Ultra Lithium Inc. (TSX VENTURE:ULI)(FRANKFURT:QFB) ("the Company" or "Ultra")
is pleased to announce that geophysical crews have mobilized to Serbia to begin
Phase 2 exploration work on the Company's 643 km2 lithium and boron properties. 


Following up on positive results from the Phase 1 program at the Valjevo East
and Blace concessions, Ultra has commissioned Beijing Explo-Tech Engineering Co.
to conduct comprehensive gridded audio-magnetotelluric (AMT) and gravity surveys
over the Kragujevic, Tnarva, Koceljeva, Preljina and Ladveci concessions. The
AMT survey will average one point per km2 for a total of 459 AMT points. In
conjunction with the AMT survey, the Company plans to complete 120 km2 of
gravity survey over the Valjevo East and Blace concessions to complement Phase 1
results. 


Data will be interpreted to refine basin geometry and identify potential lithium
and boron bearing strata. The geophysical surveys are part of the Phase 2
exploration program that includes geological mapping, outcrop sampling and soil
sampling. 


Reconnaissance rock and soil sampling work conducted in the Phase 1 program
returned inconclusive results due to the thick cover sequences that infill the
basins at Valjevo East and Blace. With the additional geophysical surveys, the
Company's geologists will be able to conduct target specific sampling programs
in the Phase 2 work program. 


Ultra has provided a request for tender to various drilling companies and is
currently in the final stages of selection. The Company intends to conduct a
3,000 meter campaign at the Valjevo East and Blace concessions where high
priority targets were identified in the Phase 1 exploration program.


The technical information in this news release has been prepared in accordance
with the Canadian regulatory requirements set out in NI 43-101 and reviewed on
behalf of the Company by Mr. Shahab Tavakoli, P.Geo, Geophysicist, M.Sc., a
Qualified Person under NI 43-101.


For more technical information on Ultra's Balkans Project, please refer to:
http://ultralithium.com/properties/balkans/.


ULTRA LITHIUM INC. 

On behalf of the Board,

Marc Morin, President & CEO

Statements in this press release regarding the Company which are not historical
facts are "forward-looking statements" that involve risks and uncertainties.
Such information can generally be identified by the use of forwarding-looking
wording such as "may", "expect", "estimate", "anticipate", "intend", "believe"
and "continue" or the negative thereof or similar variations. Since
forward-looking statements address future events and conditions, by their very
nature, they involve inherent risks and uncertainties such as the risk that the
closing may not occur for any reason. Actual results in each case could differ
materially from those currently anticipated in such statements due to factors
such as: (i) the inability of the parties to consummate the definitive letter
agreement; (ii) fluctuation of mineral prices; (iii) a change in market
conditions; (iv) the inability to produce the technical report for any reason
whatsoever; and (v) the refusal of the Exchange to accept the proposed
transaction for any reason whatsoever. Except as required by law, the Company
does not intend to update any changes to such statements.


We seek Safe Harbor.

FOR FURTHER INFORMATION PLEASE CONTACT: 
Ultra Lithium Inc.
Mr. Marc Morin
President and CEO
604-669-9788
Ultra Lithium (TSXV:ULI)
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