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Ultra Lithium Signs MOU for Trial Production of Lithium Carbonate

Vancouver, BC – Ultra Lithium Inc. (TSX-V: ULI) (FSE: QFB) (“ULI” or “the Company”) is pleased to announce that it has signed a Memorandum of Understanding (MOU) with CADAVISA TECHNOLOGY CORPORATION (“CTC”) of Beijing, China to cooperate in lithium extraction and production using CTC’s proprietary technology. CTC uses selective separation methods through crystallization processes to produce battery grade lithium carbonate. CTC is constructing a plant in China with a capacity of 25,000 tonnes/year battery grade lithium carbonate.

CTC is closely associated with Chemical Engineering College of Tsinghua University and lithium-ion battery production industries in China. CTC has completed numerous production tests with both spodumene and brine lithium materials. According to CTC its technology has been proven to be economically viable and environmentally friendly.

Under the terms of Phase 1 of the MOU ULI will provide assay results from its brine and spodumene lithium projects for CTC to evaluate. ULI will also provide CTC with dried brine and spodumene pegmatite raw materials to conduct trial production. All trial production results and data shall be shared by and belong to the two parties on a confidential basis. All products from trial production will belong to ULI.

Subject to the successful completion of Phase 1 ULI and CTC, will consider entering into a definitive cooperation agreement which may include, but is not limited to, participation by CTC in equity financing of ULI; investments in joint projects, building a processing plant in Argentina and/or Canada and granting CTC priority for potential supplies of lithium concentrates and/or raw materials.

Dr. Weiguo Lang, CEO of Ultra Lithium, stated that, “We are very pleased to be entering into this MOU. It is a step forward toward Ultra Lithium’s goal to transform into a vertically integrated lithium company, exploring high quality lithium projects in the upstream, producing lithium concentrates and developing strong relationships downstream with lithium end users.”

Qualified Person

The 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.

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 five brine lithium properties in Argentina, and one hard rock spodumene type lithium property at the Georgia Lake area in northwestern Ontario, Canada.

On behalf of the Board of Directors
Kiki Smith, CFO

For further information, please contact:
Kiki Smith, CFO
T: +1-778-968-1176
F: +1-604-909-4682
E: kiki@ultralithium.com
W: www.ultralithium.com
Or view the Company’s filings at www.sedar.com

Cautionary Statement Regarding “Forward-Looking” Information
Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as “plans”, “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words or phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company’s control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Ultra Lithium’s Second Round of Sampling Further Confirms High Grade Lithium Brines at Salar Laguna Verde in Catamarca Argentina

Vancouver, BC – Ultra Lithium Inc. (TSX-V: ULI) (FSE: QFB) (“ULI” or “the Company”) has received preliminary assay results of the first four samples from the second round of sampling completed in December 2017 on the Salar Laguna Verde Discovery Zone in Catamarca Province, Argentina. Assay results indicate lithium values in the range of 263 to 1,178 milligrams per liter (mg/L) or parts per million (ppm), magnesium values less than 20 ppm to 9,150 ppm and potassium values are 6,706 ppm to 21,741 ppm. The Laguna Verde area is marked by low magnesium to lithium ratios, in the range of 0.019 to 7.77.

A total of 36 samples were collected from surface and shallow sub-surface brines down to a depth of one meter or less. Hand tools, such as hammers, and shovels were used to break the surface salt / sediment layers to access the brines. Brine samples were collected in clean plastic bottles which were rinsed with brine before sampling. Field parameters of each sample were recorded which include: depth of water table from surface, total dissolved solids, temperature, conductivity, salinity, pH, and density. All samples were shipped to SGS Laboratories in Buenos Aires, while four duplicate samples were sent to Alex Stewart Laboratories in Jujuy, Argentina. The samples were assayed by method LMMT03 (ICP-OES). The results of these four duplicate samples are reported with highlights presented below (also see Table 1).

