Mr. Francis MacDonald reports

LIFT CLOSES C$23 MILLION PUBLIC OFFERING

Li-FT Power Ltd. has completed its previously announced bought deal public offering of 7,935,000 common shares of the company, which includes the exercise in full of the overallotment option, at a price of $2.90 per offered share, for gross proceeds of $23,011,500.

The offering was conducted by a syndicate of underwriters led by Canaccord Genuity Corp., as lead underwriter and sole bookrunner, and including BMO Capital Markets, Raymond James Ltd., ATB Cormark Capital Markets and SCP Resource Finance LP. The underwriters received a cash commission equal to 5.0 per cent of the aggregate gross proceeds of the offering, other than on certain president's list orders on which a reduced cash commission of 2.5 per cent was paid.

The company intends to use the net proceeds from the offering to finance the estimated care and maintenance costs for the first year of the Renard option period under the Renard option agreement and for working capital, as described in the company's prospectus supplement dated Aug. 6, 2026, to the company's short form base shelf prospectus dated Nov. 14, 2025.

An executive of the company participated in the offering. Such insider participation in the offering constituted a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, for which the company was exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a) thereof, respectively. The company did not file a material change report 21 days before closing the offering as such participation by such insider was not settled until shortly prior to closing and the company wished to close the offering as expeditiously as possible for sound business reasons. The material change report to be filed by the company in connection with the closing of the offering will contain additional details with respect to such insider participation.

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.

We seek Safe Harbor.