Li-FT Power Ltd. reported that the company has increased its land position at the Cali Project by staking an additional 9,681 hectares of contiguous claims within the Little Nahanni Pegmatite District, Northwest Territories, Canada. The recently staked claims have outcropping spodumene pegmatites which are the continuation of Cali dyke swarm that LIFT has defined to date.ands to the northwest of LIFT's current tenure became available following the Government of Canada's approval of an amendment to the Sahtu Land Use Plan (the Naats'ihch'oh Amendments) in June of 2024. The amendment package allows new staking to be completed in the area and was previously approved by the Sahtu Secretariat Incorporated and Government of the Northwest Territories in 2019.

LIFT Provides Update on Acquisition of Shorty West Lithium Claim. LIFT announces that at the request of Infinity Stone Ventures Corp., it has terminated the mineral property purchase agreement dated July 17, 2024 regarding the Shorty West Lithium mineral claim (the "Claim"). In connection with the termination, beneficial ownership of the Claim, which is adjacent to the Company's Yellowknife Lithium Project, was transferred to an arm's length private entity.

The Company has now entered into a mineral property purchase agreement dated August 2024 with that entity to acquire the Claim in consideration of the issuance 12,000 common shares, which is the same consideration which was offered to Infinity Stone. The shares, once issued, will be subject to applicable resale restrictions under Canadian securities laws. The completion of the acquisition is subject to the approval of the TSX Venture Exchange.

No finder's fees are payable in connection with the acquisition. LIFT Announces Issuance of DSUs. The Company announces that it has granted 7,544 deferred share units ("DSUs") to certain independent directors of the Company in lieu of interim director fees previously paid in cash, at a fair market value of $2.65 per DSU.

The DSUs were granted pursuant to the Company's Omnibus Share Incentive Plan, which was approved by shareholders on February 13th, 2024. LIFT is a mineral exploration company engaged in the acquisition, exploration, and development of lithium pegmatite projects located in Canada. The Company's project is the Yellowknife Lithium Project located in Northwest Territories, Canada.

The Company also holds three early-stage exploration properties in Quebec, Canada with excellent potential for the discovery of buried lithium pegmatites, as well as the Cali Project in Northwest Territories within the Little Nahanni PegMatite Group.