LIFT intersects 19 m at 1.31% Li2O at its Fi Southwest pegmatite & 23 m at 1.03% Li2O at its Echo pegmatite, Yellowknife Lithium Project, NWT

VANCOUVER, British Columbia, March 06, 2024( GLOBE NEWSWIRE)– Vancouver, B.C., Li-FT Power Ltd. (“RAISEor the “Business)(TSXV: LIFT(OTCQX: LIFFF(Frankfurt:
WS0is pleased to report assays from 8 drill holes finished at the Fi Southwest, BIG West, Nite, & Echo pegmatites within the Yellowknife Lithium Project(” YLP” )situated outside the city of Yellowknife , Northwest Territories( Figure 1). Drilling converged considerable periods of spodumene mineralization, with the following highlights:

Post material

Emphasizes:

Post material

• YLP-0200: 19 m at 1.31% Li₂O, (Fi Southwest)
• YLP-0203: 13 m at 1.24%
  Li₂O, (Echo)

and: 1 m at 0.51% Li₂O

• YLP-0205: 8 m at 1.39% Li₂O, (Echo)

and: 7 m at 0.96% Li₂O

and: 8 m at 0.73% Li₂O

• YLP-0198:3 m at 1.13% Li₂O, (Nite)

and: 10 m at 0.72% Li₂O

consisting of: 3 m at 1.20% Li₂O

• YLP-0188: 1 m at 1.02% Li₂O, (BIG West)

Conversation of Results

This press release offers outcomes for 8 holes drilled for 1,116 m as part of the 2024 and 2023 expedition programs. These outcomes consist of holes drilled on the Fi Southwest, Nite, Echo, and BIG West pegmatite complexes. A table of composite computations, basic remarks associated with this conversation, and a table of collar headers are offered towards completion of this area.

Dave Smithson, SVP, Geology of LIFT remarks, “The Fi Southwest continues to return robust intercepts of mineralization with hole 203 drilling 19 m at 1.31% Li₂O. Drilling on the Fi Southwest has actually specified 900 m of shallow mineralization to date, so we are really thrilled to continue to step-out from these numbers to depth. Drilling at the northwest end of Echo likewise continued to return grade and width today with hole 200 returning an outstanding 13 m of 1.2% Li₂O, 350 m from 13 m of 1.24% Li₂O, 13 m of 1.48% Li₂O and 11 m of 1.42% Li₂O drilled in 2023.”

Short article material

Figure 1– Location of LIFT’s Yellowknife Lithium Project. Drilling has actually been so far concentrated on the Near Field Group of pegmatites which lie to the east of the city of Yellowknife along a government-maintained paved highway, in addition to the Echo target in the Further Afield Group.

The Fi SW dyke strikes over a minimum of 1.1 km on surface area with a typical protrusion width of roughly 20 m. The dyke dips in between 60 ° -80 ° to the east-southeast and patterns towards the north-northeast. Drilling of Fi SW reveal that it varies from a single 20-40 m broad dyke to 2-3 dykes of comparable cumulative width within a 50-70 m large passage.

YLP-0200 checked the Fi SW pegmatite around 250 m from its northern mapped level and 50 m listed below the surface area, and in between areas situated 50 m north and 50 m south that, from 2023 drilling, returned crossways of 1.0-1.5% Li₂O over 20-25 m to around 200 m depth. New drilling converged a single 26 m pegmatite that returned 1.31% Li₂O over 19 m (Table 1 & & 2, Figures 2 & 3).[IndividualDrillplansYKpegmatitesNR27GTFi-SW”src=”https://mlglobenewswirecom/Resource/Download/e49a5d5b-5025-499d-85c5-ada08ecceda4/IndividualDrillplansYKpegmatitesNR27GTFi-SWjpg?quality=90&strip=all&w=288&sig=V3h4uZgsq4Ccn0uTPJkHJA”srcset=”https://mlglobenewswirecom/Resource/Download/e49a5d5b-5025-499d-85c5-ada08ecceda4/IndividualDrillplansYKpegmatitesNR27GTFi-SWjpg?quality=90&strip=all&w=288&sig=V3h4uZgsq4Ccn0uTPJkHJAhttps://mlglobenewswirecom/Resource/Download/e49a5d5b-5025-499d-85c5-ada08ecceda4/IndividualDrillplansYKpegmatitesNR27GTFi-SWjpg?quality=90&strip=all&w=576&sig=gxuRP6GpgsLyd_mBL9ye-g2x”height=”555″loading=”lazy”width=”600″>19659055]

Figure 2– Plan view revealing the surface area expression of the Fi Southwest pegmatite with diamond drill hole reported in this news release.

Short article material

Short article material

Figure 3– Cross-section highlighting YLP-0200 with outcomes as displayed in the Fi Southwest pegmatite dyke with a 19 m period of 1.31 %Li₂O.

Echo Pegmatite

The Echo pegmatite complex consists of a steeply dipping, northwest-trending, feeder dyke that divides into a fanning splay of moderate- to carefully dipping dykes at its northwest end. The dyke complex has an overall strike length of over 1.0 km with private dykes &as much as 25 m broad. The holes explained listed below were collared on the fanning splay part of the complex that includes numerous subparallel moderate to shallow dipping dykes.

