Li-FT Announces First Results from Summer Drill Program at the Adina-Galinée Lithium Project, Quebec

VANCOUVER, British Columbia, Oct. 26, 2026 (GLOBE NEWSWIRE) — Li-FT Power Ltd. (“LIFT” or the “Company”) (TSXV: LIFT) (ASX: LFT) (OTCQX: LIFFF) (Frankfurt: WS0) is pleased to announce assay results from the first 5 of 45 drill holes from the Adina-Galinée Lithium Project (“AGLP”) in Québec, Canada (Figure 1). The 45 holes comprise 39 holes totaling 11,420.5 metres completed as part of LIFT’s 2026 summer drilling program, together with 6 previously unreleased historical drill holes from 2024 (1,983 metres), totalling 13,403.5 metres of drill core. Holes ALP-0001 to ALP-0005C from the 2026 drill campaign are presented in this release. The intercepts for drill holes ALP-0001 to ALP-0005C are presented in Table 1 and shown in figures 2, 3 & 4, with a highlight of 56 meters of 1.43 % Li₂O intersected in drillhole ALP002.

Table 1 – Drill intercept from Holes ALP0001 to ALP0005C

Francis MacDonald, President & CEO of LIFT comments,

“We are encouraged by the first results from the 2026 drilling program at Adina-Galinée. The intersections reported today support our interpretation of a large, continuous spodumene-bearing pegmatite system and contribute additional data that will be incorporated into future resource modelling and technical studies. With drilling, ore-sorting test work, geotechnical investigations and property-scale exploration underway, the 2026 program is intended to advance our understanding of the project while evaluating opportunities to further enhance its long-term development potential.”

Figure 1 – Location of LIFT’s spodumene pegmatite properties in Quebec, Canada

The Adina–Galinée spodumene pegmatite is an east–west trending dyke system that dips shallowly to the south at approximately 35°. It comprises three zones: the Main Zone, Footwall Zone and Galinée Zone (Figures 3 and 4). Together, these zones define a low-angle corridor approximately 350 metres wide that strikes for approximately 2.5 kilometres beneath overlying till cover. The 2026 drill program focused primarily on the Galinée Zone (Figures 2 and 3), the least well-defined of the project’s three mineralized structures. Drilling aimed to establish a level of geological understanding comparable to that of the Main and Footwall zones. The results of

Figure 2 – Plan map showing historical drill traces and LIFT’s 2026 drill holes, as well as a level plan of the Adina-Galinée pegmatite complex at 475 m above sea level, approximately 50 m below the surface and 25 m below the bedrock-till interface.

this work will be used to combine the Main, Footwall and Galinée mineralization zones into a Mineral Resource Estimate and Preliminary Economic Assessment, targeted for early 2027⁽¹⁾.

The Adina–Galinée Lithium Project is in the Eeyou Istchee James Bay region of Québec, Canada, a hard-rock lithium district containing several significant spodumene-bearing pegmatite deposits. These include the Shaakichiuwaanaan Project, with mineral reserves of 84.3 Mt at 1.26% Li₂O⁽²⁾; the Moblan Lithium Project, with mineral resources of 121.0 Mt at 1.19% Li₂O⁽³⁾, and the Whabouchi Lithium Project, with mineral resources of 26.9 Mt at 1.45% Li₂O, and ore reserves of 26.5 Mt at 1.32% Li₂O⁽⁴⁾ (Figure 1).

Figure 3 – North–south vertical section through the Adina-Galinée pegmatite complex showing LIFT’s 2026 drill results and historical drill results previously reported to the ASX^{5, 6}. Section trace A-A’ is shown in Figure 2.

Figure 4 – North–south vertical section through the Adina-Galinée pegmatite complex showing LIFT’s 2026 drill results and historical drill results previously reported to the ASX⁷. Section trace B-B’ is shown in Figure 2.

Table 2: Collar information for diamond drill holes presented in this news release.

