection with the termination, beneficial ownership of the claim, which is adjacent to the company's Yellowknife lithium project, was transferred to an arm's-length private entity. The company has entered into a mineral property purchase agreement dated Aug. 16, 2024, with that entity to acquire the claim in consideration of the issuance 12,000 common shares, which is the same consideration which was offered to Infinity Stone. The shares, once issued, will be subject to applicable resale restrictions under Canadian securities laws. The completion of the acquisition is subject to the approval of the TSX Venture Exchange. No finders' fees are payable in connection with the acquisition.

Li-FT Power announces issuance of deferred share units

The company announces that it has granted 7,544 deferred share units to certain independent directors of the company in lieu of interim director fees previously paid in cash, at a fair market value of $2.65 per DSU. The DSUs were granted pursuant to the company's omnibus share incentive plan, which was approved by shareholders on Feb. 13, 2024. Each DSU represents the right to receive one common share in the share capital of the company. The DSUs will vest on Aug. 31, 2025, and are settled in accordance with the terms of the share incentive plan, a copy of which is available on the company's SEDAR+ profile.

Qualified person

The disclosure in this news release of scientific and technical information regarding Li-FT Power's mineral properties has been reviewed and approved by Ron Voordouw, PhD, PGeo, partner, director of geoscience, Equity Exploration Consultants Ltd., a qualified person as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects), member in good standing with the Northwest Territories and Nunavut Association of Professional Engineers and Geoscientists (NAPEG) (geologist registration No. L5245).

About Li-FT Power Ltd.

Li-FT Power is a mineral exploration company engaged in the acquisition, exploration and development of lithium pegmatite projects located in Canada. The company's flagship project is the Yellowknife lithium project located in Northwest Territories, Canada. Li-FT Power also holds three early-stage exploration properties in Quebec, Canada, with excellent potential for the discovery of buried lithium pegmatites, as well as the Cali project in Northwest Territories within the Little Nahanni pegmatite group.

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