Li-FT Power Agrees to Combine with Winsome Resources and Acquire Majority Interest in the Galinée Property to Unlock Value at the Tier-One Adina Project

NEWS RELEASE

Trading Symbols: TSXV: LIFT ASX: WR1

LI-FT POWER AGREES TO COMBINE WITH WINSOME RESOURCES AND ACQUIRE MAJORITY INTEREST IN THE GALINÉE PROPERTY TO UNLOCK VALUE AT THE TIER-ONE ADINA PROJECT

VANCOUVER, British Columbia and Perth, Western Australia – December 15, 2025 – Li-FT Power Ltd. (“Li-FT”) (TSXV: LIFT) and Winsome Resources Limited (ASX: WR1) (“Winsome”) are pleased to announce the signing of a binding scheme implementation deed (the “Agreement”) whereby Li-FT will acquire 100% of the issued securities of Winsome, pursuant to Australian share and option schemes of arrangement under the Australian Corporations Act (together, the “Winsome Transaction”), subject to the satisfaction of various conditions.

Li-FT has also entered into a non-binding letter of intent with Azimut Exploration Inc. (“Azimut”) (TSXV:AZM) (OTCQX:AZMTF)and SOQUEM Inc. (“SOQUEM”) to acquire (the “Galinée Transaction”) an aggregate 75% interest in the Galinée property (“Galinée”), which is immediately adjacent to and is interpreted to host a continuation of the mineralization of the Adina project (“Adina” and, together with Galinée, “Adina-Galinée”).

The Winsome Transaction and Galinée Transaction have the support of Li-FT’s strategic shareholder, Avenir Minerals Limited (“Avenir Minerals”), which has extensive permitting, operating, and construction expertise in Québec.

Transaction Highlights

• Winsome shareholders to receive 0.107 of a Li-FT common share (each, a “Li-FT Share”) or a CDI (representing one Li-FT Share) for each ordinary share of Winsome (each, a “Winsome Share”) held (the “Exchange Ratio”).

• The Exchange Ratio implies an offer price of A$0.501 per Winsome Share based on the 5-day volume weighted average price (“VWAP”) of Li-FT Shares on the TSX Ventures Exchange (“TSXV”) as of market close on December 10, 2025¹, which represents a:

62% premium to the closing price of the Winsome Shares on the ASX as at December 8, o 2025²; and 68% premium to the 20-day VWAP of the Winsome Shares on the ASX for the period ending o December 8, 2025³.

• Winsome’s Board unanimously recommends Winsome securityholders vote in favour of the Winsome Transaction and each director having a relevant interest in Winsome Shares (collectively

1 Based on Li-FT’s 5-day VWAP of C$4.306 per share on December 10, 2025, an AUD/CAD FX rate of 0.9201 (RBA, December 10, 2025), and applying the Exchange Ratio of 0.107.

2 Being the last day of trading of Winsome Shares on an undisturbed basis before this announcement.

3 Being the last day of trading of Winsome Shares on an undisturbed basis before this announcement.

owning 6.2% of Winsome Shares and 42.3% of Winsome options on issue by number), intends to vote all those shares in favour of the Winsome Transaction⁴.

• Voting intention statement received from Winsome’s largest shareholder, Waratah Capital Advisors (owning 9.3% of Winsome Shares on issue), confirming that it intends to vote in favour of the Winsome Transaction⁵.
• Li-FT announces a concurrent private placement consisting of subscription receipts for gross proceeds of C$30 million ("Subscription Receipt Offering") to fund aggressive exploration and development of Adina-Galinée, conditional upon completion of the Winsome Transaction by June 30, 2026⁶. Li-FT to also complete a concurrent private placement consisting of Li-FT Shares for gross proceeds of C$10 million to fund exploration and development at its flagship Yellowknife Lithium Project (“Yellowknife”).
• Existing Winsome securityholders will own approximately 35.3% of the combined company on a fully diluted in-the-money basis upon completion by Li-FT of the Galinée Transaction⁷.
• Li-FT has agreed to apply for admission to the official list of the Australian Securities Exchange (the “ASX”) and to have Li-FT Shares trading on the ASX via the issue of CHESS Depository Interests (“CDIs”)⁸.
• Winsome Managing Director Chris Evans to join the Li-FT Board and Winsome Executive Director Development & Finance, Simon Iacopetta to take a position as strategic advisor to Li-FT Board upon successful completion of the Winsome Transaction.
• The Winsome Transaction is subject to completion of the Galinée Transaction, completion of the Li-FT Subscription Receipt Offering, Li-FT shareholder approval (if required), Li-FT being admitted to the official list of the ASX and approval for the official quotation of the CDIs on ASX and various other closing conditions that are considered customary, including Winsome shareholder approval and Court approval.

