Mr. Francis MacDonald reports

LIFT ANNOUNCES KEY EXECUTIVE APPOINTMENTS FOR NEXT PHASE OF DEVELOPMENT

Li-FT Power Ltd. has appointed Jeff Reinson, MSc, as chief operating officer of the company and Dr. April Hayward, PhD, MBA, as executive vice-president, external affairs and strategic partnerships, effective July 20, 2026.

Appointment of Mr. Reinson to chief operating officer

Mr. Reinson joined Li-FT in February, 2026, as senior vice-president of development and brings more than 25 years of project and engineering leadership experience across a range of mining operations. Prior to joining Li-FT, he served as vice-president of operations at Burgundy Diamond Mines, where he oversaw the 24-hour-a-day/seven-day-a-week operations of the Ekati diamond mine, and as Chief operating officer at First Mining Gold Corp., leading its continuing exploration, prefeasibility engineering studies, as well as their environmental, permitting and community engagement work for the recently federally approved environmental assessment of the Springpole gold project in Northern Ontario.

Mr. Reinson began his career as a geotechnical engineer with Golder Associates working on both underground and open-pit mining projects across Canada. Throughout his career, he has held progressively more senior operational and project development leadership roles with internationally recognized mining companies, including Rio Tinto, Goldcorp and Newmont. Mr. Reinson's leadership at Rio Tinto's Diavik diamond mine was instrumental in its safe and successful production growth from a single open-pit operation to multiple open-pit and concurrent underground operations. At Goldcorp/Newmont, Mr. Reinson's operational and project development leadership at its world-class Penasquito operation in Mexico was pivotal in its transformation into becoming the fifth-largest silver mine in the world. He holds a master of science (MSc) in civil engineering from the University of Saskatchewan that he has combined with experience on exceptional projects, leading organizations in advancing projects from concept to reality.

In connection with his appointment, Mr. Reinson will relocate to Montreal later this year, where he will establish the company's Montreal office and lead the buildout of Li-FT's operational presence in Quebec, in close proximity to the company's portfolio of hard-rock lithium projects in the James Bay region.

Mr. Reinson, COO of Li-FT, commented: "I am truly energized as I step into the role of chief operating officer at Li-FT Power and extend my sincere gratitude to our CEO, board and executive team for their trust and confidence in my leadership approach to deliver on Li-FT's vision. Securing critical minerals is increasingly vital as the global electrification movement accelerates.

"Knowing our exceptional operational and project teams, I am confident we will drive excellence in both exploration and project development, working together to consistently advance modern safety, efficiency, environmental stewardship and meaningful, transparent community engagement. I look forward to enhancing Li-FT's long-term strategic growth and delivering sustainable value to our shareholders."

Appointment of Dr. Hayward to executive vice-president, external affairs and strategic partnerships

Transitioning from her previous role as Li-FT's chief sustainability officer, Dr. Hayward will lead the company's strategic partnership initiatives, spanning commercial opportunities, indigenous and government relations, and industry collaborations. In this capacity, she will focus on pursuing non-dilutive financing opportunities, strengthening relationships with indigenous and public-sector partners, and developing partnerships that support project development timelines and enhance long-term shareholder value.

With more than 25 years of experience spanning the academic, public and private sectors, Dr. Hayward combines on-site operational experience, project development expertise and corporate finance training with a proven ability to advance complex resource projects. Throughout her career, she has helped companies navigate critical value inflection points by aligning technical, operational, social, regulatory and commercial objectives to reduce risk and build enterprise value.

Dr. Hayward's previous executive background includes roles as chief sustainability officer and vice-president of sustainable development for Mountain Province Diamonds Inc., and superintendent of environment for Dominion Diamond Mines. She currently serves as a director and finance committee member for the Northwest Territories and Nunavut Chamber of Mines. Dr. Hayward holds a PhD in ecology from McMaster University (2007) and an MBA in finance from the Haskayne School of Business at the University of Calgary (2022).

Dr. Hayward, executive vice-president, external affairs and strategic partnerships, of Li-FT, commented: "Li-FT has built an exceptional portfolio of critical minerals assets. The next stage of value creation is about securing the strategic partnerships, commercial relationships and innovative capital pathways that will unlock their full potential. I look forward to working closely with our indigenous, public-sector and industry partners to position Li-FT for its next phase of growth."

Francis MacDonald, president and chief executive officer of Li-FT, commented: "These appointments reflect the evolution of Li-FT from explorer to developer and the calibre of leadership required for our next phase of growth. Since joining Li-FT as senior vice-president of development, Jeff has demonstrated exceptional leadership and a deep understanding of our portfolio, and his proven track record across project development, engineering and operations makes him the right person to lead our operational team as we advance our projects. April has played an instrumental role in advancing Li-FT from exploration to development, and her ability to translate technical and ESG [environmental, social and governance] complexity into commercial strategy makes her ideally suited to drive the partnerships that will enhance project value and support our path toward production. Together, these appointments strengthen the executive team at exactly the right moment for the company."

The company further announces the grant of equity incentive awards to an officer pursuant to its omnibus share incentive plan, which was approved by shareholders on May 15, 2026. The company has granted 75,000 incentive stock options and 10,000 restricted share units. The options are exercisable at a price of $3.36 per share and will fully vest after two years, with one-quarter of the total options vesting at each six-month anniversary, subject to continued service, and will expire five years from the date of grant. The RSUs will vest in equal annual instalments over a three-year period, subject to continued service, and will be settled in common shares upon vesting at a deemed price of $3.36 per share, in accordance with the terms of the plan.

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 Adina-Galinee lithium project in the Eeyou Istchee James Bay region of Quebec and the Yellowknife lithium project in the Northwest Territories. Li-FT also holds early-stage exploration properties in both jurisdictions.

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