LIFT Appoints Jeff Reinson as Senior Vice President of Development

Rhea-AI Summary

LIFT (OTCQX: LIFFF) appointed Jeff Reinson as Senior Vice President of Development, effective Feb 25, 2026. Reinson brings 25+ years of mining project, engineering and operations leadership from roles at Burgundy Diamond Mines, First Mining Gold, Goldcorp, Newmont and Rio Tinto.

The company granted 175,000 options exercisable at $7.20 (five-year term, staged vesting) and 15,000 RSUs vesting over three years. LIFT also retained Rose & Co. for investor relations at USD $50,000 quarterly starting Feb 23, 2026, subject to TSXV approval.

VANCOUVER, British Columbia, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Li-FT Power Ltd. (“LIFT” or the “Company”) (TSXV: LIFT) (OTCQX: LIFFF) (Frankfurt: WS0) is pleased to announce the appointment of Jeff Reinson, a seasoned mining executive who brings over 25 years of project and engineering leadership experience to the role of Senior Vice President of Development.

Mr. Reinson previously served as Vice President of Operations at Burgundy Diamond Mines, where he oversaw the 24/7 operations of Ekati Diamond Mine. Prior to his tenure at Burgundy, he was Chief Operating Officer at First Mining Gold Corp. Throughout his career, he has held senior leadership and project director roles with internationally recognized mining companies, including Goldcorp, Newmont, and Rio Tinto. Jeff holds a Master of Science (M.Sc.) and a Bachelor of Science (B.Sc.) in Civil Engineering from the University of Saskatchewan.

In connection with the appointment of Mr. Reinson, the Company has granted a total of 175,000 stock options (the "Options") and 15,000 restricted share units (“RSUs”) pursuant to its Omnibus Share Incentive Plan (the “Plan”). The Options are exercisable at a price of $7.20 per share and will fully vest after two years, with one quarter of the total options vesting at each six-month anniversary, subject to continued service, and will expire five years from the date of grant. In addition, the Company has granted 15,000 RSUs, which will vest in equal annual installments over a three-year period, subject to continued service, and will be settled in common shares upon vesting at a deemed price of $7.20 per share, in accordance with the terms of the Plan.

Francis MacDonald, President & CEO of LIFT comments, “We’re very pleased to welcome Jeff Reinson to LIFT. Jeff brings more than 25 years of project development, engineering and operational leadership across a range of mining operations, and his experience will be a major asset as we advance our portfolio and strengthen our execution capabilities. We look forward to the leadership and discipline he will bring to the team as we continue progressing the Company’s next phase of growth.”

Investor Relations Engagement

LIFT is pleased to announce that it has retained Rose & Company (Rose & Co.) to provide investor relations and institutional investor outreach services to the Company (the “Services”). The Services will include institutional investor outreach and ongoing engagement, non-deal roadshow support, and advice regarding capital markets communications.

In consideration for the Services, Rose & Co. will be paid USD$50,000 quarterly in advance, starting February 23, 2026, with the first quarterly retainer being due within 30 days of commencement. The Services have an initial term of one year ending February 22, 2027, and may be extended on an annual basis thereafter. Rose & Co. does not have any direct or indirect interest in the Company, or its securities, nor any right or intent to acquire such an interest. The agreement with Rose & Co. is subject to the approval of the TSX Venture Exchange.

Founded in 2015, Rose & Co. is an independent capital markets advisory firm that provides strategic counsel and investor engagement support to public companies. To learn more about Rose & Co., please visit www.roseandco.com.

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     Chief Executive Officer             Tel:  + 1.604.609.6185               Email: investors@li-ft.com Website: www.li-ft.com

Daniel Gordon Investor Relations Tel: +1.604.609.6185 Email: investors@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 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.

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.

FAQ

What role did LIFT (LIFFF) name Jeff Reinson to on February 25, 2026?

Jeff Reinson was named Senior Vice President of Development at LIFT on Feb 25, 2026. According to the company, he brings over 25 years of project, engineering and operational leadership from major mining companies.

What equity compensation did LIFT (LIFFF) grant Jeff Reinson on his appointment?

LIFT granted 175,000 stock options and 15,000 RSUs to Jeff Reinson. According to the company, options exercise price is $7.20 with five-year expiry and staged vesting; RSUs vest in equal annual installments over three years.

What are the vesting terms for the options and RSUs granted to Jeff Reinson at LIFT (LIFFF)?

Options vest quarterly over two years with one-quarter every six months; they expire in five years. According to the company, RSUs vest in equal annual installments over three years and settle in common shares at a deemed $7.20 per share.

What investor relations agreement did LIFT (LIFFF) announce in February 2026?

LIFT retained Rose & Co. for investor relations and institutional outreach with a one-year initial term. According to the company, the firm will be paid USD $50,000 quarterly in advance, starting Feb 23, 2026, subject to TSXV approval.

When does the Rose & Co. investor relations retainer for LIFT (LIFFF) begin and how long is the initial term?

The retainer begins Feb 23, 2026, with the first quarterly retainer due within 30 days. According to the company, the Services have an initial one-year term ending Feb 22, 2027, and may be extended annually thereafter.

What experience does Jeff Reinson bring to LIFT (LIFFF) as SVP of Development?

Reinson brings over 25 years in project development, engineering and operations leadership across mines and major companies. According to the company, his background includes roles at Ekati operations, First Mining Gold, Goldcorp, Newmont and Rio Tinto.