LIFT Power Ltd. reported assays from 12 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: YLP-0283: 35 m at 1.32% Li2O, (Shorty); YLP-0274: 11 m at 1.16% Li2O, (Ki) including: 6 m at 1.87% Li2O; YLP-0263: 12 m at 0.82% Li2O, (Echo) Including: 6 m at 1.29% Li2O. Discussion of Results: This news release provides results for 12 drill holes (1,918 m) from Li-FT?s 2024 winter drilling program.

Holes are reported from five different pegmatite complexes that include Shorty, Ki, Echo, BIG East, and 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. Shorty Pegmatite: The Shorty pegmatite is formed by several sub-parallel dykes that, together, define a pegmatite-bearing corridor that is at least 1.4 km long, up to 100 m wide, north-northeast striking, and dips 50°-70° to the west.

The corridor itself consists of both country rock and pegmatite, with pegmatite occurring as either a single 10-40 m wide dyke or as 2-4 dykes with a similar cumulative width spread over 50-100 m of core length. YLP-0283 was collared within a few metres of the lease boundary to test the Shorty corridor at approximately 50 to 100 m below the surface and 50 m north of a section with previously released YLP-0089 (1.55% Li2O over 15 m from 2 intervals, 5 m apart). Drilling intersected a 35 m dyke centered at approximately 50 m below the surface that returned a wall-to-wall composite of 1.32% Li2O.

This intersection is the northeastern-most hole drilled on Shorty corridor to date with mineralization open at depth and along strike to the north-northeast where it extends off LIFT?s claims. Ki Pegmatite: The Ki pegmatite complex comprises a north-northwest trending corridor of dykes that extends for at least 1.3 km on surface and dips steeply to the southwest. The southern part of the corridor consists mostly of one large dyke and several narrower flanking dykes that sum to a constant pegmatite width of around 25 m. The northern part consists of two relatively thick dykes that are between 50-150 m apart, with the western dyke comprising the northern extension of the Ki dyke and the more eastern dyke referred to as Perlis. YLP-0274 was drilled at the northern end of the Ki dyke where it overlaps with the southern end of the Perlis dyke.

The hole was designed to test both dykes at depths of approximately 10 and 75 m below the surface. Drilling intersected the Ki dyke, with a width of 11 m, as well four 1 to 4 m wide dykes spread over 86 m of core further down the hole, the deepest of which is possibly Perlis. The Ki dyke returned a wall-to-wall composite of 1.16% Li2O that includes 6 m of 1.87% Li2O and is open at depth and to the north.

YLP-0261 was collared 150 m southeast of YLP-0274 to test the Ki corridor from approximately 5 to 75 m below the surface and 50 m north of previously released YLP-0072 (0.79% Li2O over 17 m). New drilling intersected a dyke cluster just below overburden and another centered at 75 m depth, with the shallower cluster returning a composite of 0.56% Li2O over 3 m. 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 10-15 m wide whereas the gently dipping dykes in the splay are thicker, ranging from 10-25 m. All six of the holes reported here were drilled on the feeder dyke and are described below from northern to southernmost. YLP-0263 tested the Echo feeder dyke near where it merges with the Echo splay, approximately 75 m below the surface and 50 m downdip of previously released YLP-0226 (1.45% Li2O over 13 m). New drilling intersected 6 and 12 m wide dykes separated by 7 m of country rock, with the thicker dyke returning a wall-to-wall composite of 0.82% Li2O that includes 6 m of 1.29% Li2O.

High grade spodumene mineralization is cut out by a mafic dyke but is open at depth and along strike to the north.