Li-FT Power Ltd. reported assays from 8 drill holes completed at the BIG East, Echo, Shorty, & BIG West pegmatites within the Yellowknife Lithium Project ("YLP") located outside the city of Yellowknife, Northwest Territories. Drilling has intersected significant intervals of spodumene mineralization, with the following highlights: YLP-0117: 26 m at 1.56% Li2O, (BIG East); YLP-0129: 18 m at 0.95% Li2O, ("BIG East") including: 4 m at 1.29% Li2O. and including: 5 m at 1.13% Li2O.

YLP-0128: 10 m at 1.24% Li2O, (Echo) and: 12 m at 0.69% Li2O. including: 5 m at 1.,20% Li2O. Drilling intersected a single 7 m wide pegmatite dyke that returned 0.50% Li2O over 7 m, including 1.26% Li2O over 2 m. YLP-0132 was collared 200 m due north of YLP-0131 to test the BIG West pegmatite approximately 350 m from its southern mapped extent and 150-200 m vertically beneath the surface.

Drilling intersected 2 m and 15 m wide pegmatite dykes between 208-232 m core depth, with both dykes returning negligible grades. Hole No., From (m), To (m), Interval (m), Li2O%, Dyke, YLP-0117, 164, 190, 26, 1.56, YLP-0119, No significant results, Shorty, YLP-0126 inc, 29, 39, 10, 1.00, Shorty, 31, 35, 4, 1.55, shorty, YLP-0127, No significant results, BIG East, YLP-0128 and inc, 15, 25, 10, 1.24, Echo, 52, 64, 12, 0.69, Echo, 53, 58, 5, 1.20, Echo, YLP-0129 inc and inc, 59, 77, 18, 0.95, BIG East, 59, 63, 4, 1.29, BIG East, 66, 71, 5, 1.13, BIG East, Y LP-0131 inc, 186, 193, 7, 0.50, BIG West, 188, 190, 2, 1.26, BIG West, YLP0132, No significant results, BIG West. Drilling Progress Update.

The Company has concluded its 2023 drill program at the Yellowknife Lithium Project with 34,238 m completed. Currently, LIFT has reported results from 132 out of 198 diamond drill holes (23,264 m). General Statements.

QA/QC & Core Sampling Protocols. All drill core was collected under the supervision of LIFT employees and contractors. Drill core was transported from the drill platform to the core processing facility where it was logged, photographed, and split by diamond saw prior to being sampled.

Samples were then bagged, and blanks and certified reference materials were inserted at regular intervals. Field duplicates consisting of quarter-cut core samples were also included in the sample runs. Groups of samples were placed in large bags, sealed with numbered tags in order to maintain a chain-of-custody, and transported from LIFT's core logging facility to ALS Labs laboratory in Yellowknife, Northwest Territories.

Sample preparation and analytical work for this drill program were carried out by ALS. Samples were prepared for analysis according to ALS method CRU31: individual samples were crushed to 70% passing through 2 mm (10 mesh) screen; a 1,000-gram sub-sample was riffle split (SPL-21) and then pulverized (PUL-32) such that 85% passed through 75 micron (200 mesh) screen. A 0.2-gram sub-sample of the pulverized material was then dissolved in a sodium peroxide solution and analysed for lithium according to lithium according to lithium according to ALS method ME-ICP82b.