Highlights:

  • Sample 17CA079 – indicated 1,178 ppm lithium (Li), 16,994 ppm potassium (K), 1,900 ppm boron (B), and 9,150 ppm magnesium (Mg); with Mg/Li ratio of 7.77.
  • Sample 17CA081 – indicated 263 ppm lithium, 6,706 ppm potassium, 602 ppm boron, and 34 ppm magnesium (Mg); with Mg/Li ratio of 0.13.
  • Sample 17CA082 – indicated 685 ppm lithium, 10,084 ppm potassium, 777 ppm boron, and 3,861 ppm magnesium; with Mg/Li ratio of 5.64.
  • Sample 17CA083 – indicated 1,048 ppm lithium, 21,741 ppm potassium, 2,734 ppm boron, and less than 20 ppm magnesium (Mg). Mg/Li ratio cannot be calculated because magnesium values are below the laboratory method detection limit of 20 mg/L.

The Company is waiting for the assay results from SGS Laboratories in Buenos Aires, Argentina which are expected in January.

Alex Stewart International and its worldwide group of Companies extends over 40 countries to provide professional inspection and laboratory analysis to business and government. Alex Stewart International maintains a dedicated, personalized attention to all of its customers and provides technical expertise for inspection, weighing, sampling, analysis, testing and operational auditing of all commodities and products.

Qualified Person
The 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.

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 five brine lithium properties in Argentina, and one hard rock spodumene type lithium property at the Georgia Lake area in northwestern Ontario, Canada.

On behalf of the Board of Directors
Kiki Smith, CFO

For further information, please contact:
Kiki Smith, CFO
T: +1-778-968-1176
F: +1-604-909-4682
E: kiki@ultralithium.com
W: www.ultralithium.com
Or view the Company’s filings at www.sedar.com

Cautionary Statement Regarding “Forward-Looking” Information
Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as “plans”, “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words or phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company’s control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Ultra Lithium To Start Second Round of Exploration Program at Salar Laguna Verde Discovery Zone in Catamarca, Argentina

Vancouver, BC – Ultra Lithium Inc. (TSX-V: ULI) (FSE: QFB) (“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.

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

Project Area Sample WGS84 TDS gr/l SAL Cond Resis. PH Density Li mg/l Mg mg/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

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.”

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 is currently holds two exploration properties at the South Big Smoky Valley brine lithium and the Georgia Lake hard rock spodumene type lithium project.

Qualified Person
The 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, CFO

For further information, please contact:
Kiki Smith, CFO
T: +1-778-968-1176
F: +1-604-909-4682
E: kiki@ultralithium.com
W: www.ultralithium.com
Or view the Company’s filings at www.sedar.com

Cautionary Statement Regarding “Forward-Looking” Information
Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as “plans”, “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words or phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company’s control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Ultra Lithium Announces $1,200,000 Private Placement

Vancouver, BC – Ultra Lithium Inc. (TSX-V: ULI) (FSE: QFB) (“ULI” or “the Company”) is pleased to announce that it intends to complete a non-brokered private placement (the “Private Placement”) of up to 4,800,000 units (the “Units”) of the Company at a price of $0.25 per Unit for aggregate proceeds of up to CDN$1,200,000. Each Unit will be comprised of one common share and one half common share purchase warrant (“Warrant”). Each whole Warrant will entitle the holder to purchase an additional common share of the Company at an exercise price of $0.40 per share for a period of one year from closing of the private placement provided that if the closing price of the common shares of the Company on any stock exchange or quotation system on which the common shares are then listed or quoted is equal to or greater than Cdn $0.55 for a period of ten (10) consecutive trading days, the Company will have the right to accelerate the expiry of the warrants by giving notice to the holders of the warrants that the warrants will expire at 4:30 p.m. (Vancouver time) on a date that is not less than ten (10) business days from the date notice is given.

The proceeds from the Private Placement will be used to fund the exploration of the Company’s Argentine properties and for general working capital purposes.

All securities issued under the private placement will be subject to a four-month hold period from the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada. The private placement is subject to all necessary regulatory approvals including acceptance for filing by the TSX Venture Exchange.

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 is currently holds two exploration properties at the South Big Smoky Valley brine lithium and the Georgia Lake hard rock spodumene type lithium project.