Transaction Rationale

• Unlocking Value at Adina & Galinée: Potential to significantly enhance Adina’s scale and project economics by integrating Galinée, potentially expanding the mineral resource and increasing open-pittable resources:
  • Adina deposit hosts 61.4 Mt at 1.14% Li2O (Indicated) and 16.5 Mt at 1.19% Li2O (Inferred)⁹
  • Current open-pittable resource constrained by the claim boundary with Galinée, which is interpreted to host a continuation of the Adina pegmatite swarm
  • Dissolving this claim boundary could significantly increase the size and scale of an open pit, and possibly the size and scale of the minable resource.
• Strategic Support: The Winsome Transaction and Galinée Transaction have the support of Li-FT’s strategic shareholder Avenir Minerals, which has extensive permitting, operating, and construction expertise in Québec;

4 Subject to there being no superior proposal and the independent expert concluding (and continuing to conclude) that the Winsome Transaction is in the best interests of Winsome securityholders.

5 Subject to no superior proposal emerging prior to the relevant meeting of Winsome shareholders and the independent expert concluding (and continuing to conclude) that the Winsome Transaction is in the best interests of Winsome shareholders.

6 Closing of subscription receipt to occur on or about January 20, 2026 7 Based on Winsome's 243,968,451 fully-paid ordinary shares, 10,305,000 performance rights and 20,688,900 options, and Li-FT’s 47,351,267 fully-paid common shares, 52,462 deferred share units and 899,500 in-the-money options. Assumes approximately 27.9 million total new Li-FT Shares issued to Winsome shareholders and optionholders, inclusive of approximately 0.7 million new Li-FT Shares to be issued under the Option Scheme (subject to prevailing prices), and 3.0 million new Li-FT Shares issued as upfront consideration for the Galinée Transaction. Excludes any deferred consideration on the Galinée Transaction and any Li-FT Shares to be issued under the concurrent Li-FT placements of subscription receipts and common shares. 8 Subject to Li-FT satisfying the ASX’s admission requirements.

9 Refer to Winsome's ASX announcement “Adina Mineral Resources Increases 33%” released to ASX on May 28, 2024. Refer also to the “Winsome

• Positioned for Growth: Following the acquisition of Winsome, the combined company will have significant scope for further expansion across the combined asset portfolio;
• Enhanced Capital Markets Profile: The combined company would have greater market capitalization, expanded analyst coverage, and stronger access to capital and support from institutional investors;
• Processing Opportunities: The combined company will be better positioned to evaluate processing opportunities at the Renard Mine (“Renard”), supported by greater funding capacity, incountry presence, and leveraging both companies’ expertise, ongoing dialogues, and strategic relationships; and
• Expanded Presence: Dual listing on the TSXV and the ASX upon completion of the Winsome Transaction, providing access to a broader pool of institutional and retail investors across Canada and Australia¹⁰.

Benefits for Winsome Shareholders

• Attractive Premium: 62% premium to Winsome’s closing price (A$0.310 per share) and 68% premium to Winsome’s 20-day VWAP (A$0.299 per share) on December 8, 2025¹¹;
• Diversification: Exposure to Li-FT’s portfolio of highly prospective hard rock lithium projects in Northwest Territories and Québec, including the Galinée property;
• Asset Continuity: Material ongoing exposure to Winsome’s high-quality lithium development assets, particularly Adina;
• Shareholder Support: Benefit from Li-FT’s established and supportive shareholder base, which has a strong track record in lithium investment and established connections to North American capital markets; and
• Development Pathway: Stronger platform for funding and development, supported by greater market capitalization, liquidity, broker coverage, and financial capacity of the combined group.

