Mr. Francis MacDonald reports

LIFT INITIATES SURFACE EXPLORATION PROGRAM AT THE CALI PROPERTY NWT, CANADA

Li-FT Power Ltd. has started exploration activities at the 100-per-cent-owned Cali lithium project located in the Little Nahanni pegmatite group in western Northwest Territories, Canada.

The Cali property hosts a series of north-northwest-trending spodumene pegmatite dikes located at the northern end of a 13-kilometre-long spodumene pegmatite dike trend known as the Little Nahanni pegmatite group. The Cali property is located approximately six kilometres from the Howard's Pass access road and 50 kilometres to the northwest of the past-producing Cantung mine.

Historical geological mapping within the Li-FT concessions describes the dikes as outcropping over a 500-metre strike length, having a 300 m outcropping vertical extent, and occurring as parallel dikes in corridors up to 100 metres wide. Float mapping, as verified by Li-FT management in a recent site visit, in areas where the dikes trend under cover suggests that the lithium-bearing dikes on the property could be up to 1,100 m in length. The current exploration program has been designed to better understand the average grade across the dike's exposed strike length to 300 metres vertical, with systematic rock sampling and mapping. Prospecting for other parallel dikes and dike extensions trending onto the Cali project from the south will also be carried out through detailed soil sampling.

Francis MacDonald, chief executive officer of Li-FT, comments: "During our recent field visit to the Cali property in late June, we were very impressed with the amount of spodumene-bearing boulders covering the surface. The spodumene percentages that we observed were quite high and we also expect very good grades to come back from surface sampling. The extent of this spodumene pegmatite dike swarm is impressive and we believe there is excellent potential at the Cali project to demonstrate a large spodumene resource that is also relatively close to transportation infrastructure."

The company plans to integrate the data collected into a 3-D geology model for exploration targeting and planning for an exploration/resource definition drill program in summer 2024. The company is in the final stages of a land use permit application for advanced exploration activities, which includes drilling.

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 Carl Verley, PGeo, vice-president of exploration for 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 (QA/QC) 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 group.

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