Ultra Lithium To Extend Term Of Share Purchase Warrants

March 16, 2012

Vancouver, B.C., March 16, 2012 – Ultra Lithium (TSX-V: ULI) (“the Company” or “Ultra”) wishes to announce that it will extend the term of 2,000,000 outstanding share purchase warrants issued pursuant to a non-brokered private placement which closed on April 6, 2010. The warrants were originally exercisable for two years. The Company will extend the expiry date by three years, from April 6, 2012 to April 6, 2015. Each warrant entitles the holder to purchase one common share in the capital stock of the Company at a price of $0.10 per share. There are no other proposed changes to these warrants.

The transaction is subject to acceptance for filing by the TSX Venture Exchange.

On behalf of the Board,


Marc Morin

For more information contact the Company at:
Telephone: (604) 669-9788 Facsimile: (604) 669-9768

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 release.