ULI Ultra Lithium Inc

Ultra Lithium Inc. (TSX-V:ULI) (“ULI” or “the Company”) is pleased to announce that it is starting the second round of surface sampling with focus on the Salar Laguna Verde Discovery Zone in the Province of Catamarca, Argentina. The assay results from surface sampling in this area, announced in ULI’s November 07, 2017 press release indicated one sample with lithium (Li) value of 1100 parts per million (ppm) and a magnesium to lithium ratio of less than two. The field crew plans to mobilize to the property next week. Exploratory sampling will be carried out by collecting surface brines and shallow sub-surface brines down to a depth of approximately one meter. 

Further review of the assay results by the Company’s technical team indicates a strong correlation of lithium values with brine density measured in the field (See Table Below). The other controlling physical parameters are pH, total dissolved solids (TDS) and the influence of fresh water from alluvial fans in the catchment area of Laguna Verde Salar. ULI’s working model for exploration is that the potential source of lithium in the lagoon and subsurface is hydrothermal movement of lithium through a system of faults. A northwest–southeast running fault structure has been identified in the field and on satellite images which is considered a possible source of lithium concentration in this brine. This interpretation of the results will be used as a guideline for future sampling and testing work. 

Dr. Weiguo Lang, CEO of Ultra Lithium, stated that, “We are very excited about the Laguna Verde discovery and want to continue exploring this area as a priority while we continue working on other brine properties in Argentina. This phase of exploration will help to increase our understanding of the lithium concentration mechanism and its controlling geological processes. Our efforts to acquire and explore Argentinian brine lithium assets is paying off in a big way.”

Qualified PersonThe technical information contained in this news release has been reviewed and approved by Afzaal Pirzada, P.Geo., a qualified person, as defined by NI 43-101 who works as Vice President Exploration of the Company.

ON BEHALF OF THE BOARD OF DIRECTORS  

“Kiki Smith”  Kiki Smith, CFO  

About Ultra Lithium Inc. Ultra Lithium is an exploration and development company with a focus on the acquisition and development of lithium assets. The Company currently holds brine exploration properties in Catamarca, Argentina and Nevada, USA and a hard rock spodumene type lithium property in Ontario, Canada.

For further information, please contact the Company at: Attention: Kiki SmithTelephone: 778 968-1176 Facsimile: 604 909-4682 Email:kiki@ultralithium.com Website: www.ultralithium.com View the Company’s filings at www.SEDAR.com.

Table 1: Correlation of October 2017 Sampling Data from Laguna Verde with Physical Field Parameters

Project	Area	SAMPLE	WGS84	TDSgr/l	SAL	COND	RESIS.	PH	DENSITY	Li  mg/l	Mgmg/l	K mg/l	Na mg/l
Laguna Verde	Laguna Verde II	17CA029	19 J 607380 7198451	13.55	7.7	13.55	73.8	8.6	1010	14.0	87.9	262	2650
Laguna Verde	Laguna Verde II	17CA030	19 J 606573 7198467	>200	>70	226	4.39	7.4	1250	1100.0	1900	14100	127000
Laguna Verde	Laguna Verde II	17CA031	19 J 606275 7198901	>200	>70	232.5	4.87	7.5	1200	514.0	490	8870	97400
Laguna Verde	Laguna Verde II	17CA032	19 J 606202 7199362	85.5	59.5	85.5	11.69	8.5	1050	92.5	542	1340	23800
Laguna Verde	Laguna Verde I	17CA033	19 J 603634 7200748	25	14.9	25	40	8.1	1015	24.8	323	351	4980
Laguna Verde	Laguna Verde I	17CA034	19 J 602873 7197649	143.7	>70	143.7	6.95	8.4	1100	199.0	234	2620	44400
Laguna Verde	Laguna Verde I	17CA035	19 J 602859 7198645	37.4	23.2	37.4	26.7	8.8	1035	39.4	154	522	8780
Laguna Verde	La Maru	17CA036	19 J 606062 7200840	53.5	34.5	53.5	18.7	8.8	1035	48.9	355	723	13000
Laguna Verde	La Maru	17CA037	19 J 606070 7201410	124.4	>70	124.7	8.07	8.4	1080	147.0	1180	2240	34900
Laguna Verde	La Maru	17CA038	19 J 604608 7201220	54.5	35.2	54.5	18.35	8.2	1030	57.5	565	1020	12300
Laguna Verde	Griselda	17CA039	19 J 603012 7197999	150.6	>70	150.6	6.64	8.5	1100	202.0	240	2680	45600