Mr. Francis MacDonald reports

LIFT INTERSECTS 14 M AT 1.24% LI2O AT THE BIG EAST PEGMATITE, YELLOWKNIFE LITHIUM PROJECT, NWT

Li-FT Power Ltd. has released assays from five drill holes completed at the Fi Southwest, Shorty and BIG East pegmatites within the Yellowknife lithium project (YLP) located outside the city of Yellowknife, NWT. Drilling has intersected significant intervals of spodumene mineralization, with the following highlights.

Highlights:

• YLP0037: 33 metres (m) at 0.71 per cent lithium oxide (Li2O), including 13 m at 1.13 per cent Li2O (Fi Southwest);
• YLP0040: eight m at 1.26 per cent Li2O (Shorty);
• YLP0043: 13.67 m at 1.22 per cent Li2O, including seven m at 1.64 per cent Li2O and (BIG East):
  • And 11 m at 0.84 per cent Li2O;
  • And 14 m at 1.24 per cent Li2O;
• YLP0047: 16 m at 0.94 per cent Li2O, including 12 m at 1.15 per cent Li2O (Fi Southwest).

Discussion of drill results

Drill hole YLP0037 intercepted 33 metres of 0.71 per cent Li2O of the Fi Southwest pegmatite from 55 metres. Within that interval from 60 metres, there is 13 metres that averages 1.13 per cent Li2O. The pegmatite is a moderately dipping dike that trends for over 800 metres on surface with an average width of 25 metres. The hole was drilled toward the south end of the dike. A narrow, barren pegmatite dike was also intercepted from 99 metres to 108 metres. Drill hole YLP0046 did not intercept pegmatite demonstrating the southern limit of the dike. On the other hand, drill hole YLP0047 that was collared near the north end of the dike intercepted 16 metres of 0.94 per cent Li2O from 64 metres, including 12 metres of 1.12 per cent Li2O from 67 metres.

Drill hole YLP0040 was drilled in the mid-section of the Shorty dike where it intercepted eight metres of 1.26 per cent Li2O from 157 metres.

Drill hole YLP0043 was drilled in the southern section of the BIG-East dike complex, intersecting three pegmatite dikes. The hole collared in pegmatite at 1.33 metres, intersecting 13.67 metres of 1.22 per cent Li2O, including seven metres of 1.64 per cent Li2O from seven metres. Further down the hole, 11 metres of 0.84 per cent Li2O were intercepted from 26 metres. The last dike had an intercept of 14 metres of 1.24 per cent Li2O from 42 metres.

Spodumene is the primary lithium mineral constituent of the dikes and occurs with varying amounts of quartz, feldspar and muscovite.

QA/QC (quality assurance/quality control) and core sampling protocols

All drill core samples were collected under the supervision of Li-FT employees and contractors. Drill core was transported from the drill platform to the logging facility where it was logged, photographed and split by diamond saw prior to being sampled. Samples were then bagged and blanks and certified reference materials were inserted at regular intervals. Field duplicates consisting of quarter-cut core samples were also included in the sample runs. Groups of samples were placed in large bags, sealed with numbered tags in order to maintain a chain of custody and transported from Li-FT's core logging facility to the ALS Labs laboratory in Yellowknife, NWT.

Sample preparation and analytical work for this drill program were carried out by ALS. Samples were prepared for analysis according to ALS method CRU31: individual samples were crushed to 70 per cent passing through two millimetres (mm) (10 mesh) screen; a 1,000-gram subsample was riffle split (SPL-21) and then pulverized (PUL-32) such that 85 per cent passed through 75-micron (200 mesh) screen. A 0.2-gram subsample of the pulverized material was then dissolved in a sodium peroxide solution and analyzed for lithium according to ALS method ME-ICP82b. Another 0.2-gram subsample of the pulverized material was analyzed for 53 elements according to ALS method ME-MS89L. All results passed the QA/QC screening at the lab, all inserted standards and blanks returned results that were within acceptable limits.

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, exploration, of Li-FT and a qualified person as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects).

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.

We seek Safe Harbor.