Benefits for Li-FT Shareholders

• Portfolio Growth: Strengthens Li-FT’s strategy to build a leading portfolio of high-value spodumene assets in Canada;
• Development Upside: Potential to unlock scale of Adina and Galinée through consolidation of the two projects;
• Diversification: Provides jurisdictional and asset-level diversification, strengthening Li-FT’s ability to pursue multiple downstream opportunities;

10 Subject to Li-FT’s satisfying the ASX’s admission requirements.

11 Based on an implied offer price of A$0.501 per Winsome Share, based on Li-FT’s 5-day VWAP of C$4.306 per share on December 10, 2025, an AUD/CAD FX rate of 0.9201 (RBA, December 10, 2025), and applying the Exchange Ratio of 0.107.

• Critical Mass: Enhances Li-FT’s ability to drive consolidation, pursue strategic growth, and attract funding through greater scale and credibility; and
• Accretive: Winsome Transaction is highly accretive on both a net asset value and resource basis.

Adina Highlights

Winsome holds a 100% interest in the Adina Lithium project located in Eeyou Istchee James Bay region of Québec. The flagship asset is one of the top five largest lithium resources in North America, with a globally significant Mineral Resource Estimate (“MRE”) of 61.4 Mt at 1.14% Li2O (Indicated) and 16.5 Mt at 1.19% Li2O (Inferred)¹². A total of 186 diamond drill holes for 57,756m were incorporated into the MRE. Mineralization remains open at depth and along strike, with recent Adina SW discovery highlights outlining the potential for new discoveries¹³.

Galinée Highlights

The Galinée property is currently a 50/50 joint venture (“JV”) between Azimut and SOQUEM, hosting wide, high-grade lithium-bearing pegmatites adjacent to the Adina deposit. At a broader scale, Galinée features multiple well-defined prospects, with recent till sampling leading to the discovery of new spodumene-bearing boulders and delineating two additional highly prospective target areas.

Winsome and its representatives have not independently verified the information sourced by Li-FT that is included in this Press Release (including the technical disclosures concerning Li-FT properties and Galinée) and do not assume any responsibility for the accuracy or completeness of that information. Refer to the disclaimer below for further information regarding the information contained in this Press Release.

Li-FT’s President and CEO, Francis MacDonald, said:

“This Winsome Transaction is transformative for both companies and their shareholders. Our combination with Winsome and acquisition of Galinée is a natural fit that creates one of the largest hard rock lithium developers in Canada and places Adina on an exciting path to potentially enhance its scale, resource profile, and project economics in the near-term. The combined company will be well funded and publicly listed on two of the world’s leading exchanges for mining issuers with research coverage and support from its institutional and strategic shareholders.”

Winsome Managing Director, Chris Evans, said:

“The Winsome Transaction represents an attractive opportunity for Winsome shareholders to become a meaningful part of a larger company at an attractive premium that clearly reflects the strategic value and growth potential of Winsome’s assets. The combined company is expected to have a marketleading position in the James Bay region of Quebec, access to capital from a range of strategic and financial investors, and a unique opportunity to progress development of significant lithium project in the near-term.”

12 Refer to Winsome's ASX announcement “Adina Mineral Resources Increases 33%” released to ASX on May 28, 2024. Refer also to the “Mineral Resources” section of the disclaimer.

13 Refer to Winsome's ASX announcement "Adina Drilling and Operations Update" released to ASX on August 19, 2024. Refer also to the "Exploration Results" section of the disclaimer.

Key Conditions and Terms of the Winsome Transaction

Under the terms of the Agreement, Li-FT will, subject to the satisfaction of various conditions, acquire the Winsome Shares by way of a scheme of arrangement under the Australian Corporations Act, whereby each Winsome shareholder will receive 0.107 of a Li-FT Share or CDI (capable of being traded on the ASX) valued at A$0.501 for each Winsome Share held¹⁴.

The implied consideration of A$0.501 per Winsome Share represents a 68% premium to the 20-day VWAP of the Winsome Shares on the ASX for the period ending December 8, 2025¹⁵ and values Winsome at approximately A$130.8 million on a fully-diluted-in-the-money basis¹⁶. Existing Winsome securityholders will own approximately 35.3% of the combined company on a fully diluted in-themoney basis upon completion by Li-FT of the Galinée Transaction¹⁷.