On behalf of the Board of Directors
Kiki Smith, CFO

For further information, please contact:
Kiki Smith, CFO
T: +1-778-968-1176
F: +1-604-909-4682
E: kiki@ultralithium.com
W: www.ultralithium.com
Or view the Company’s filings at www.sedar.com

Cautionary Statement Regarding “Forward-Looking” Information
Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as “plans”, “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words or phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company’s control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Ultra Lithium Receives Assay Results for Second Round of Surface Sampling in Catamarca, Argentina

Vancouver, BC – Ultra Lithium Inc. (TSX-V: ULI) (FSE: QFB) (“ULI” or “the Company”) has received preliminary assay results from the October 2017 exploration work completed on the Laguna Verde, Archibara and Galan properties in the Province of Catamarca, Argentina.

Assay results indicate lithium values in the range of less than 1ppm to 1,100ppm, magnesium values 9.45ppm to 1,900ppm and potassium values are 20.5ppm to 14,100ppm. The Laguna Verde area is marked by low magnesium to lithium ratios, in the range of 0.9 to 9.8. The Company is currently in the process of verifying the field and lab data, and interpreting the significance of these results in the context of the Company’s exploration program. The assay results are presented in the table below.

Exploratory sampling was carried out by collecting surface brines and shallow sub-surface brines down to a depth of one meter. Hand tools, such as hammers, and shovels were used to break the surface salt / sediment layers to access the brines.

The samples were assayed at SGS Laboratories in Buenos Aires, Argentina. SGS is a global chain of independent certified laboratories. The samples were assayed by SGS method ME. 113 based on SM 3120, 23rd Edition. Brine samples were collected in clean plastic bottles which were rinsed with brine before sampling. Field parameters of each sample were recorded which include: depth of water table from surface, total dissolved solids, temperature, conductivity, salinity, pH, and density.

Table 1: October 2017 Sampling Data from Laguna Verde, Archibara and Galan

Project Area Sample ID Location (WGS84) Water Depth (cm) Li  mg/l Mg  mg/l Mg/Li Ratio K mg/l Na mg/l
Galan 5 de Mayo 17CA026 19 J 718770 7095144 130 <1 54 NA 145 648
Galan Laguna del Salitre 17CA027 19 J 709194 7093167 0 <1 47.9 NA 316 1440
Galan Laguna del Salitre 17CA028 19 J 709716 7093263 0 <1 50.8 NA 332 1510
Laguna Verde Laguna Verde II 17CA029 19 J 607380 7198451 0 14.0 87.9 6.28 262 2650
Laguna Verde Laguna Verde II 17CA030 19 J 606573 7198467 120 1100.0 1900 1.73 14100 127000
Laguna Verde Laguna Verde II 17CA031 19 J 606275 7198901 0 514.0 490 0.95 8870 97400
Laguna Verde Laguna Verde II 17CA032 19 J 606202 7199362 0 92.5 542 5.86 1340 23800
Laguna Verde Laguna Verde I 17CA033 19 J 603634 7200748 0 24.8 323 13.02 351 4980
Laguna Verde Laguna Verde I 17CA034 19 J 602873 7197649 0 199.0 234 1.18 2620 44400
Laguna Verde Laguna Verde I 17CA035 19 J 602859 7198645 0 39.4 154 3.91 522 8780
Laguna Verde La Maru 17CA036 19 J 606062 7200840 0 48.9 355 7.26 723 13000
Laguna Verde La Maru 17CA037 19 J 606070 7201410 0 147.0 1180 8.03 2240 34900
Laguna Verde La Maru 17CA038 19 J 604608 7201220 0 57.5 565 9.83 1020 12300
Laguna Verde Griselda 17CA039 19 J 603012 7197999 0 202.0 240 1.19 2680 45600
Archibarca Archibarca I 17CA040 19 J 590376 7209734 145 46.7 1010 21.63 430 19400
Archibarca Archibarca I 17CA041 19 J 590405 7210038 135 44.2 770 17.42 361 16200
Archibarca Archibarca I 17CA042 19 J 590133 7209750 130 72.8 1060 14.56 2090 32100
Archibarca Archibarca II 17CA043 19 J 590068 7205958 0 <1 9.45 NA 20.5 260

Qualified Person
The 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.

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 is currently holds two exploration properties at the South Big Smoky Valley brine lithium and the Georgia Lake hard rock spodumene type lithium project.

