Mr. Francis MacDonald reports

LIFT CLOSES SALE OF 313 CLAIMS IN QUEBEC TO POWER METALLIC MINES FOR $700,000 IN CASH AND 6,000,000 SHARES

Li-FT Power Ltd. has closed the previously announced definitive agreement with Power Metallic Mines Inc. for the sale of a 100-per-cent interest in 313 claims from the Rupert project in Quebec.

In consideration for the 313 claims, Li-FT received:

• $700,000 in cash on closing;
• Six million shares on closing, all of which are subject to a statutory hold period expiring on Nov. 12, 2025, and one-half of which are subject to an additional contractual resale restriction ending on July 11, 2026, being the date that is 12 months from the closing;
• 0.5-per-cent net smelter return (NSR) royalty (no buyback provision).

Li-FT's six-million-share position in Power Metallic Mines represents approximately 2.6 per cent of Power Metallic's outstanding shares, with an estimated current market value of $7-million.

Francis MacDonald, chief executive officer of Li-FT, commented: "We are pleased to complete this transaction with Power Metallic Mines, which allows us to unlock value from our portfolio while maintaining exposure to future exploration success in the region. This sale strengthens our balance sheet and provides us with additional flexibility to advance our core projects. We look forward to seeing the progress Power Metallic will make on these claims."

Li-FT announces DSU (deferred share unit) grant

Li-FT announces that it has granted a total of 20,407 DSUs to certain independent directors of the company in lieu of director fees for the second quarter at a fair market value of $2.51 per DSU. The DSUs were granted in accordance with the company's omnibus share incentive plan, which was approved by shareholders on May 8, 2025.

Each DSU represents the right to receive one common share in the share capital of the company. The DSUs vest one year from the grant date and are settled in accordance with the terms of the company's share incentive plan, a copy of which is available on the company's SEDAR+ profile.

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 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.

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