Mr. Francis MacDonald reports

LI-FT CLOSES $10.1 MILLION IN FLOW-THROUGH SHARE FINANCINGS

Li-FT Power Ltd. has closed the previously announced marketed public offering of 1,179,500 common shares of the company issued on a flow-through basis at a price of $6.05 per flow-through share. The public offering generated aggregate gross proceeds of $7,135,975. The flow-through shares will qualify as flow-through shares (within the meaning of Subsection 66(15) of the Income Tax Act (Canada)).

The public offering was led by Canaccord Genuity Corp. on behalf of a syndicate of agents, including SCP Resource Finance LP and Beacon Securities Ltd.

The public offering was completed pursuant to a prospectus supplement dated March 20, 2024, to the company's Canadian amended and restated base shelf prospectus dated Dec. 22, 2023. The base shelf prospectus and the prospectus supplement are available under the company's profile on SEDAR+.

In connection with the public offering, the company paid to the agents a cash commission of 5.0 per cent of the gross proceeds from the public offering, excluding gross proceeds from the sale of flow-through shares to purchasers on a president's list of the company in respect of which the agents' cash commission was equal to 2.0 per cent of the gross proceeds from such sales.

Additionally, the company completed a concurrent non-brokered private placement of 689,660 common shares of the company issued on a flow-through basis at a price of $4.35 per private placement flow-through share for gross proceeds of $3,000,021. The private placement flow-through shares will qualify as flow-through shares (within the meaning of Subsection 66(15) of the Income Tax Act (Canada)). No finders' fees were paid in connection with the private placement. All of the private placement flow-through shares issued pursuant to the private placement are subject to resale restrictions under applicable Canadian securities legislation until July 28, 2024.

The gross proceeds of the public offering and private placement 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, 2025. All qualifying expenditures will be renounced in favour of the subscribers effective Dec. 31, 2024.

About Li-FT Power Ltd.

Li-FT Power 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 the Northwest Territories, Canada. Li-FT Power 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 the Northwest Territories within the Little Nahanni pegmatite group.

We seek Safe Harbor.