Key Conditions and Terms of the Galinée Transaction

Li-FT has entered into a non-binding letter of intent to acquire a 75% controlling interest in Galinée, comprising a 50% interest from Azimut and a 25% interest from SOQUEM (with SOQUEM retaining the remaining 25% interest).

For Azimut’s 50% interest, consideration will consist of:

• Upfront consideration: 2,000,000 Li-FT Shares and a 1.4% net smelter return royalty (“NSR”) on Galinée.

• Deferred consideration: $1,500,000, payable in cash or, subject to conditions to be set out in the definitive agreements, in shares, at the earliest of the completion of an economic study with respect to the Property or 18 months.

For SOQUEM’s 25% interest, consideration will consist of:

• Upfront consideration: 1,000,000 Li-FT Shares.

As of the time of this announcement, the parties have not entered into any definitive documentation in respect of the Galinée Transaction. As such, while Li-FT expects this transaction to proceed on the basis of the foregoing terms, they remain indicative only as of the time of this announcement. Li-FT is actively working towards entering into definitive documentation with Azimut and SOQUEM in the near term and will provide a market update upon execution of definitive documentation in due course in accordance with applicable securities laws. Completion of the Galinée Transaction remains subject to execution of such definitive documentation and satisfaction of all conditions precedent therein. Completion of the Winsome Transaction is conditional on completion of the Galinée Transaction.

Boards Approvals and Recommendations

The Winsome Board has unanimously approved the Winsome Transaction and recommends that all Winsome securityholders vote in favour of the Winsome Transaction at the meetings of the Winsome securityholders (the “Winsome Transaction Meeting”), subject to there being no superior proposal and the independent expert to be appointed by Winsome (the “Independent Expert”) concluding (and continuing to conclude) that the Winsome Transaction is in the best interests of Winsome

14 Based on Li-FT’s 5-day VWAP of C$4.306 per share on December 10, 2025, an AUD/CAD FX rate of 0.9201 (RBA, December 10, 2025), and applying the Exchange Ratio of 0.107.

15 Being the last day of trading of Winsome Shares on an undisturbed basis before this announcement.

16 Based on an implied offer price of A$0.501 per Winsome Share, based on Li-FT’s 5-day VWAP of C$4.306 per share on December 10, 2025, an AUD/CAD FX rate of 0.9201 (RBA, December 10, 2025), and applying the Exchange Ratio of 0.107.

17 Excludes any deferred consideration on the Galinée Transaction and the concurrent subscription receipt and common share private placements.

securityholders. Subject to those same qualifications, each director of Winsome intends to vote, or cause to be voted, all Winsome Shares and options held or controlled by them (representing in aggregate 6.2% of Winsome Shares and 42.3% of Winsome options as at the date of this announcement) in favour of the Winsome Transaction at the Winsome Transaction Meeting18,19.

The Li-FT Board has also unanimously approved the Winsome Transaction.

Key Shareholder Support

Waratah Capital Advisors, which controls 22,674,792 Winsome Shares (representing approximately 9.3% of the Winsome Shares as at the date of this Press Release) has provided a signed voting intention statement to Winsome indicating that it intends to vote, or cause to be voted, all Winsome Shares and Winsome options (if any) held or controlled by it or its associates at the time of the Winsome Transaction Meeting in favour of the Winsome Transaction, subject to no superior proposal emerging prior to the Winsome Transaction Meeting and the independent expert concluding (and continuing to conclude) that the Winsome Transaction is in the best interests of Winsome shareholders.

Waratah Capital Advisors has consented to Winsome and Li-FT publicly announcing its voting intention with respect to the Winsome Transaction.

Winsome Transaction Structure and Certain Terms of the Agreement

The Winsome Transaction is subject to the following closing conditions:

• Winsome securityholders approving the Winsome Transaction at the relevant Winsome Transaction Meeting by at least 75% of all votes cast by Winsome shareholders present and voting (in person or by proxy) at the Winsome Transaction Meeting and a majority by number of all Winsome securityholders present and voting (in person or by proxy) (excluding Li-FT and its associates);
• The requisite court approvals;
• Completion of the Li-FT Subscription Receipts Offering;
• Completion of the Galinée Transaction;

• The independent expert issuing an Independent Expert’s Report which concludes (and continues to conclude) that the Winsome Transaction is in the best interests of Winsome shareholders; • Approval from the ASX for the admission of Li-FT on the ASX and for the official quotation of Li- FT CDIs on the ASX;

• No material adverse change, no prescribed occurrence and no regulated event (each as defined in the Agreement) occurring in relation to either Li-FT or Winsome;

• Approval of the TSXV (including approval for quotation on the TSXV of the Li-FT Shares to be issued to Winsome shareholders and optionholders pursuant to the Winsome Transaction);

• Li-FT shareholders approval (if required); and
• Other customary conditions.

