Li-FT Power Ltd.

Li-FT plans to complete 18,400 meters of drilling during its winter program at Yellowknife Lithium.

Li-FT continues to tap consistent strong lithium mineralization at Yellowknife project.

Li-FT Power Ltd. April 16 announced a larger than usual batch of assays, reporting 17 holes completed from the Echo, Fi Main, and Fi Southwest pegmatites on the company's Yellowknife Lithium project east of Yellowknife, Northwest Territories.

Into its second year exploring for hard rock lithium in the nearly forgotten Yellowknife Pegmatite Province, Li-FT powered through its first year with 34,238 meters of drilling in nearly 200 holes.

Keeping the momentum up, the company began its second year targeting 18,400 meters before the final assays of the previous year came in and has kept up with consistent reports nearly weekly for the last several months.

Consisting of 11 properties divided into two groups, the brunt of Li-FT's focus has been paid to a road-accessible cluster of pegmatites just east of Yellowknife – Nite, Big, Fi, Ki, Boye, and Shorty. However, the company has been repeatedly surprised by the Echo target, the northernmost pegmatite within a further afield cluster roughly 50 kilometers (30 miles) further east.

The latest batch of assays from the company's winter drill program consists of seven holes from Echo, eight from Fi Main, and the last two from Fi Southwest.

"The Echo pegmatite system continues to deliver impressive grades and widths close to surface this week," said Li-FT Senior Vice President of Geology Dave Smithson. "Hole 259 is particularly significant as it extends spodumene mineralization another 100 meters down-dip from 10 meters of 1.29% Li2O and 16 meters of 1.26% Li2O drilled in hole 216, last summer. Here, the dykes merge into a single 43-meter-wide dyke averaging 0.85% Li2O (Inc. 24 meters of 1.33% Li2O), only 75 meters from the surface."

Highlights from the latest batch include:

• 43 meters averaging 0.85% lithium oxide from a depth of 57 meters in hole YLP-0259, including 24 meters averaging 1.33% Li2O (Echo).

• 16 meters averaging 1.29% Li2O from 16 meters in YLP-0212 (Echo).

• 13 meters averaging 1.32% Li2O from 37 meters in YLP-0234 (Echo).

• 10 meters averaging 1.36% Li2O from 31 meters in YLP-0228 (Echo).

• 10 meters averaging 1.25% Li2O from 37 meters in YLP-0235 (Echo).

• 16 meters averaging 1.31% Li2O from 37 meters in YLP-0237 (Fi Main).

• Nine meters averaging 1.28% Li2O from 46 meters in YLP-0229 (Fi Main).

"This new information confirms for the first time the low-angle nature of mineralization, emphasizing the potential for Echo to deliver accessible tonnes (metric tons) and grades close to surface," Smithson added. "We are very excited to see what happens next as we mobilize our drill rigs to test outward and downward from these first outstanding results."

Li-FT adds that all 17 holes were drilled broadly perpendicular to the dyke orientation so that the true thickness of reported intercepts would range between 65 and 100% of the drilled widths.