LIFT Signs Definitive Purchase Agreement with Soquem FOR a 25% Interest in the Galinée Property, Quebec
LIFT SIGNS DEFINITIVE PURCHASE AGREEMENT WITH SOQUEM
FOR A 25% INTEREST IN THE GALINÉE PROPERTY, QUEBEC
February 24, 2026 – Vancouver, B.C., Li-FT Power Ltd. (“ LIFT” or the “ Company”) (TSXV: LIFT )
(OTCQX: LIFFF) (Frankfurt: WS0) is pleased to announce further to its December 15, 2025 press
release regarding, among other things, L IFT entering into a non- binding letter of intent with
SOQUEM Inc. (“ SOQUEM”) and Azimut Exploration Inc., that it has entered into a definitive
purchase agreement dated February 23, 2026 with SOQUEM to acquire an additional 25% interest
in the exclusive exploration rights commonly known as the Galinée property (“Galinée Property”),
which would bring its total aggregate interest in the Galinée Property to a 75% interest with the
remainder of the interest in the Galinée Proper ty to remain held by SOQUEM (the " SOQUEM
Transaction"), subject to the satisfaction of various conditions. LIFT is the operator of the project
on the Galinée Property under joint venture with SOQUEM.
Under the terms of the purchase agreement with SOQUEM (the “SOQUEM Agreement” ),
consideration for SOQUEM’s 25% interest in the Galinée Property will consist of 1,000,000
common shares in the capital of the Company. All common shares issued pursuant to the
SOQUEM Agreement will be subject to a statutory hold period of four months an d one day in
accordance with applicable Canadian securities laws. The SOQUEM Transaction is subject to the
receipt of TSX Venture Exchange approval and the satisfaction of other c ustomary closing
conditions.
About LIFT
LIFT is a mineral exploration company engaged in the acquisition, exploration, and development
of lithium pegmatite projects located in Canada. The Company’s flagship project is the
Yellowknife Lithium Project located in Northwest Territories, Canada. LIFT 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.
For further information, please contact:
Francis MacDonald Daniel Gordon
Chief Executive Officer Investor Relations
Tel: + 1.604.609.6185 Tel: +1.604.609.6185
Email: [email protected] Email: [email protected]
Website: www.li-ft.com
Cautionary Statement Regarding Forward-Looking Information
Certain statements included in this press release constitute forward -looking information or
statements (collectively, “forward -looking statements”), including those identified by the
expressions “anticipate”, “believe”, “plan”, “estimate”, “expect”, “inten d”, “may”, “should” and
similar expressions to the extent they relate to the Company or its management. The forward -
looking statements are not historical facts but reflect current expectations regarding future
results or events. This press release contains forward looking statements. These forward-looking
statements and information reflect management's current beliefs and are based on assumptions
made by and information currently available to the company with respect to the matter described
in this new release.
Forward-looking statements involve risks and uncertainties, which are based on current
expectations as of the date of this release and subject to known and unknown risks and
uncertainties that could cause actual results to differ materially from those expressed or implied
by such statements. Additional information about these assumptions and risks and uncertainties
is contained under "Risk Factors" in the Company's latest annual information form filed on March
21, 2025, which is available under the Company's SEDAR+ profile at www.sedarplus.ca, and in
other filings that the Company has made and may make with applicable securities authorities in
the future. Forward -looking statements contained herein are made only as to the date of this
press release and we undertake no obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise, except as required by law. We
caution investors not to place considerable reliance on the forward-looking statements contained
in this press release.
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the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this news release.