Ultra Lithium Announces New Director
Vancouver, BC – Ultra Lithium Inc. (TSX-V: ULI) (FSE: QFB) (“ULI” or “the Company”) is pleased to announce that at the Company’s annual general and special meeting, Mr. Jinshui Zhao has been elected to the Board of Directors of the Company.
Mr. Zhao is the Executive Vice President and Director of the Department of Overseas Projects for Beijing Exploration Technology and Engineering Co., Ltd. (“BETEC”) since October 2004. Prior to joining BETEC, he had 20 years of technical experience with Anhui Prospecting Technology Institute, formerly known as the First Comprehensive Geophysical Prospecting Group of the Ministry of Geology and Mineral Resources.
Marc Morin, CEO and Director, said, “Mr. Zhao has extensive technical qualifications and significant industry experience. He will be a valuable addition to our Board.”
The Company granted 250,000 stock options to Mr. Zhao pursuant to the terms of the Company’s stock option plan. The options are exercisable at a price of $0.10 per share for a period of 5 years from the date of grant and will vest over 18 months.
The Company wishes to thank and acknowledge Edward Kelly for his services as a former director.
On behalf of the Board of Directors
Marc Morin, President & CEO
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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.
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