YLP-0202 checked the northwestern fanning splay of the Echo complex, within 100 m of its mapped degree, & LT25 m listed below the surface area, along with 50 and 100 m along strike from YLP-0203 and 0205 respectively( see listed below )and 200 m along strike from formerly launched YLP-0128( 1.24 %Li₂O over 10 m and 0.69% Li₂O over 12 m). Drilling converged a 10 m dyke flanked by 1-3 m large dykes for cumulative 14 m pegmatite over 25 m of core. Assays returned composites of 0.90% Li₂O over 3 m and 0.50% Li₂O over 7 m, the latter consisting of a 2 m period that returned 1.32% Li₂O.

Post material

YLP-0203 was collared 50 m east of YLP-0202 to check the very same dyke system at 25-50 m listed below the surface area. Drilling converged a 15 m dyke and a 10 m dyke separated by 16 m of nation rock, with the upper and thickest dyke returning an assay composite of 1.24% Li₂O over 13 m. The lower dyke returned a wall-to-wall composite of 0.21% Li₂O over 10 m that consists of one metre of 0.51 %Li₂O.

YLP-0205 was collared midway in between YLP-0202 and YLP-0128 to evaluate the Echo dyke fan at 50 m underneath the surface area. Drilling converged 2 clusters of dykes that are separated by ~ 20 m of nation rock; the upper group includes 4 dykes in between 2-8 m in width for cumulative 25 m of pegmatite in 56 m of core whereas the lower group includes 2 dykes that are each 2 metres broad and separated by 6 m of nation rock. Assays from the upper group of dykes returned composites of 1.39% Li₂O over 8 m, 0.96% Li₂O over 7 m, and 0.73% Li₂O over 8 m for a combined 23 m of pegmatite at 1.03% Li₂O. The lower group returned & minimal grades (& Table 1 & 2, Figures 4 & 5).

Figure 4– Plan view revealing the surface area expression of the Echo pegmatite with diamond drill holes reported in this news release.

Post material

Figure 5– Cross-section of YLP-0203 which converged the Echo pegmatite dyke with a 13 m period of 1.24% Li₂O.

Nite Pegmatite

The Nite pegmatite complex makes up a north-northeast trending passage of parallel-trending dykes that is exposed for a minimum of 1.4 km of strike length and dips around 50 ° -70 ° to the east. The northern part of this complex includes a primary dyke flanked by several thinner dykes whereas the southern part makes up a fanning splay of 5-10 thinner dykes that depends on 200 m large.

YLP-0193 checked out the Nite pegmatite roughly 700 m from its northern end and 150 m below the surface area, in addition to 100 m downdip of formerly launched YLP-0138 (1.51% Li₂O over 12 m) and 100 m up-dip of YLP-0195 (1.00% Li₂O over 15 m). Drilling converged 2 groups of dykes separated by 30 m of nation rock; an upper group of 2 dykes summing to 6 m of pegmatite over 9 m of core and a lower group of 5 dykes amounting to 24 m of pegmatite over 44 m. Notable assays were returned for 3 of 5 dykes in the lower group, consisting of 1.01% Li₂O over 8 m, 0.72% Li₂O over 1 m, and 0.56% Li₂O over 1 m.

Post material

YLP-0196 was drilled on an area 100 m north of YLP-0193 to check the Nite pegmatite 50 m below the surface area and 100 m up-dip of YLP-0198 (explained listed below). Drilling converged 3 dykes in between 5-10 m in width for cumulative 21 m of pegmatite over 40 m of drill core. The upper-most and largest of these dykes returned 0.51% Li₂O over 10 m that consists of 2 higher-grade periods of 1.0-1.1% Li₂O over 2 m. The 2 lower dykes returned 0.70% Li₂O over 6 m (consisting of 1.12% Li₂O over 3 m) and 0.59% Li₂O over 1 m.

YLP-0198 was drilled 100 m downdip of YLP-0196 (see above) and converged 3 2-10 m broad dykes spaced 8-11 m apart for cumulative 22 m of pegmatite over 38 m of core. The 2 lower dykes each returned composites of 0.4-0.7% Li₂O over 10 m that likewise each consists of a 3 m period of 1.1-1.2% Li₂O (Table 1 & & 2, Figures 6 & 7).

Figure 6– Plan view revealing the surface area expression of the Nite pegmatite with diamond drill holes reported in this news release.

Figure 7– Cross-section of YLP-0193 which converged the Nite pegmatite dyke with an 8 m period of 1.01% Li₂O.

BIG West Pegmatite

Post material

The BIG West pegmatite complex consists of a northeast-trending passage of parallel-trending dykes that is exposed for a minimum of 1.5 km along strike and is steeply west dipping to subvertical. The complex is bound by 2 fairly constant dyke structures that are 50-100 m apart in the northern half of the passage and 150 m apart in the south. These dykes are here described as the east- (EB) and west-bounding (WB) dykes. 3 of the holes reported here are the most northern drilled on this complex.

YLP-0188 was collared on the shift in between more extensively and carefully spaced EB and WB dykes, roughly 600 m from the southern mapped level of the BIG West complex. Drilling was developed to check the BIG West passage at 50-100 m underneath the surface area and converged 3 groups of 1-9 m large pegmatite spaced 29-36 m apart. Assay outcomes are typically minimal other than a sample from among the middle group dykes that returned 1.02% Li₂O over 1 m (Table 1 & & 2, Figure 8).