Li-FT Power Ltd. reported assays from 8 drill holes completed at the Fi Southwest, BIG West, Nite, & Echo pegmatites within the Yellowknife Lithium Project located outside the city of Yellowknife, Northwest Territories. Drilling intersected significant intervals of spodumene mineralization, with the following highlights: This news release provides results for eight holes drilled for 1,116 m as part of the 2024 and 2023 exploration programs. These results include holes drilled on the Fi Southwest, Nite, Echo, and BIG West pegmatite complexes. 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.

The Fi SW dyke strikes over at least 1.1 km on surface with an average outcropping width of approximately 20 m. The dyke dips between 60°-80° to the east-southeast and trends towards the north-northeast. Drilling of Fi SW show that it ranges from a single 20-40 m wide dyke to 2-3 dykes of similar cumulative width within a 50-70 m wide corridor. YLP-0200 tested the Fi SW pegmatite approximately 250 m from its northern mapped extent and 50 m below the surface, and in between sections located 50 m north and 50 m south that, from 2023 drilling, returned intersections of 1.0-1.5% Li2O over 20-25 m to approximately 200 m depth.

New drilling intersected a single 26 m pegmatite that returned 1.31% Li2O over 19 m. The Echo pegmatite complex comprises a steeply dipping, northwest-trending, feeder dyke that splits into a fanning splay of moderate- to gently dipping dykes at its northwest end. The dyke complex has a total strike length of over 1.0 km with individual dykes up to 25 m wide. The holes described below were collared on the fanning splay part of the complex that consists of several subparallel moderate to shallow dipping dykes.

YLP-0202 tested the northwestern fanning splay of the Echo complex, within 100 m of its mapped extent, <25 m below the surface, as well as 50 and 100 m along strike from YLP-0203 and 0205 respectively and 200 m along strike from previously released YLP-0128 (1.24% Li2O over 10 m and 0.69% Li2O over 12 m). Drilling intersected a 10 m dyke flanked by 1-3 m wide dykes for cumulative 14 m pegmatite over 25 m of core. Assays returned composites of 0.90% Li2O over 3 m and 0.50% Li2O over 7 m, the latter including a 2 m interval that returned 1.32% Li2O.

YLP-0203 was collared 50 m east of YLP-0202 to test the same dyke system at 25-50 m below the surface. Drilling intersected a 15 m dyke and a 10 m dyke separated by 16 m of country rock, with the upper and thickest dyke returning an assay composite of 1.24% Li2O over 13 m. The lower dyke returned a wall-to-wall composite of 0.21% Li2O over 10 m that includes one metre of 0.51% Li2O. YLP-0205 was collared halfway between YLP-0202 and YLP-0128 to test the Echo dyke fan at 50 m beneath the surface.

Drilling intersected two clusters of dykes that are separated by ~20 m of country rock; the upper group consists of four dykes between 2-8 m in width for cumulative 25 m of pegmatite in 56 m of core whereas the lower group consists of two dykes that are each 2 metres wide and separated by 6 m of country rock. Assays from the upper group of dykes returned composites of 1.39% Li2O over 8 m, 0.96% Li2O over 7 m, and 0.73% Li2O over 8 m for a combined 23 m of pegmatite at 1.03% Li2O. The lower group returned negligible grades.

The Nite pegmatite complex comprises a north-northeast trending corridor of parallel-trending dykes that is exposed for at least 1.4 km of strike length and dips approximately 50°-70° to the east.