Ultra Lithium Announces Appointment of Technical Adviser And Sale of Ontario Property Interest
Vancouver, BC – Ultra Lithium Inc. (TSX-V: ULI) (FSE: QFB) (“ULI” or “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
Marc Morin, President & CEO
For further information, please contact:
T: +1-778-968-1176
F: +1-604-909-4682
E: info@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.
