An anonymous director reports

LI-FT ANNOUNCES OVERNIGHT MARKETED PUBLIC OFFERING

Li-FT Power Ltd. has commenced an overnight marketed best efforts public offering of flow-through common shares of the company that will qualify as flow-through shares (within the meaning of Subsection 66(15) of the Income Tax Act (Canada)) at a price of $8.65 per flow-through share. The number of flow-through shares to be distributed in connection with the offering and the aggregate gross proceeds of the offering will be determined in the context of the market.

The offering is being conducted through a syndicate of agents led by Canaccord Genuity Corp.

The offering will be conducted pursuant to the company's Canadian base shelf prospectus dated Sept. 21, 2023. A prospectus supplement relating to the offering will be filed in each of the provinces of Canada, except the province of Quebec, and may be offered in the United States on a private placement basis pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended, and applicable state securities laws, and certain other jurisdictions outside of Canada and the United States. The base shelf prospectus is available and the prospectus supplement will be available under the company's profile on SEDAR+.

The gross proceeds of the offering will be used by the company to incur eligible Canadian exploration expenses that will qualify as flow-through critical mineral mining expenditures as such terms are defined in the Income Tax Act (Canada) related to the company's Yellowknife lithium project, located in the Northwest Territories, Canada, on or before Dec. 31, 2024. All qualifying expenditures will be renounced in favour of the subscribers effective Dec. 31, 2023.

It is anticipated that closing of the offering will occur on or about Nov. 17, 2023, or such other date or dates as the company and the agents may agree. The offering is subject to the satisfaction of certain conditions, including receipt of all applicable regulatory approvals, including the approval of the TSX Venture Exchange.

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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