On behalf of the Board of Directors
Kiki Smith, CFO

For further information, please contact:
Kiki Smith, CFO
T: +1-778-968-1176
F: +1-604-909-4682
E: kiki@ultralithium.com
W: www.ultralithium.com
Or view the Company’s filings at www.sedar.com

Cautionary Statement Regarding “Forward-Looking” Information
Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as “plans”, “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words or phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company’s control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Ultra Lithium Sampling Results Confirm Historical Lithium Values and Identify New Brine Targets In Catamarca, Argentina

Vancouver, BC – Ultra Lithium Inc. (TSX-V: ULI) (FSE: QFB) (“ULI” or “the Company”) is pleased to announce that it has received assay results from the September 2017 exploration work completed on two of the four brine lithium properties recently acquired by the Company in the Province of Catamarca, Argentina. The exploration work was completed on La Borita and Antefalla properties, and was comprised of drilling short holes in ground down to a depth of up to one meter below surface to take shallow brine samples, and to resample existing deep historical drill holes on La Borita. Highlights of the assay results are presented below and a table showing location and results of each sample is attached with this press release.

La Borita Brine Lithium Property

  • Brine sample from Hole LB002 was 220 milligrams per liter (mg/L) lithium, 1140 mg/L magnesium, 423 mg/L boron and 1790 mg/L potassium.
  • Brine sample from Hole LB004 returned 176 mg/L lithium, 4690 mg/L magnesium, 336 mg/L boron, and 579 mg/L potassium.
  • Brine sample from Hole LBDDH005, a 650-meter-deep well, which was repeatedly sampled in the past returned lithium values 215 mg/L, magnesium 983 mg/L, boron 425 mg/L and potassium 1990 mg/L. These results are in line with the historical assay results reported in the Company’s press release dated June 27, 2017
  • Shallow subsurface brine samples indicate anomalous lithium values in the range of 3.1 mg/L to 45.8 mg/L, magnesium 379 mg/L to 4690 mg/L, boron less than 14 mg/L to 210 mg/L.
  • The results indicate a deeper source of lithium concentration as samples from all deeper holes return significantly higher (3 to 4 times) values than the shallow subsurface samples.
  • The Company is planning to carry out pump tests on deeper holes to determine the brine production capacity of each aquifer intercepted in drill holes. Historical core and drill logs are available for planning pump tests.

Antafalla Brine Lithium Property

  • 12 shallow subsurface brine samples indicate anomalous values of lithium, in the range of 2.55 mg/L to 75.5 mg/L with an average of 31.8 mg/L.
  • Magnesium values are in the range of 36.3 mg/L to 1100 mg/L with average 528.8 mg/L, boron less than 14 mg/L to 27.5 mg/L, potassium less than 15 mg/L to 1,390 mg/L.
  • ULI’s Antafalla property is located adjacent to the north of Albemarle’s Antafalla property which was acquired by Albemarle from Bolland Minera in 2016.
  • According to Roskill’s report of September 16, 2016, Bolland Minera, has to-date drilled 56 boreholes over 265 square km and defined a resource of 83Mt of potash (KCl) grading 6,400mg/l and 2.22Mt of lithium (11.8Mt LCE) grading 350mg/l.
  • A review of historical drill logs of Bolland indicate that lithium grades tend to increase with depth. Ultra Lithium will plan to drill deeper holes after finishing the current exploration work program.

Table 1: September 2017 Sampling at Antafalla and La Borita Projects
View table with results here.

  • Cautionary Note: The above information is taken from the publicly available source: https://roskill.com/news/lithium-albemarle-expands-argentina/ , and the Company has not independently verified the information referenced and should not be relied upon. The information is not necessarily indicative of the mineralization on the ULI’s Antafalla Property, and is provide as background and context material for the reader. This information will be beneficial for the Company for developing next phase of exploration work on the Property.

The samples were assayed at SGS Laboratories in Buenos Aires, Argentina. SGS is a global chain of independent certified laboratories. The samples were assayed by SGS method ME. 113 based on SM 3120, 23rd Edition. Field parameters of each sample were recorded which include: depth of water table from surface, total dissolved solids, temperature, conductivity, salinity, pH, and density.

The Company is also pleased to announce that the field exploration team has mobilized to continue shallow subsurface brine sampling on the remaining two properties in Catamarca Province, Argentina (Laguna del Salitre / Laguna de Aparoma Property and Archibara / Laguna Verde Property).

