Mr. Francis MacDonald reports

LIFT ANNOUNCES COMMENCEMENT OF DRILLING AT THE ADINA-GALINEE LITHIUM PROJECT, QUEBEC

Li-FT Power Ltd. has commenced exploration activities at the Adina-Galinee lithium project (AGLP) and the Cancet, Tilly, Nottaway and Sirmac-Clapier properties, all located in Quebec, Canada.

Adina-Galinee lithium project

The AGLP was assembled by Li-FT through the acquisition of Winsome Resources Ltd. and agreements with Azimut Exploration Inc. and Soquem Inc. in 2026, resulting in a consolidated land position across this large spodumene pegmatite complex.

Li-FT's 2026 exploration program at the AGLP will include 163 diamond drill holes totalling 38,970 metres. This program is designed to advance the current mineral resource estimate through infill and expansion drilling on sections spaced 50 metres apart in plan view, with pierce points spaced approximately 75 metres apart on section, and testing mineralization to depths of up to 400 metres below surface.

Surface exploration will comprise approximately 680 till samples together with prospecting and geological mapping across 5,400 hectares of the project area (Table 1), with the objective of identifying additional spodumene pegmatite occurrences and generating brownfield exploration targets.

Cancet, Tilly, Sirmac-Clapier and Nottaway properties

The Cancet, Tilly, Sirmac-Clapier and Nottaway properties form part of Li-FT's Quebec lithium portfolio and range from advanced-stage to early-stage exploration projects. In 2026, Li-FT plans to complete till sampling, rock sampling and mapping (Table 1) to generate and prioritize additional drill targets across each property.

Francis MacDonald, president and chief executive officer of Li-FT, commented: "The commencement of drilling at Adina-Galinee marks the first exploration program on this pegmatite complex under single ownership. Having consolidated the district through the Winsome acquisition and our agreements with Azimut and Soquem, we can now approach Adina-Galinee the way it should be explored, as one contiguous system. With nearly 39,000 metres of drilling planned, this program is designed to both grow and derisk the current resource, while our surface programs across Cancet, Tilly, Sirmac-Clapier and Nottaway work to surface the next generation of targets in Quebec."

About Li-FT Power Ltd.

Li-FT is focused on developing a portfolio of hard-rock lithium assets in Canada, with core development assets in both Quebec and the Northwest Territories. The company owns the Yellowknife lithium project in the Northwest Territories and the Adina-Galinee lithium project in the Eeyou Istchee James Bay region of Quebec. Li-FT also holds early-stage exploration properties in both jurisdictions.

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 Dr. Ron Voordouw, PhD, PGeo, partner and director of geoscience at Equity Exploration Consultants Ltd. and a consultant to Li-FT Power. He is a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, as well as a member in good standing with the Northwest Territories and Nunavut Association of Professional Engineers and Geoscientists (NAPEG) (geologist registration No. L5245).

Competent person statement

Information in this announcement that relates to exploration results is based on and fairly represents information and supporting documentation obtained by Li-FT and reviewed and approved by Ben Eggers, MAIG, PGeo, senior geologist, SGS Canada Inc. (SGS Geological Services), a competent person who is a member of the Australian Institute of Geoscientists. Mr. Eggers has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a competent person as defined in the 2012 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). Mr. Eggers is an independent consultant with SGS Canada (SGS Geological Services) and Mr. Eggers consents to the inclusion in this announcement of the matters based on this information in the form and context in which it appears.

Past exploration results and mineral resource estimates reported in this announcement were first reported by the company in accordance with Australian Securities Exchange listing rules 5.7 and 5.8 in its prospectus lodged with ASIC on April 13, 2026, and released to ASX on May 22, 2026. The company confirms that it is not aware of any new information or data that materially affect the information included in the prospectus and that, in the case of the mineral resource estimates, all material assumptions and technical parameters underpinning the estimates in the prospectus continue to apply and have not materially changed. The company confirms that the form and content in which the competent person's findings are presented here have not been materially modified from the prospectus. Refer to the prospectus for further information.

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