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Ultra Lithium Announces Appointment of Technical Adviser And Sale of Ontario Property Interest

Vancouver, B.C., October 17, 2013 – Ultra Lithium Inc. (TSX-V: ULI) (“Ultra” or “the Company”) The Company is pleased to welcome a world-class borate and lithium expert, Mr. Jerry Aiken, to the Company’s Technical Advisory Board.

Mr. Aiken has more than 42 years of experience in the mineral exploration business involving base and precious metals and industrial minerals with most recent emphasis on Lithium, Potash and Borates.  He has been involved in project generation, geologic mapping, geochemical evaluation, drill program supervision and regional program management throughout the Western United States, Canada, Mexico, South America and parts of Europe.

Marc Morin, CEO and Director, said, “We are delighted to add someone of Mr. Aiken’s caliber to our team at Ultra Lithium. He brings a vast amount of international experience and will be a valuable asset to the Company. We look forward to working with Jerry in advancing and developing the Company’s lithium and boron project in Serbia.”

The Company also wishes announce it has entered into an agreement with Canadian Orebodies Inc. (“Orebodies”) for the sale of the Company’s remaining 20% interest in the ZigZag Lake property in Ontario. As consideration, 500,000 shares of Orebodies shall be issued to the Company.

ON BEHALF OF THE BOARD OF DIRECTORS,
Ultra Lithium Inc.

Per: “Marc Morin

Marc Morin
CEO and Director

FOR FURTHER INFORMATION PLEASE CONTACT:

Suite 507 – 700 West Pender Street, Vancouver, BC, V6C 1G8
Telephone:       (604) 669-9788
Facsimile:        (604) 669-9768
Email: mmorin@ultralithium.com
Website: www.ultralithium.com

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.