Mr. Francis MacDonald reports

LIFT FILES NI 43-101 TECHNICAL REPORT ON THE YELLOWKNIFE LITHIUM PROJECT, NWT, CANADA

Li-FT Power Ltd., further to its news release dated Oct. 1, 2024, has filed a National Instrument 43-101 technical report for its Yellowknife lithium project on SEDAR+. The report, titled, "Initial Mineral Resource Estimate for the Yellowknife Lithium Project, Northwest Territories, Canada," presents an initial mineral resource estimate (MRE) for eight of 13 spodumene-bearing pegmatite dikes at the project. The consolidated in-pit MRE is reported at 50.4 million tonnes grading 1.00 per cent Li2O, totalling 506,000 tonnes of Li2O (1.25 million tonnes of lithium carbonate equivalent or LCE) in the inferred category.

The technical report has an effective date of Sept. 25, 2024, and a report date of Nov. 13, 2024. Allan Armitage, PhD, PGeo, and Ben Eggers, BSc (honours), MAIG, PGeo, of SGS Geological Services, acted as qualified persons as defined under NI 43-101. The report is available under Li-FT's profile on SEDAR+.

About Li-FT Power Ltd.

Li-FT 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 the Northwest Territories, Canada. Li-FT 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 the Northwest Territories within the Little Nahanni pegmatite group.

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