Li-FT Power Ltd. reported assays from 8 drill holes completed at the Echo, Fi Main, Fi Southwest & Nite pegmatites within the Yellowknife Lithium Project (?YLP?) located outside the city of Yellowknife, Northwest Territories. Drilling intersected significant intervals of spodumene mineralization, with the following highlights: YLP-0223: 14 m at 1.55% Li2O, (Echo) YLP-0226: 13 m at 1.45% Li2O, (Echo) YLP-0217: 10 m at 0.93% Li2O, (Echo) and: 2 m at 0.63% Li2O YLP-0219: 9 m at 0.97% Li2O, (Fi Main) This news release provides results for eight drill holes (1,916 m), six of which are from ongoing 2024 winter drilling and two from the 2023 program. Three holes are reported from the Echo pegmatite, two each on Fi Southwest and Nite, and one from Fi Main.

A table of composite calculations, general comments related to this discussion, and a table of collar headers are provided towards the end of this section. Echo Pegmatite System: The Echo pegmatite complex comprises a fanning splay of moderate to gently dipping dykes for 0.5 km to the northwest (?Echo splay?), apparently sourced from a steeply dipping, northwest-trending, feeder dyke (?Echo feeder?). The dyke complex has a total strike length of over 1.0 km.

The feeder dyke is 10-15 m wide whereas the gently dipping dykes in the splay are thicker, ranging from 10-25 m wide. The holes in this news release were drilled into both the Echo splay and Echo feeder dyke. YLP-0223 is the first hole reported from the Echo feeder dyke and was drilled to test 250 m from its northern mapped extent and 25 m below the surface.

Drilling intersected a single 15 m wide pegmatite dyke that returned an assay composite of 1.55% Li2O over 14 m. Fi Main Pegmatite: The Fi Main pegmatite complex crops out over at least 1.5 km of strike length within a north-south striking corridor that dips between 70°-85° to the west. The central stretch of the complex consists of a 25-30 m thick dyke that is flanked by one or more <5 m wide dykes within a 25-75 m wide corridor. This thick dyke splits to the north and south to form a wider corridor (75-150 m) that hosts a similar volume of pegmatite spread over more and generally narrower dykes.

YLP-0219 was drilled to test the southern part of the Fi Main pegmatite at 150-250 m below the surface. Previously released drill holes that returned on-section intersections of upper pegmatite include YLP-0008 (0.89% Li2O over 20 m, 25 m depth) and YLP-0014 (0.74% Li2O over 23 m, 50 m). New drilling that targeted 150 m beneath the surface intersected a 23 m upper corridor with 17 m of pegmatite grading 0.97% Li2O over 9 m. Previous on-section intersections of lower pegmatite include 0.91% Li2O over 15 m at 75 m depth (YLP-0008) and negligible grade at 100 m depth.

(YLP-0014) New drilling intersected a 20 m wide lower corridor with 13 m of pegmatite that returned negligible grade. Fi Southwest Pegmatite The Fi Southwest (Fi-SW) pegmatite complex is exposed over at least 1.1 km on surface and occurs within a broader corridor that is 50-100 m wide and dips between 60°-80° to the east. The complex is cored by a 20-40 m wide main dyke that is continuous for at least 800 m along strike, with numerous sub-parallel subsidiary dykes between 1-5 m in width.

At its northern and southern ends, the main dyke splays out into a broader corridor with more dykes that have narrower widths. YLP-0201 and YLP-0206 both tested the northern splay. YLP-0201 was drilled on a section 150 m beyond the mapped northern extent of the main dyke to test at 50 m below the surface.

Drilling intersected a 63 m wide corridor with 7 m of pegmatite spread over two dykes, neither of which returned significant grade. YLP-0206 was collared on a section 100 m south of YLP-0201 to test at 250 m below the surface and just beyond the mapped northern tip of the main dyke. Previously released drilling on this section returned 1.03% Li2O over 24 m from 50-100 m depth (YLP-0051), 1.32% Li2O over 14 m from 125-150 m (YLP-0075), and 1.06% Li2O over 16 m from 150-175 m depth (YLP-0081).

New drilling intersected a 24 m wide corridor with 19 m of pegmatite that assayed negligible grade. Nite Pegmatite: The Nite pegmatite complex is exposed along 1.4 km of strike length as a swarm of parallel-trending dykes that occur within a north-northeast striking corridor dipping 50°-70° degrees to the east. The northern part of this complex consists of a 5-15 m thick dyke flanked by one or more 1-5 m dykes whereas the southern part comprises a fanning splay of 5-10 thin dykes within a 200 m wide corridor.

YLP-0194 was drilled to test the main pegmatite at 400 m from its northern mapped extent and 200-225 m below the surface. Previous drilling on the same section returned 1.24% Li2O over 5 m from 50 m depth (YLP-0152) and 0.87% Li2O over 6 m from 150 m (YLP-0192). New drilling intersected a 20 m wide corridor with 13 m of pegmatite that returned negligible grade.

YLP-0197 was collared on a section 200 m south of YLP-0194 to test the Nite main pegmatite at 250 m below the surface. Previously released drilling on the same section returned 0.58% Li2O over 17 m from 50 m depth (YLP-0196) and 0.81% Li2O over 13 m from 150 m (YLP-0198). New drilling intersected a 44 m wide corridor with 22 m of pegmatite that returned negligible grade.