Drill Holes Completed Within The Yellowknife Lithium Project

VANCOUVER - Li-FT Power Ltd. reported on 12 drill holes completed at the Fi Southwest, Fi Main, Shorty, and BIG East pegmatites within the Yellowknife Lithium Project (YLP) located outside the city of Yellowknife, Northwest Territories, and also confirms DTC eligibility status. Drilling has intersected significant intervals of spodumene mineralization, with the following highlights: YLP0031: 22 m at 1.46% Li2O, including 19 m at 1.63% Li2O (Fi Southwest); YLP0024: 24 m at 1.12% Li2O, including 15 m at 1.47% Li2O (Fi Main); YLP0033: 25 m at 1.13% Li2O, including 16 m at 1.50% Li2O (Shorty); YLP0035: 19 m at 1.01% Li2O, including 14 m at 1.25% Li2O (BIG East); and 16 m at 1.13% Li2O, including 6 m at 1.69% Li2O (BIG East).

Francis MacDonald, CEO, said, "We are excited to showcase high-grade spodumene over significant widths at each of the first four pegmatites which have been drilled thus far. With 35 holes now reported we have 82 holes still to report, including holes from two further pegmatites, Echo and Ki. In the recent days the City of Yellowknife, the Yellowknives Dene First Nation, and the Government of the Northwest Territories have announced a re-entry plan for residents of Yellowknife, Ndilo, and Dettah who have been evacuated due to wildfires. We would like to commend the workers and volunteers who have done a tremendous job to secure Yellowknife, Ndilo, and Dettah. We look forward giving a further update on operations once staff have been mobilized back to the project and drilling has commenced again. Furthermore, we are pleased to have received DTC eligibility recently and as part of our core goals to growing the company profile. Following a number of US inquiries we are confident that receiving DTC eligibility is another significant step forwards as we provide enhanced access and liquidity to our growing U.S. investor base."