Li-FT Power Ltd. reported assays from 13 drill holes completed at the Shorty, BIG East, Echo, Fi Main, & Ki 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: Highlights: YLP-0281: 15 m at 1.19% Li2O, (Echo) and: 9 m at 1.02% Li2O and: 9 m at 0.98% Li2O YLP-0285: 17 m at 1.05% Li2O, (Echo) including: 9 m at 1.28% Li2O. Discussion of Results: This news release provides results for 13 drill holes (2,669 m) from LIFT?s 2024 winter drilling program.

Holes are reported from five different pegmatite complexes that include Echo, BIG East, Ki, Fi Main, and Shorty. 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: The Echo pegmatite complex comprises a steeply dipping, northwest-trending, feeder dyke (?Echo feeder?) that splits into a fanning splay of moderate to gently dipping dykes for 0.5 km to the northwest (?Echo splay?).

The dyke complex has a total strike length of over 1.0 km. The feeder dyke is 5-15 m wide whereas the gently dipping dykes in the splay are locally up to 25 m thick. Five of the six holes reported here were drilled on the splay and one was drilled on the feeder.

Holes are described from approximately northwest to southeast. YLP-0281 was drilled on a section located 400 m from where the splay merges with the feeder, testing the Echo splay from 75 to 200 m below the surface and stepped back 100 m from previously released YLP-0212 (1.26% Li2O over 27 m from four intervals spaced a total of 123 m apart). New drilling intersected three pegmatite dykes between 10-15 m in width, two of which are centered around 75-100 m vertical depth and a third centered at 200 m. These three dykes returned composites of 1.0-1.2% Li2O over 9-15 m for a cumulative 1.09% Li2O over 33 m. YLP-0285 was drilled on the Echo splay on a section located 500 m from where the splay merges with the feeder, to test from 50 to 150 m below the surface and stepped back 200 m from previously released YLP-0208 (0.96% Li2O over 13 m from two intervals, 39 m apart).

New drilling intersected a 17 m dyke centered at around 75 m below the surface and a 22 m wide dyke centered at 150 m. The deeper dyke returned a composite of 1.05% Li2O over 17 m that includes 9 m of 1.28% Li2O whereas the shallow dyke returned negligible grade. YLP-0279 was drilled on the same section as YLP-0281 but stepped back to the northeast by 200 m. Within a 200 m interval starting just below overburden, drilling intersected eight pegmatite dykes with widths of 1-17 m for cumulative pegmatite thickness of 46 m. All assays returned <0.1% Li2O. YLP-0275 was drilled on a section stepped 100 m east of the section with YLP-0281/0279 and 300 m from where the splay merges with the feeder.

The hole was drilled to test at 10 to 125 m below the surface and stepped back 125 m from previously released YLP-0259 (0.85% Li2O over 43 m). New drilling cut an 80 m interval, starting just below the surface, with five dykes between 2-17 m in width for a cumulative 40 m of pegmatite but with all assays returning <0.2% Li2O. YLP-0273 was drilled on a section stepped another 100 m east and approximately 200 m from where the splay merges with the feeder.

This hole tested the splay at 50-125 m vertical depth and stepped back 100 m from previously released YLP-0120 (0.60% Li2O over 24 m) and 200 m from YLP-0107 (1.04% Li2O over 20 m from three intervals a total of 83 m apart). New drilling cut a 96 m interval with seven pegmatite dykes between 1-5 m in width and summing to 17 m, all of which returned assays <0.1% Li2O. YLP-0241 is the only hole reported here that tested the Echo feeder, in this case on a section 550 m southeast from where the feeder merges with the splay.

The hole was drilled to test at 50 m below the surface as well as in between and along strike of previously released YLP-0236 (0.79% Li2O over 7 m) and YLP-0245 (0.62% Li2O over 7 m). New drilling intersected a 26 m wide corridor with three dykes between 2-7 m in width, with the thickest of these dykes returning a composite of 0.53% Li2O over 4 m. BIG East Pegmatite: The BIG East pegmatite complex comprises a north-northeast trending corridor of parallel-trending dykes that is exposed for at least 1.8 km of strike length, ranges from 10-100 m wide, and dips approximately 55°-75° degrees to the west. YLP-0260 was drilled near the northern mapped extent of the BIG East pegmatite, to test this corridor at 50-75 m below the surface and 50 m up-dip of previously released YLP-0271 (1.34% Li2O over 35 m).

New drilling intersected two 14 m wide pegmatite intervals separated by three metres of country rock that returned composites of 0.46% Li2O over 5 m and 0.82% Li2O over 8 m. This intersection shows that mineralization weakens towards the surface although it remains open downdip of YLP-0271.