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.
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