Under the Agreement, Li-FT has agreed to apply for admission to the official list of the ASX and for the official quotation of Li-FT CDIs on the ASX. Accordingly, if Li-FT is admitted to ASX and the Winsome

18 Winsome Directors hold an aggregate of 15,029,839 Winsome Shares, representing 6.2% of Winsome Shares on issue as at the date of this announcement, together with 7,900,000 Winsome performance rights held by Winsome Directors, representing 9.0% on a fully diluted basis as at the date of the announcement (calculations exclude Winsome options which will be converted into Li-FT Shares if the Winsome Transaction proceeds). 19 The voting intention is subject to no superior proposal and the independent expert concluding (and continuing to conclude) that the Winsome Transaction is in the best interests of Winsome shareholders.

Transaction is implemented, Winsome shareholders (other than ineligible shareholders) may elect to receive the applicable Li-FT Shares issuable to them as consideration in the form of CDIs (which may be traded on the ASX) or in the form of Li-FT Shares (which may be traded on the TSXV).

The Agreement also contains customary deal protection mechanisms, including "no shop", "no talk" and "no due diligence" provisions and a notification and matching rights regime in the event a Competing Proposal²⁰ emerges for Winsome (subject to customary fiduciary out exceptions).

The Agreement also sets out the circumstances in which a break fee of $1.3 million may be required to be paid by either Li-FT or Winsome.

Li-FT and Winsome have also agreed to undertake a separate but concurrent scheme of arrangement whereby Li-FT will acquire all outstanding Winsome options. The option scheme is conditional on the share scheme being effective, however the share scheme is not conditional on the option scheme proceeding. Other customary conditions apply to the option scheme, full details of which are set out in the Agreement.

Winsome performance rights will be vested in connection with the Winsome Transaction, with the resulting Winsome Shares to be subject to the scheme²¹.

Concurrent Offering

Li-FT has entered into agreements with Canaccord Genuity Corp. (“Canaccord Genuity”), as lead underwriter on behalf of a syndicate of underwriters (collectively, the “Underwriters”), to raise aggregate gross proceeds of C$40 million (the “Concurrent Offering”). The Concurrent Offering will consist of a combination of the following securities (the “Securities”):

The Subscription Receipt Offering

• 3,876,000 “flow-through” subscription receipts of Li-FT (the “FT Subscription Receipts”) at a price of C$6.45 (the “FT Issue Price”) for gross proceeds of C$25,000,200; and
• 1,162,800 subscription receipts of Li-FT (the “Non-FT Subscription Receipts” and, together with the FT Subscription Receipts, the “Subscription Receipts”) at a price of C$4.30 (the “Non-FT Issue Price”) for gross proceeds of C$5,000,040.

The Non-Subscription Receipt Offering

• 775,200 “flow-through” common shares of Li-FT (the “FT Shares”) at the FT Issue Price for gross proceeds of C$5,000,040; and
• 1,162,800 common shares of Li-FT (the “Non-FT Shares”) at the Non-FT Issue Price for gross proceeds of C$5,000,040 million.

Li-FT has granted the Underwriters an option (the “Underwriters’ Option”), to sell up to C$6,500,000 of additional Securities, in any combination as agreed between Li-FT and the Underwriters, at the applicable offering price. The Underwriters’ Option shall be exercisable, in whole or in part, until two days prior to the Closing Date (as defined below).

Avenir Minerals has indicated that it intends to participate in the Subscription Receipt Offering.

20 As defined in the Agreement.

21 The vesting of Winsome performance rights may be subject to receipt of a waiver from ASX Listing Rule 6.23.3.

Each FT Subscription Receipt will entitle the holder thereof to receive, without any further action and without payment of additional consideration, and subject to adjustments in certain circumstances, one (1) common share of Li-FT that will qualify as a “flow-through share” (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”) upon the satisfaction or waiver of the Escrow Release Conditions (as defined below) prior to the Termination Date (as defined below).

