Mr. Francis MacDonald reports

LIFT FILES FINAL BASE SHELF PROSPECTUS TO REPLACE EXPIRED SHELF PROSPECTUS

To replace its prior base shelf prospectus that expired on Oct. 21, 2025, Li-FT Power Ltd. has filed and obtained a receipt for a final short form base shelf prospectus. The base shelf prospectus was filed with the securities regulatory authorities in each of the provinces and territories of Canada.

The base shelf prospectus permits the company to make offerings of common shares, warrants, subscription receipts, units or debt securities, or a combination thereof, up to an aggregate total of $200-million dollars during the 25-month period that the base shelf prospectus remains effective, which is until December, 2027.

The base shelf prospectus provides the company with financial flexibility and the capability to access capital markets quickly, when available, to finance its continuing capital needs over the next two years. The specific terms of any offering of securities (if any) will be set forth in one or more shelf prospectus supplement(s) to the base shelf prospectus, which will be filed with the applicable Canadian securities regulatory authorities in connection with any such offering.

Each prospectus supplement will contain specific information concerning, among other matters, the securities to be issued and the use of proceeds from any such issuance. There is no certainty that any securities will be offered or sold under the base shelf prospectus. A copy of the base shelf prospectus is available on the company's issuer profile on SEDAR+, and may also be obtained by contacting the corporate secretary of the company by e-mail at info@li-ft.com.

Notice of change to financial year-end

The company announces a change in its financial year-end from Nov. 30 to Dec. 31. The change in financial year-end has been made to align the timing of the company's financial reporting obligations with its internal budgeting and forecasting process and with its peers. The next financial year-end of the company for its transition year will occur on Dec. 31, 2025. Further details regarding the change in financial year-end is available in the company's notice of change in year-end prepared in accordance with Section 4.8 of National Instrument 51-102 (Continuous Disclosure Obligations) and filed under 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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