Mr. Francis MacDonald reports

LIFT IDENTIFIES THOUSANDS OF SPODUMENE GRAINS IN AN INDICATOR MINERAL STUDY AT THE NOTTAWAY LITHIUM PROJECT, QUEBEC

Li-FT Power Ltd. has provided an update on the exploration results from the Nottaway lithium project, located in the Eeyou Istchee region of Quebec.

During the summer of 2025, Li-FT collected 49 till samples for indicator mineral analysis in areas with very limited outcrop. The samples were processed by Overburden Drilling Management (ODM), where density concentrates were produced to identify spodumene grains that could signal the presence of nearby spodumene-bearing pegmatites hidden beneath till cover. This work outlined a one-by-three-kilometre area of elevated spodumene grain counts within the project area, highlighting the potential presence of a concealed pegmatite system under cover.

Francis MacDonald, chief executive officer of Li-FT, comments: "The tenor of these spodumene counts is exceptional -- values greater than 2,000 grains are rarely seen in Canadian glacial sediments. Now that we have defined a clear up-ice source for these grains within a well-defined dispersion train, we feel Li-FT has a compelling lithium-pegmatite discovery opportunity on our hands. This work is occurring in an area already known for hosting giant spodumene pegmatites -- Q2 Metals' Cisco discovery is located just nine kilometres from our claim boundary."

Spodumene counts by ODM returned five significant results of greater than 200 spodumene grains. The best sample returned more than 800 grains from the dense mineral fraction and approximately 1,200 grains from the mid-density fraction for a total of 2,000 spodumene grains. On the property-scale map, this result is accompanied by sample No. 116928, which returned a total of approximately 400 spodumene grains.

Up-ice of these two samples, ODM recovered a sequence of only one, and zero grains, forming a clear up-ice cut-off. The abundance, concentration and isolation of these high counts suggests that there is excellent potential for an undiscovered spodumene-bearing pegmatite within Li-FT's project area.

About the Nottaway lithium project

The Nottaway project is located on the southern margin of the Frotet-Evans greenstone belt, where basalts of the Rabbit formation are tightly bound by the Salamandre and Theodat tonalite-granodiorite intrusions that emplaced along the Nottaway shear zone during the Neoarchean orogeny. This places Nottaway within the same broader tectono-magmatic architecture responsible for the emplacement of the Moblan and Cisco lithium pegmatite systems to the north and east of the project, respectively.

On Jan. 31, 2025, Li-FT entered into an agreement with a private individual for an option to purchase the Nottaway project for the following terms:

Cash payments

• $30,000 on signing;
• $50,000 on or before the first anniversary;
• $500,000 on or before the second anniversary.

Exploration expenditures

• $50,000 in exploration expenditures by the first anniversary;
• $200,000 in exploration expenditures on or before the second anniversary.

Royalty interest

1-per-cent net smelter royalty with 0.5 per cent buyable for $500,000

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

• The survey consisted in 10-kilogram till samples, collected in the field by digging a hole using hand shovels until the sampler reached the C-Horizon (below the red-brown B-Horizon). Samples were collected in the C-Horizon (or B-Horizon if the hole got too deep, that is greater than 1.0 metre) of the till column and are hand-cleaned from large pebbles, fallen detritus, organic material and other horizon remnants. A sample of approximately 10 kg is taken from the hole and placed in a white rice plastic bag with a sample tag inserted into the bag and the corresponding number written in black permanent marker on the outside of the bag.
• Samples are described in detail in a notebook on in a Fulcrum application before being tied. GPS co-ordinates and a brief description were also recorded for each individual sample. The descriptions include the material collected, the matrix of the material, its colour, wetness, the amount of pebbles and their lithologies, the presence of quartz fragments, et cetera. Sample bags are then sealed using plastic zip ties before being removed from the field.
• Till samples were shipped to Overburden Drilling Management (ODM) in Ottawa, Ont., for processing by panning and a shaking table to produce heavy mineral concentrates, ODM further refined the concentrates using heavy liquid separation to produce mid-density concentrates which they then picked for indicator minerals. Representative spodumene and other minerals are checked using a scanning electron microscope to confirm identification. ODM removes a 500-gram archival split for each sample. A 200-gram split of each sample was sieved to negative 0.063 millimetre. All sample splits were panned for gold, PGMs (platinum group metals) and fine-grained metallic indicator minerals. The greater than 0.25 mm fraction is placed on a shaking table and the concentrates refined by heavy liquid separation at Specific Gravity (S.G.) of 3.0 and 3.2 to obtain mid-density and heavy mineral concentrates (MDCs and HMCs). The 0.25 to 0.5 mm and S.G. 3.0 to 3.2 fraction was separated electromagnetically at 1.0 and 2.0 amps to obtain a concentrate of tourmaline (1.0 to 2.0 amp) and spodumene (greater than 2.0 amp) grains. The material consisting in 0.25 to 2.0 mm, with S.G. 3.0 to 3.2 and S.G. greater than 3.2 non-ferromagnetic MDC and HMC fractions were picked for indicator minerals. The material consisting in 1.0 to 2.0 mm, 0.5 to 1.0 mm and non-paramagnetic (greater than 1.0 amp) 0.25 to 0.5 mm HMC fractions was examined for scheelite by UV lamping and MDC fractions examined for spodumene by LW UV lamping.
• The 500 g subsample was shipped to Bureau Veritas (BV) in Timmins, Ont., for preparation. Samples were prepared for analysis according to BV method SS230 where individual samples were sieved to isolate the negative 230 mesh (negative 63 micrometres) fraction. Prepared samples were then sent and analyzed at BV in Vancouver, B.C., with methods MA250 (four-acid digestion with ICP-MS finish) for multielement data (0.25-gram split is heated in HNO3, HClO4 and HF to fuming and taken to dryness). A 30-gram split was analyzed with BV method AQ130 (aqua regia with ICP-MS finish) for gold analysis.

Qualified person

The sampling protocol and technical content of this news release has been reviewed and approved by Steven Lauzier, PGeo, president, chief executive officer and geologist, SL Exploration Inc., a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects (NI 43-101) and member in good standing of the Quebec Order of Geologists (No. 1430). The qualified person is not independent from the company.

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.

We seek Safe Harbor.