Each Non-FT Subscription Receipt will entitle the holder thereof to receive, without any further action and without payment of additional consideration, and subject to adjustments in certain circumstances, one (1) common share of Li-FT upon the satisfaction or waiver of the Escrow Release Conditions prior to the Termination Date.

The Subscription Receipts will be issued under subscription receipt indentures (the “Subscription Receipt Indentures”) among Li-FT, a subscription receipt agent to be determined (the “Subscription Receipt Underwriter”), and Canaccord Genuity.

The aggregate gross proceeds from the sale of the FT Subscription Receipts (upon escrow release) will be used to incur eligible “Canadian exploration expenses” that qualify as “flow-through critical mineral mining expenditures” as both terms are defined in the Tax Act (the “Qualifying Expenditures”) related to Adina-Galinée on or before December 31, 2027. The net proceeds from sale of the Non-FT Subscription Receipts (upon escrow release) will be used towards Adina-Galinée and for general corporate purposes.

The aggregate gross proceeds from the sale of the FT Shares will be used to incur Qualifying Expenditures on Li-FT’s Yellowknife Lithium Project, the Galinée property (upon acquisition) and Li- FT’s other exploration properties on or before December 31, 2027. The net proceeds from the sale of the Non-FT Shares will be used towards project development, particularly in respect of Li-FT’s Yellowknife Lithium Project, the Galinée property (upon acquisition) and general corporate purposes.

The aggregate gross proceeds from the sale of the Subscription Receipts, less 50% of the Underwriters’ commission and certain expenses of the Subscription Receipt Offering (the “Escrowed Funds”), will be held in escrow pursuant to the Subscription Receipt Indentures in interest bearing accounts pending the earlier of: (a) the satisfaction of the escrow release conditions (which include, among other things, the completion of the acquisition of Winsome by Li-FT pursuant to the Winsome Transaction) (the “Escrow Release Conditions”) and (b) the occurrence of a Termination Event.

If (i) the Escrow Release Conditions have not been satisfied prior to 5:00 p.m. (Toronto time) on June 30, 2026 (the “Outside Date”), (ii) the Winsome Transaction is terminated at any earlier time, or (iii) Li- FT advises Canaccord Genuity, or announces to the public that it does not intend to satisfy the Escrow Release Conditions (in any case, a “Termination Event”, and the date upon which such event occurs, the “Termination Date”), the Subscription Receipt Agent shall return to the holders of the Subscription Receipts an amount equal to the aggregate offering price of the Subscription Receipts held by each such holder and their pro-rata portion of interest and other income earned on the Escrowed Funds and the Subscription Receipts shall be cancelled. Li-FT shall be responsible for any shortfall between the aggregate offering price paid by the original purchasers of the Subscription Receipts and the Escrowed Funds.

The Subscription Receipts will be marketed (i) to investors in each of the provinces and territories of Canada on a private placement basis; (ii) to investors in the United States pursuant to available exemptions from the registration requirements of the United States Securities Act of 1933, as amended; and (iii) to investors resident in jurisdictions outside of Canada and the United States, in each case in accordance with all applicable laws provided that no prospectus, registration statement or similar document is required to be filed in such jurisdiction.

The Concurrent Offering is expected to close on or about January 20, 2026 (the “Closing Date”).

As provided under in the Agreement, Li-FT must use best endeavours to complete the Concurrent Offering (both the Subscription Receipt Offering and the Non-Subscription Receipt Offering). Additionally, until implementation of the Winsome Transaction the net proceeds raised under the Non- Subscription Receipt Offering must be used in accordance with a budget that has been agreed upon by Li-FT and Winsome, subject to the terms and conditions of the Agreement.

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

Sale of Winsome's Offtake Rights from Case Lake Area

Winsome is also pleased to announce that it has sold its offtake rights to lithium, cesium and tantalum from the Case Lake Area in Eastern Ontario to a subsidiary of Albemarle Corporation (NYSE: ALB), for C$1,800,000. Winsome held the offtake rights under an existing offtake agreement between Winsome and Power Metals Corp. (TSXV: PWM) (“PWM”). PWM consented to the sale.