Dr. Weiguo Lang, CEO of Ultra Lithium, stated that, “We are very satisfied with the exploration work so far and its results which helped not only to confirm the historical data but also provide promising exploration targets for further work. The Company will develop an exploration program after completion of the current phase of shallow brine sampling on all the properties in Catamarca. The next phase of exploration will include pump tests at deeper holes on the La Borita Property and drilling deeper drill holes at few new targets identified on the Antafalla Property.”

Qualified Person
The 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.

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 is currently holds two exploration properties at the South Big Smoky Valley brine lithium and the Georgia Lake hard rock spodumene type lithium project.

On behalf of the Board of Directors
Kiki Smith, CFO

For further information, please contact:
Kiki Smith, CFO
T: +1-778-968-1176
F: +1-604-909-4682
E: kiki@ultralithium.com
W: www.ultralithium.com
Or view the Company’s filings at www.sedar.com

Cautionary Statement Regarding “Forward-Looking” Information
Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as “plans”, “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words or phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company’s control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Ultra Lithium Grants Options

Vancouver, BC – Ultra Lithium Inc. (TSX-V: ULI) (FSE: QFB) (“ULI” or “the Company”) wishes to announce that it has granted 2,150,000 stock options to certain directors, officers and consultants pursuant to the Company’s Stock Option Plan. The options have an exercise price of $0.19 per share and an expiry date of September 8, 2022.

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 is currently holds brine exploration properties in Catamarca, Argentina and Nevada, USA and hard rock spodumene type lithium property in Ontario, Canada.

On behalf of the Board of Directors
Kiki Smith, CFO

For further information, please contact:
Kiki Smith, CFO
T: +1-778-968-1176
F: +1-604-909-4682
E: kiki@ultralithium.com
W: www.ultralithium.com
Or view the Company’s filings at www.sedar.com

Cautionary Statement Regarding “Forward-Looking” Information
Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as “plans”, “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words or phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company’s control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Ultra Lithium Begins Exploration in Argentina, Appoints Project Team and Incorporates Argentine Subsidiary

Vancouver, BC – Ultra Lithium Inc. (TSX-V: ULI) (FSE: QFB) (“ULI” or “the Company”) is pleased to announce that it has started the first phase exploration program at its Argentinian brine lithium properties and appointed the project team for its operations in Argentina. The Company has also incorporated a wholly owned subsidiary, ULTRA ARGENTINA S.R.L.

The first phase of exploration is comprised of drilling short holes down to a depth of 3-5 m below surface to obtain brine samples at suitable locations. Its purpose is to assess the potential of each claim block and prioritize the next phase of exploration work.

The Company is also pleased to announce the appointment of the following personnel to its Argentine project team:

Mr. Juan Orozco – Exploration Manager of Argentine Operations:
Mr. Orozco is an exploration geologist with over 20 years’ experience in mineral exploration and mining in Argentina. Mr. Orozco was Director and Manager for South America of Uranio del Sur S.A, a subsidiary of Uranio A.G. He worked at Rome Resources Ltd.., La Plata Gold Corp., Jinshan Minera S.A, CGS Chinese Geological Service, among other mining companies where he was responsible for generation and management of mining projects, community relations and prospecting.

Mr. Luis Manuel Alvarez – Advisor to Catamarca Operations:
Mr. Alvarez holds a degree in economics, and has held various advisory positions with the provincial government of Catamarca and mining companies. He also worked as professor in the faculty of Economics and Administration in the University of Catamarca, and as Under Secretary of Industry and Commerce with the Government of Catamarca. Mr. Alvarez is the vendor of the brine lithium properties held by the Company and will assist in permitting and community relation.

Dr. Weiguo Lang, CEO of Ultra Lithium, stated that, “The Company is very pleased with the progress of the Argentine operation, especially with the strength of the operational team. It is a major milestone as we move forward with the Company’s exploration program. The completion of the first phase of the exploration program will help optimize further exploration of our large land package in Catamarca Province”.

Qualified Person
The 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.

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 is currently holds brine exploration properties in Catamarca, Argentina and Nevada, USA and hard rock spodumene type lithium property in Ontario, Canada.

