LIFT Power Intersects 26 Meters at 1.56% Li2O at the Yellowknife Lithium Project, NWT

Location of LIFT's Yellowknife Lithium Project (YLP) in the NWT. GNW

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VANCOUVER, British Columbia, Jan. 15, 2026 (GLOBE NEWSWIRE) — Li-FT Power Ltd. (“LIFT” or the “Company”) (TSXV: LIFT) (OTCQX: LIFFF) (Frankfurt: WS0) is pleased to report results from the 2025 work program completed at the Yellowknife Lithium Project (“YLP”), located outside the city of Yellowknife, Northwest Territories (Figure 1).

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The 2025 YLP work program comprised 18 drill holes totalling 3,171 m, including six holes (2,378 m) for purposes of resource delineation, three holes (546 m) for geotechnical studies, and nine groundwater monitoring wells totalling 247 m. This news release summarizes results from the five resource holes drilled at the Shorty pegmatite as well as one of the groundwater wells.

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Figure 1 – Location of LIFT’s Yellowknife Lithium Project (YLP) in the NWT.

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Discussion of Results

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Five of the six resource delineation holes, for 1,868 m, were drilled on the Shorty pegmatite as well as three groundwater wells for 66 m. One of the groundwater holes was drilled into the Shorty pegmatite, assayed, and is described here. 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.

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Figure 2 – Location of LIFT’s Shorty and Nite pegmatites within the YLP.

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The Shorty pegmatite is composed of several sub-parallel dykes that, together, define a spodumene pegmatite corridor that is at least 1.4 km long, and up to 100 m wide. The corridor is north-northeast striking, and dips between 50° and 70° to the west (Figure 3). 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.

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YLP-0302 and YLP-303 were each collared within a few metres of the northern lease boundary to test the Shorty corridor at approximately 150 and 200 m below the surface, respectively, and approximately 50 to 100 m downdip of previously released YLP-0284 (1.24% Li₂O over 53 m from 3 intervals, 7-29 m apart). Both holes intersected a 13- to 14-m-wide pegmatite dyke at its expected position below the surface, but with negligible spodumene besides one sample that returned 0.6% Li₂O over one metre (Table 1).

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YLP-290 and YLP-296 were designed to test the Shorty Corridor approximately 100 m southwest, along strike, of holes YLP-0302 and YLP-0303, as well as 200-300 m below the surface, and 100-200 m down dip of previously released YLP-0097 (0.97% Li₂O over 33 m from 2 intervals, 60 m apart). YLP-0290 intersected two pegmatite dykes approximately 60 m apart, with the deeper dyke assaying 1.24% Li₂O over 13 m (Figure 4). YLP-0296 intersected a single, 32 m wide, pegmatite dyke at 400 m below the surface that returned negligible assays.

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Groundwater well YLP-0295 was drilled on section with holes YLP-0290 and -0296, collared within the Shorty pegmatite, drilled vertically to a depth of 31 m, and located 25 m up-dip from previously reported YLP-0091 (1.28% Li₂O over 17 m). Most of the water well comprises spodumene pegmatite that returned a composite of 1.56% Li₂O over 26 m, with the true dyke width estimated at 50 to 60% of the drilled width.

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YLP-0301 was drilled on a section 100 m southwest of YLP-0290/0296 to test the Shorty corridor approximately 300 m below the surface and 100 m downdip of previously released YLP-0111 (0.52% Li₂O over 11 m from one dyke). Drilling intersected pegmatite at the expected depth but assay results were negligible.