LIFT To Acquire Shorty West Lithium Claim

LIFT To Acquire Shorty West Lithium Claim

July 18, 2024 – Vancouver, B.C., Li-FT Power Ltd. (“LIFT” or the “Company”) (TSXV: LIFT) (OTCQX:

LIFFF) ( Frankfurt: WS0) is pleased to announce that it has entered into a mineral property

purchase agreement dated July 1 7, 2024 with Infinity Stone Ventures Corp. (CSE: GEMS) to

acquire the Shorty West Lithium mineral claim (the “Shorty West Claim”), which is adjacent to the

Company’s Yellowknife Lithium Project. As consideration for the Shorty West Claim, the Company

will issue 12,000 common shares, which 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.

Figure 1 – Location of Infinity Stone Venture’s Shorty West mineral claim in relation to LIFT’s Shorty claims.

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 and Uncertainties" in the Company's latest annual information

form filed on March 27, 2024, 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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in

the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of

this news release.