On behalf of the Board of Directors
Kiki Smith, CFO

For further information, please contact:
Kiki Smith, CFO
T: +1-778-968-1176
F: +1-604-909-4682
E: kiki@ultralithium.com
W: www.ultralithium.com
Or view the Company’s filings at www.sedar.com

Cautionary Statement Regarding “Forward-Looking” Information
Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as “plans”, “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words or phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company’s control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Ultra Lithium Acquires Three More Lithium Brine Properties in Catamarca, Argentina

Vancouver, BC – Ultra Lithium Inc. (TSX-V: ULI) (FSE: QFB) (“ULI” or “the Company”) is pleased to announce it has entered into a definitive agreement to acquire 100% interest in three Lithium Brine properties (the “Properties”) covering 22,176 hectares, located in the Antofagasta region, Province of Catamarca in Argentina. The three properties are comprised of 11 mining licenses and are in addition to the La Borita claim block acquisition announced on June 27, 2017. These properties are located within the “Lithium Triangle,” a region which holds over 50% of the world’s lithium resource.

Below is a summary of the three properties:

  1. Amelia Property: Comprised of 3 mining licenses Amelia I-III, covering 5,400 hectares located in the northern part of Salar de Antofalla, a lithium, potassium deposit historically explored by Rio Tinto and in the vicinity of Albemarle Corporation’s Salar De Antofalla property.
  2. Laguna del Salitre / Laguna de Aparoma Property: Comprised of two licenses covering 5,400 hectares, located about 80 km to the south of the Salar del Hombre Muerto partly owned by FMC Lithium.
  3. Archibara / Laguna Verde Property: Comprised of six mining licenses Archibara I-III, and Laguna Verde I-III, covering 11,376 hectares located about 80 km to the north of Albemarle’s project.

Under the terms of agreement signed on June 20, 2017 between Luis Manuel Alvarez (the Vendor) and the Company, ULI will pay the following:

  1. 2,486,040 Argentinian Pesos (approximately USD $155,378) to the Mining Secretariat of Catamarca for outstanding canon fees upon signing the agreement.
  2. USD $30,000 after due diligence is completed.
  3. USD $1,980,000 in four equal quarterly payments commencing 270 days from signing the agreement to acquire 100% rights on the Property.

The Vendor will retain a 2.5 % royalty.

Dr. Weiguo Lang, CEO of Ultra Lithium, stated that, “The acquisition of La Borita Property opened up doors for the Company to acquire a sufficiently large area to carry out lithium exploration in a very promising and strategic region within the world known Lithium Triangle. We are very thankful to Mr. Alvarez for having confidence in Ultra Lithium to give this opportunity for acquiring his other lithium licenses. These properties are in the vicinity of a producing mine operated by FMC Corporation, and other deposits owned by Galaxy Lithium and Albemarle, a leading lithium producer in the world. We have developed a work program to complete bench scale testing on La Borita to produce lithium brine concentrate, and to carry out systematic sampling on each mining license. The sampling results will enable us to prioritize further exploration work.”

Qualified Person
The 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.

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 is currently holds two exploration properties at the South Big Smoky Valley brine lithium and the Georgia Lake hard rock spodumene type lithium project.

On behalf of the Board of Directors
Kiki Smith, CFO

For further information, please contact:
Kiki Smith, CFO
T: +1-778-968-1176
F: +1-604-909-4682
E: kiki@ultralithium.com
W: www.ultralithium.com
Or view the Company’s filings at www.sedar.com

Cautionary Statement Regarding “Forward-Looking” Information
Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as “plans”, “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words or phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company’s control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Ultra Lithium Drills 1.42% Lithium Oxide at Georgia Lake in Northern Ontario, Canada

Vancouver, BC – Ultra Lithium Inc. (TSX-V: ULI) (FSE: QFB) (“ULI” or “the Company”) is pleased to announce assay results from 2017 exploration work program at its 100% owned Georgia Lake Lithium Project located in the Thunder Bay Mining District, Northwestern Ontario, Canada. The results of four short drill holes at various spodumene pegmatites on the property indicate values up to 1.42% lithium oxide (Li2O) over 5 metres.

