LIFT Intersects 79 Metres at 1.13% Li2O and 39 Metres at 1.43% Li2O at the Fi Southwest Pegmatite, Yellowknife Lithium Project, NWT, Canada

Vancouver, British Columbia – Newsfile Corp. – July 25, 2023 – Li-FT Power Ltd. (CSE: LIFT) (OTC Pink: LIFFF) (FSE: WS0) (“LIFT” or the “Company“) is pleased to report that initial assays from the first five drill holes completed at the Fi Southwest pegmatite within the Yellowknife Lithium Project (“YLP”) located outside the city of Yellowknife, Northwest Territories. Drill results have confirmed spodumene mineralization over 320m of strike length, to a depth of approximately 150m from surface at the Fi Southwest dyke which remains open in all directions. Drilling is ongoing on the remainder of the dyke, which is currently testing a total of 1,100 metres of strike-length to a depth of 250 metres.

Highlights:

Hole	From (m)1	To (m)	Interval (m)2	Li2O (%)3
YLP0001	73	108	35	1.30
inc.	75	102	27	1.58
YLP0002	180	214	34	0.34
YLP0003	55	94	39	1.43
inc.	57	92	35	1.57
YLP0004	55	88	33	1.39
inc.	56	85	29	1.55
YLP00054	52	131	79	1.13
inc.	73	129	56	1.42

¹ From, to, and interval lengths in metres, as measured down core axis, not true width.
² Individual sample lengths = 1 metre.
³ Lithium assays performed by ALS Global on saw cut half HQ core using method ME- ICP82b; results reported in Li%, converted to Li₂O by multiplying by 2.154.
⁴ Drilled down-dip due to access restriction.

Francis MacDonald, CEO of LIFT comments, “We are very encouraged with these first drill results at the Yellowknife Lithium Project. The widths and grades of lithium and spodumene intersected in these holes are similar to what was historically reported in the 1950s to 1980s¹. 8 different pegmatites will be drilled this summer with 45,000 metres of drilling that will utilize six drill rigs. We look forward to reporting additional results in the coming weeks and month. We believe that these initial drill results show that the YLP has excellent potential to become one of the next destinations in North America to define significant spodumene resources.”