Mr. Francis MacDonald reports

LI-FT INTERSECTS WIDE INTERVALS OF SPODUMENE PEGMATITE BELOW FI SOUTHWEST OUTCROP, YELLOWKNIFE LITHIUM PROJECT, NWT

Li-FT Power Ltd.'s initial drilling below the Fi Southwest pegmatite has intersected widths of spodumene-bearing pegmatite similar to surface exposures and the dike contains similar amounts of spodumene to what was reported in historic work completed in the 1970s and 1980s (locally 5 per cent to 50 per cent spodumene content).

Francis MacDonald, chief executive officer of Li-FT, commented: "We are pleased that, to date, the historic results produced by previous operators have been confirmed by our drilling at Fi Southwest. The presence of spodumene within the Fi Southwest dike over drill intersects of 33 to 80 metres suggests that the historic work was accurate and that the lithium pegmatite dikes have similar widths at depth to outcrops on surface. We look forward to initial assay results and continued diamond drilling that will extend the known pegmatite occurrences to depth."

Assay and reporting update

The first two holes from the 2023 diamond drill program (YLP0001 and YLP0002) have been sent to ALS laboratories. The company looks forward to providing initial assay results from the holes reported herein in due course.

Qualified person

The disclosure in this news release of scientific and technical information regarding Li-FT Power's mineral properties has been reviewed and approved by Carl Verley, PGeo, vice-president, exploration of Li-FT Power and a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects. No quality assurance/quality control review is available in relation to historical sampling and drilling on the Yellowknife project and results have not been verified by a qualified person as defined by NI 43-101. Past sampling and drilling results are not necessarily indicative of future results or performance from the Yellowknife property.

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 field.

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