Highlights of the drill hole assay results are (see tables 1 and 2 for details):

  • Drill Hole ULI-17-01 intersects 1.11% Li2O over 4 m from one metre below surface at Niemi Pegmatite
  • Drill Hole ULI-17-02 intersects 1.08% Li2O over 5 m from one metre below surface at Newkirk Pegmatite
  • Drill Hole ULI-17-03 intersects 0.76% Li2O over 1 m from 5 metres below surface at MNW Pegmatite
  • Drill Hole ULI-17-04 intersects 1.42% Li2O over 5 metres from one metres below surface at Lucky Lake Pegmatite
    (Note: All widths reported are drill core widths and have not been converted into true width.)

The drill program was contracted to Pleson Geoscience and was completed during April-May 2017. A Shaw diamond core drill with internal diameter of 41 mm was used to drill the four exploration holes down to a depth of six metres below surface. Core samples were between 30 cm and 1.5 m. The samples were assayed by Actlabs lab in Ancaster, Ontario. Actlabs is an independent lab accredited by ISO 17025. The samples were digested using sodium peroxide fusion and analyzed for the lithium by ICP (Method: FUS-MS-Na2O2). Actlabs has its own quality control and quality assurance program in place.

Dr. Weiguo Lang, CEO of Ultra Lithium, stated that, “We are highly satisfied with the results achieved for the Georgia Lake project and will continue with deeper drilling during our 2017-18 exploration work program. Now, with the acquisition of La Borita brine lithium project in Argentina, the Company has a balanced lithium portfolio comprising both hard rock and brine types of exploration deposit models.”

The 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 VP Exploration with the Company.

About the Georgia Lake Lithium Project:
The Company holds a 100% interest in the Georgia Lake lithium property comprising 16 mineral claims covering approximately 2416 in 151 units, located in the Thunder Bay Mining Division, Ontario, Canada. The project represents a stable and favourable mining jurisdiction, supportive First Nations and excellent infrastructure. It is located near provincial highway 11, 145 km from deep water port in Thunder Bay. The spodumene-bearing pegmatites of this area were first discovered in 1955. Majority of pegmatites are Lithium–cesium-tantalum (LCT) type where spodumene is the main lithium mineral.

A total of eight historically documented lithium pegmatites are located on the property.

Table 1. Drill hole assay results 
Drill Hole Sample ID Depth From (m) Depth To (m) Length of sample (m) Lithium Oxide %
294101 0 1 1.00 0.27
294102 1 2 1.00 1.55
ULI-17-01 294103 2 3 1.00 1.79
294104 3 4 1.00 0.46
294105 4 5 1.00 0.67
294106 5 6 1.00 0.4
Average 0.86
294107 1 2 1.00 0.22
294108 2 3 1.00 1.72
ULI-17-02 294109 3 4 1.00 0.35
294110 4 5 1.00 1.6
294111 5 6 1.00 1.5
Average 1.078
294112 2 3 1.00 0.25
ULI-17-03 294113 3 4 1.00 0.05
294114 4 5 1.00 0.04
294115 5 6 1.00 0.76
Average 0.275
294116 1 2 1.00 1.42
294117 2 3 1.00 1.04
ULI-17-04 294118 3 4 1.00 1.22
294119 4 5 1.00 1.7
294120 5 6 1.00 1.7
Average 1.416
Table 2: Drill Hole Collar Information
 Hole ID Easting  Northing   Azimuth    Dip   length of hole (m)   # of Samples
 ULI-17-01   434438   5461357 n/a 90 8 6
 ULI-17-02 431260 5464049 n/a 90 6 5
 ULI-17-03 426636 5453604 n/a 90 6 4
 ULI-17-04 406622 5464207 n/a 90 6 5
 Summary: 26 20

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 is currently focused on acquiring promising lithium assets in Argentina located in the famous lithium triangle while exploring its Georgia Lake and South Big Smoky Valley Projects.

On behalf of the Board of Directors
Kiki Smith, CFO

 

For further information, please contact:
Kiki Smith, CFO
T: +1-778-968-1176
F: +1-604-909-4682
E: kiki@ultralithium.com
W: www.ultralithium.com
Or view the Company’s filings at www.sedar.com

Cautionary Statement Regarding “Forward-Looking” Information
Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as “plans”, “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words or phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company’s control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.