LIFT Intersects 26 m at 1.29% Li2O at BIG East Pegmatite, Yellowknife Lithium Project, NWT

VANCOUVER, British Columbia, May 13, 2026 (GLOBE NEWSWIRE) -- Li-FT Power Ltd. (“ LIFT ” or the “ Company ”) ( TSXV: LIFT ) ( OTCQX: LIFFF ) ( Frankfurt: WS0 ) is pleased to report results from the 2026 winter program completed at the Yellowknife Lithium Project (“YLP”), located outside the city of Yellowknife, Northwest Territories (Figure 1). This program comprised a total of 17 drill holes for 4,778 m, with results for eight holes (2,110 m) summarized in this news release and including the following highlights: YLP-0312: 26 m at 1.29% Li 2 O (BIG East) Including 17 m at 1.65% Li 2 O YLP-0313: 10 m at 1.12% Li 2 O (BIG East ) and: 10 m at 0.68% Li 2 O including: 6 m at 1.03% Li 2 O YLP-0324: 11 m at 1.04% Li 2 O (BIG East) All 17 holes were drilled in the BIG area of the YLP (Figure 2), with 16 drilled on the BIG East pegmatite complex and one hole drilled on its fault offset northern extension, referred to as BIG North (Figure 3). This program marks the first drill campaign in BIG area since publication of the mineral resource in October 2024.

Figure 1 – Location of LIFT’s Yellowknife Lithium Project (YLP) in the NWT. Figure 2 – Location of LIFT’s BIG pegmatites within the YLP. Discussion of Results The BIG East pegmatite complex comprises a north-northeast trending corridor of parallel-trending dykes that is exposed for at least 1.8 km of strike length, ranges from 10-100 m wide, and dips approximately 55°-75° degrees to the west.

Spodumene-bearing pegmatite occurs as either a single dyke 20-35 m wide, or as two to four dykes of similar cumulative thickness within corridors up to 65 m wide. The 2026 winter program extended along 1,000 m of strike length of the BIG East complex and reached depths of 50 to 300 m vertically below surface. 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 whereas hole-by-hole descriptions are provided below.

YLP-0312 was drilled