Mr. Francis MacDonald reports

LI-FT CLOSES ACQUISITION OF 100% INTEREST IN THE DESTAFFANY, LDG & MACKAY LITHIUM PROJECTS, NWT, CANADA

Li-FT Power Ltd. has closed the previously announced definitive agreement with North Arrow Minerals Inc. to acquire a 100-per-cent interest in the DeStaffany, LDG and Mackay lithium projects, located in the Northwest Territories, Canada.

Francis MacDonald, chief executive officer and director of Li-FT, commented, "We are excited to close this acquisition with North Arrow and get on the ground this year to further evaluate the additional DeStaffany lithium pegmatite dikes within our Yellowknife lithium project area with the intention of growing our lithium resource base."

Under the terms of the agreement, Li-FT acquired all rights, title and interest in the DeStaffany, LDG and Mackay lithium projects (represented by 14 mineral claims and six leases) in exchange for the issuance of 250,000 common shares of Li-FT to North Arrow Minerals, which are subject to a statutory four-month hold period expiring May 24, 2025. The acquisition also includes the transfer of associated reclamation bonds, ensuring responsible environmental stewardship as these projects are developed, of which Li-FT will make a postclosing cash reimbursement of approximately $47,500 to North Arrow related to the reclamation bond for the DeStaffany lithium project.

The DeStaffany mining claims are subject to a 2-per-cent gross overriding royalty, of which one-half (1 per cent) may be repurchased at any time on payment of $2-million to the royaltyholder. In addition, the LDG project is subject to a 2-per-cent gross overriding diamond royalty, and the lease forming a part of the LDG project is also subject to a 2-per-cent net smelter returns royalty. Both of those royalties contain buyback provisions for one-half (1 per cent) through payments to the royaltyholder of $2-million and $3-million, respectively.

The transaction received the approval of the TSX Venture Exchange.

DeStaffany lithium project

The DeStaffany lithium property covers 1,843 hectares located on the north-central shore of Great Slave Lake, approximately 18 kilometres northeast of the Nechalacho mine and 115 km east of Yellowknife. The property hosts the Moose 1 and Moose 2 lithium-tantalum-niobium-bearing pegmatites. The pegmatites were initially evaluated in the 1940s for tantalum and niobium but have never been subject to a focused evaluation of their lithium potential. New discoveries are possible within the property as highlighted by the identification of additional pegmatites by a predecessor company to North Arrow. At the time, these pegmatites were not described or evaluated for their lithium potential.

The Moose 1 pegmatite has never been drilled but has been traced over a 370 m strike, averaging 4.5 m to 6.0 m in width with a maximum width of approximately 11 m, and hosts spodumene mineralization that returned 1.5 per cent lithium oxide over 7.5 m from historic channel sampling in 2009. Additional historic surface samples have returned from background values to 4.1 per cent Li2O.

The Moose 2 pegmatite has been mapped over a 450 m strike length and is up to 30 m wide. The pegmatite was bulk sampled and test mined for its tantalum and niobium potential in the 1940s and 1950s, producing tantalum, niobium and lithium concentrates, but has never been evaluated or drilled for its lithium potential. Spodumene mineralization is common throughout the pegmatite, with elevated lithium analyses of up to 2.73 per cent Li2O returned from samples along at least a 250 m strike length of the body.

The Moose pegmatites are located within one km of Great Slave Lake, providing good year-round access to the property from both Yellowknife and Hay River on the south side of lake. Next steps for the property will include preparation for mapping, sampling and prospecting fieldwork ahead of initial drill testing of these mineralized spodumene pegmatites.

LDG lithium project

The LDG project comprises 8,600 hectares of mineral claims and leases that are located 15 km southwest of Rio Tinto's Diavik diamond mine. To date, 10 spodumene pegmatite occurrences have been discovered by prospecting which have outcropping dimensions of up to 20 m in width and 400 m in length. The project area is covered by till which can be used as an exploration medium to discover buried deposits.

Mackay lithium project

The MacKay project comprises 8,600 hectares of mineral claims approximately 30 km to the south of the Rio Tinto's Diavik diamond mine. To date, two spodumene occurrences have been discovered by prospecting. MK1 comprises a series of irregular subparallel pegmatite dikes ranging from 0.5 m to greater than 10 m wide over a combined width of up to 150 m and traced over an interpreted strike extent of greater than 400 m; hand samples from four locations along a 120 m strike have returned 2.45 per cent, 2.51 per cent, 2.76 per cent and 3.74 per cent Li2O.

MK3 (located about 4.5 km east-northeast of MK1) is a prominent 15 m to 20 m wide, white pegmatite exposure traced near continuously along strike for approximately 130 m; five representative grab samples returned 5.25 per cent, 4.08 per cent, 2.71 per cent, 1.92 per cent and 1.10 per cent Li2O.

Qualified person

The disclosure in this news release of scientific and technical information regarding Li-FT's mineral properties has been reviewed and approved by Ron Voordouw, PhD, PGeo, partner, director, geoscience, Equity Exploration Consultants Ltd., and a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects (NI 43-101), and 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 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 Northwest Territories within the Little Nahanni pegmatite group.

We seek Safe Harbor.