Li-FT Appoints New Chief Executive Officer and President

Vancouver, British Columbia–(Newsfile Corp. – November 8, 2022) – Li-FT Power Ltd. (CSE: LIFT) (FSE: WS0) (“Li-FT” or the “Company“)  is pleased to announce that the board of directors has appointed Mr. Francis MacDonald as Chief Executive Officer (“CEO“) and Mr. Alex Langer as President (“President“) of the Company effective immediately.

Julie Hajduk, the former CEO, will continue as an active and engaged member of the board of directors and will support the management team during a transition. The Company thanks Ms. Hajduk for her integrity, leadership and dedication to the Company since Li-FT’s incorporation in May 2021.

Mr. MacDonald, who currently serves on the Company’s board of directors, brings over 15 years of experience in the mining industry and is an exploration geologist by training. He is a co-founder of Kenorland Minerals, a North American-focused exploration company that generates greenfield exploration opportunities across different commodities. Prior to co-founding Kenorland Minerals in 2016, Mr. MacDonald spent the majority of his career with Newmont Mining Corporation doing greenfield exploration in Nunavut, West Africa, and East Africa.

“I am very excited to take on a new role as CEO of Li-FT. We have an excellent pipeline of targets in Quebec which should make for a very exciting exploration story. I would like to thank Ms. Hajduk for bringing the company to this point and remaining committed to the team as a board member.”

Mr. Langer, who currently serves on the Company’s board of Directors, is a successful public markets specialist with over eighteen years of experience in all aspects of equity financing. He worked with Canaccord Genuity for four years as an Investment Advisor, where he helped fund over 100 private and publicly listed companies in various sectors including technology, mining, healthcare, forestry, and green technology. Mr. Langer was instrumental in the recent success of Millennial Lithium Corp., bringing key financial support and industry partners from his global connections through his role as Vice President. He is currently the CEO, President, and Director of Sierra Madre Gold and Silver.

About Li-FT

Li-FT is a mineral exploration company engaged in the acquisition, exploration, and development of mineral properties, specifically lithium pegmatite projects located in Canada. The Company currently holds a 100% interest on the Rupert Project, which is a 155,000 hectare greenfield lithium pegmatite exploration initiative, and has recently signed an option agreement for a 15,323 hectare project with 70% interest on the Pontax Property. On September 21, 2022 The Company additionally entered into an option agreement for a 18,535 hectare property with a 100% on the Lac des Montages Project. All properties are located in the James Bay region in Quebec, Canada.

For further information, please contact:

Julie Hajduk
Chief Executive Officer
Tel: (604) 609-6185
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”, “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 are based on current expectations and various estimates, factors and assumptions and involve known and unknown risks, uncertainties and other factors.

Forward-looking statements are not a guarantee of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Factors that could cause the actual results to differ materially from those in forward-looking statements include the continued availability of capital and financing, and general economic, market or business conditions, including the effects of COVID-19. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, there can be no assurance that the statements will prove to be accurate or that management’s expectations or estimates of future developments, circumstances or results will materialize. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company’s forward-looking statements.

Neither the Canadian Securities Exchange (the “CSE”) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/143438

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