Winsome continues to hold a 15.6% interest in PWM, valued at C$23.6 million based on PWM's closing share price (C$0.870 per share) on December 10, 2025²².

Scheme Implementation Deed

A full copy of the Agreement accompanies this Press Release as filed with the ASX. The Agreement will also be available on Li-FT’s and Winsome’s respective SEDAR+ profiles at www.sedarplus.ca and on Winsome's website at www.winsomeresources.com.au/investors/.

Timetable and Next Steps

Winsome shareholders do not need to take any action in relation to the Winsome Transaction at this stage.

A Winsome Transaction scheme booklet setting out the key terms of the transaction, including the Winsome Transaction, Independent Expert’s Report and the reasons for the recommendation of the Winsome Board will be sent to all Winsome securityholders in due course. The Winsome Transaction Meeting to consider the Winsome Transaction is expected to be held in early April 2026 and the Winsome Transaction is expected to be implemented before the end of April 2026, subject to satisfaction of all conditions and receipt of all necessary approvals.

An indicative timetable is set out below²³:

22 Based on 27.1 million Power Metals Corp. shares (TSXV: PWM)

23 Dates are indicative only and subject to change without notice. The timetable can be delayed by a range of factors outside of the control of Li-FT and Winsome. Li-FT and Winsome reserve the right to alter the dates at their discretion and without notice, subject to the ASX Listing Rules, the Corporations Act and other applicable laws and regulatory approvals.

Action Estimated Date First Court Dates Mid to late February 2026 Dispatch Winsome Transaction booklet to Winsome Late February 2026 shareholders Winsome Transaction Meeting Early April 2026 Second Court Date Mid April 2026 Effective Date Late April 2026 Record Date²⁴ Two business days after Effective Date Implementation Date Five business days after Record Date

Advisors and Counsel

Canaccord Genuity Corp. is acting as financial advisor to Li-FT. Allion Partners Pty Ltd are acting as Li-FT’s Australian legal advisors and McCarthy Tétrault LLP are acting as Li-FT’s Canadian legal advisors in respect of the Winsome Transaction.

Azure Capital is acting as financial advisor to Winsome. DLA Piper Australia is acting as Winsome’s Australian legal advisor and DLA Piper (Canada) LLP is acting as Winsome's Canadian legal advisor in respect of the Winsome Transaction.

Canaccord Genuity Corp. is acting as sole lead manager of the Concurrent Offering.

About Li-FT

Li-FT is a mineral exploration company engaged in the acquisition, exploration, and development of lithium pegmatite projects located in Canada. Li-FT’s flagship project is the Yellowknife Lithium Project located in Northwest Territories, Canada. Li-FT 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 more details: www.li-ft.com

About Winsome

Winsome (ASX: WR1) is a Canadian focused exploration and development company with several projects in the Eeyou Istchee James Bay region of Quebec. Its flagship project is Adina, a 100% owned lithium resource considered a tier-one asset in a low-risk mining jurisdiction. The hard rock spodumene lithium deposit has a Mineral Resource Estimate of 61.4 Mt at 1.14% Li2O (Indicated) and 16.5 Mt at 1.19% Li2O (Inferred)²⁵. In addition to its impressive portfolio of lithium projects in Quebec, Winsome owns a 15.6% equity stake in PWM who own the Case Lake Project in Eastern Ontario. For more details: www.winsomeresources.com.au

This announcement has been approved for distribution by the Board of Directors of each of Li-FT and Winsome.

For further information

24 Subject to the Winsome Transaction being approved by the court and becoming effective.

25 Refer to Winsome's ASX announcement “Adina Mineral Resources Increases 33%” released to ASX on May 28, 2024. Refer also to the “Winsome Li-FT Power Ltd. Winsome Resources Limited Francis MacDonald Chris Evans President, CEO & Director Managing Director Phone: (604) 609-6185 Email: [email protected] Email: [email protected] Website: www.winsomeresources.com.au Website: www.li-ft.com Media Luke Derbyshire – Managing Director Spoke [email protected] +61 488 66 42 46

CAUTIONARY NOTE REGARDING TECHNICAL DISCLOSURE CONCERNING LI-FT PROPERTIES

The technical and scientific information in this Press Release related to Li-FT’s projects has been reviewed and approved by Ron Voordouw, Ph.D., P.Geo., Partner, Director Geoscience, Equity Exploration Consultants Ltd., and a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (NI 43-101) and member in good standing with the Northwest Territories and Nunavut Association of Professional Engineers and Geoscientists (NAPEG) (Geologist Registration number: L5245).