Quality Assurance and Quality Control

All drill core samples were collected under the supervision of LIFT employees and contractors. Drill core was transported from the drill platform to the core processing facility at the Renard Mine, where it was logged, photographed, and split using a diamond saw prior to sampling. Samples were then bagged, and blanks and certified reference materials were inserted at regular intervals. Groups of samples were placed in large bags and sealed with numbered tags to maintain a chain of custody before being transported from LIFT’s Renard core logging facility to MSALABS (“MSA”), a commercial laboratory independent of LIFT, for sample preparation (crushing and pulverizing) and lithium assay.

Samples were prepared for analysis by MSALABS using preparation methods CRU-CPA and PPU-530. Samples were dried in their entirety and crushed to 70% passing 2 mm, and a 500 g subsample was split (CRU-CPA). A 1,000 g sample was pulverized to 85% passing 75 µm (PPU-530). Prepared sample pulps were analyzed using MSALABS’ custom multi-element analytical package PER-700W, involving sodium peroxide fusion of a 0.15 g aliquot followed by inductively coupled plasma atomic emission spectrometry and mass spectrometry (ICP-AES/MS). Lithium concentrations were converted to lithium oxide (Li₂O) using a conversion factor of 2.153.

For further information, please contact:

This release is authorised by the Board of Directors of LIFT.

About LIFT

LIFT is a Canadian lithium exploration and development company focused on advancing its flagship Adina and Galinée Lithium Projects and the Renard processing facility in the Eeyou Istchee James Bay region of Québec. The Company is working toward becoming Canada’s next producer of spodumene concentrate by leveraging its large-scale, high-grade lithium resources and the existing infrastructure at Renard, which LIFT holds under an exclusive option to acquire. LIFT also owns the Yellowknife Lithium Project in the Northwest Territories and maintains additional exploration properties in Canada.

Qualified Person

The disclosure in this news release of scientific and technical information regarding LIFT’s mineral properties has been reviewed and approved by Marc-Antoine Laporte, M.Sc.., P.Geo., Director Geological Services MIN NAM Global, SGS Geological Services who is an independent Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101).

Competent Person’s Statement

Information in this announcement that relates to exploration results is based on and fairly represents information and supporting documentation obtained by LIFT and reviewed and approved by Mr. Marc-Antoine Laporte, M.Sc.., P.Geo., Director Geological Services MIN NAM Global, SGS Geological Services, a Competent Person who is a Member of Ordre des Géologue du Québec (1347). Mr. Laporte has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a ‘Competent Person’ as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (“JORC Code”). Mr. Laporte is an independent consultant with SGS Canada Inc. – SGS Geological Services and Mr. Laporte consents to the inclusion in this announcement of the matters based on this information in the form and context in which it appears.

Past Exploration Results and Mineral Resource estimates reported in this announcement were first reported by the Company in accordance with ASX Listing Rules 5.7 and 5.8 in its Prospectus lodged with ASIC on 13 April 2026 (the “Prospectus”). The Company confirms that it is not aware of any new information or data that materially affects the information included in the Prospectus and that in the case of the Mineral Resource estimates, that all material assumptions and technical parameters underpinning the estimates in the Prospectus continue to apply and have not materially changed. The Company confirms that the form and content in which the Competent Person’s findings are presented here have not been materially modified from the Prospectus. Refer to the Prospectus for further information.

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”, “intend”, “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 news 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 April 27, 2026, which is available under the Company’s SEDAR+ profile at www.sedarplus.ca, in the Company’s prospectus supplement dated August 6, 2026, 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.

¹ Li-FT Power Ltd., Prospectus 11 August 2026, page 13.
² PMET Resources, ASX announcement PMET Resources Delivers Positive CV5 Lithium-Only Feasibility Study for its Large-Scale Shaakichiuwaanaan Project, 20 October 2025, page 1.
³ Sayona Mining Limited, ASX announcement 25 August 2025, Table 1, page 3.
⁴ Rio Tinto, ASX announcement 4 December 2025 Table C & D, page 7.
⁵ Historical drill intersections starting with “AD” are sourced from Winsome Resources Ltd’s ASX announcement released 28 May 2024.
⁶ Historical intersections starting with “GAL” are sourced from LIFTs Prospectus Annexure C released to the ASX on 22 May 2026.
⁷ Historical drill intersections are sourced from Winsome Resources Ltd’s announcement “Adina Drilling and Operations Update”, released to ASX on 19 August 2024.