Mr. Francis MacDonald reports

LI-FT POWER PROVIDES FINANCING UPDATE

Li-FT Power Ltd. has provided updates as to its previously announced offerings outlined in its joint press release with Winsome Resources Ltd. issued on Dec. 15, 2025 (Perth time).

As outlined in the initial press release, in connection with the company's proposed acquisition of Winsome, the company entered into agreements with Canaccord Genuity Corp., as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters, to raise aggregate gross proceeds of approximately $40-million, consisting of:

• The subscription receipt offering:
  • 3,876,000 flow-through subscription receipts of Li-FT at a price of $6.45 for gross proceeds of $25,000,200;
  • 1,162,800 subscription receipts of Li-FT at a price of $4.30 for gross proceeds of $5,000,040;
• The non-subscription receipt offering:
  • 775,200 flow-through common shares of Li-FT at the flow-through issue price for gross proceeds of $5,000,040;
  • 1,162,800 common shares of Li-FT at the non-flow-through issue price for gross proceeds of $5,000,040.

Additionally, in connection with: (i) the offering of the subscription receipts, Li-FT granted the underwriters an option to sell up to $4.5-million of additional subscription receipts, in any combination as agreed to between Li-FT and the underwriters, at the applicable offering prices; and (ii) the offering of the shares, Li-FT granted the underwriters an option to sell up to $2-million of additional shares, in any combination as agreed to between Li-FT and the underwriters, at the applicable offering prices. Each of the foregoing options of the underwriters shall be exercisable, in whole or in part, until two days prior to the closing date (as defined below).

The company hereby advises that the issuance price specifically for the flow-through subscription receipts has been increased from $6.45 to $6.88 per flow-through subscription receipt, such that the gross proceeds expected to be raised by the company from the sale of the 3,876,000 flow-through subscription receipts has increased from $25,000,200 to $26,666,880, excluding any exercise of the applicable underwriters' option noted above.

The offerings are currently scheduled to close on or about Jan. 29, 2026. Closing is subject to receipt of all requisite approvals, including of the TSX Venture Exchange.

All other material terms of the offerings remain unchanged. Please refer to the initial press release (dated Dec. 15, 2025) for further details.

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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