Due to the uncertainty that may be attached to inferred mineral resource estimates, it cannot be assumed that all or any part of an inferred mineral resource estimate will be upgraded to an indicated or measured mineral resource estimate as a result of continued exploration. Confidence in an inferred mineral resource estimate is insufficient to allow meaningful application of the technical and economic parameters to enable an evaluation of economic viability sufficient for public disclosure, except in certain limited circumstances set out in NI 43-101. The mineral resource estimate in respect of Li-FT’s Yellowknife Lithium Project only includes inferred mineral resources, which are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is also no certainty that these inferred mineral resources will be converted to the measured and indicated categories through further drilling, or into mineral reserves, once economic considerations are applied. There is no assurance that mineral resources will be converted into mineral reserves.

Readers in Australia should note Li-FT's mineral resource estimates have been prepared in accordance with NI 43-101 and not the JORC Code.

CAUTIONARY NOTE REGARDING TECHNICAL DISCLOSURE CONCERNING WINSOME PROPERTIES

It is a requirement of the ASX Listing Rules that the reporting of (amongst other things) exploration results, mineral resources and ore reserves in Australia comply with the 2012 Edition of the Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves (JORC Code).

Readers outside Australia should note that the mineral resource estimate for Winsome's Adina Lithium Project has been prepared in accordance with the JORC Code on the basis of assumptions which differ from the requirements of NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) - CIM Definition Standards on Mineral Resources and Mineral Reserves adopted by the CIM Council, as amended (CIM Definition Standards). Winsome has separately prepared a mineral resource estimate in accordance with NI43-101 and the CIM Definition Standards. Further, readers outside of Australia should note that reporting of mineral resource estimates in accordance with the JORC Code may not comply with the relevant guidelines in other countries.

Readers should not assume that quantities reported as "resources" will be converted to "reserves" under the JORC Code or any other reporting regime or that Winsome (or the combined entity, as applicable) will be able to legally and economically extract them.

Mineral Resources Information in this Press Release regarding Adina Lithium Project mineral resources estimate (Adina MRE) is extracted from Winsome's ASX announcement entitled “Adina Mineral Resources Increases 33%” released to ASX on May 28, 2024 which is available Winsome's website at https://winsomeresources.com.au/investors/. Winsome confirms that it is not aware of any new information or data that materially affects the information included in the original announcement, and that all material assumptions and technical parameters underpinning the estimates in the original announcement continue to apply and have not materially changed. Winsome confirms that the form and context in which the competent person’s findings are presented have not been materially modified from the original announcement.

Exploration Results Information in this Press Release regarding exploration results at the Adina Lithium Project is extracted from Winsome's ASX announcement entitled "Adina Drilling and Operations Update" released to ASX on August 19, 2024 which is available Winsome's website at https://winsomeresources.com.au/investors/. Winsome confirms that it is not aware of any new information or data that materially affects the information included in the original announcement. Winsome confirms that the form and context in which the competent person’s findings are presented have not been materially modified from the original announcement.

References to a "historical estimate"

Please note that Winsome's Adina MRE is considered by Li-FT, in accordance with NI 43-101 as a "historical estimate". Readers should not interpret that classification under NI 43-101 as a classification as a "historical estimate" for the purposes of the JORC Code and Winsome confirms that the Adina MRE is not a historical estimate for the purposes of the JORC Code or the ASX Listing Rules.

Li-FT does not believe that material differences would arise if the Adina MRE had been estimated in conformity with NI 43-101 and CIM Definition Standards. Li-FT believes the Adina MRE and the data used to compile the estimate –which, to the knowledge of Li-FT, represents the most recent estimate and data available – are generally reliable and relevant. In 2026, Li-FT intends to initiate the requisite work to evaluate relevant existing technical information and thereafter complete additional drilling, as appropriate, and have a mineral resource estimate in respect of a combined Adina-Galinée property prepared.