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

ProjectAreaSample IDLocation (WGS84)Water Depth (cm)Li  mg/lMg  mg/lMg/Li RatioK mg/lNa mg/l
Galan5 de Mayo17CA02619 J 718770 7095144130<154NA145648
GalanLaguna del Salitre17CA02719 J 709194 70931670<147.9NA3161440
GalanLaguna del Salitre17CA02819 J 709716 70932630<150.8NA3321510
Laguna VerdeLaguna Verde II17CA02919 J 607380 7198451014.087.96.282622650
Laguna VerdeLaguna Verde II17CA03019 J 606573 71984671201100.019001.7314100127000
Laguna VerdeLaguna Verde II17CA03119 J 606275 71989010514.04900.95887097400
Laguna VerdeLaguna Verde II17CA03219 J 606202 7199362092.55425.86134023800
Laguna VerdeLaguna Verde I17CA03319 J 603634 7200748024.832313.023514980
Laguna VerdeLaguna Verde I17CA03419 J 602873 71976490199.02341.18262044400
Laguna VerdeLaguna Verde I17CA03519 J 602859 7198645039.41543.915228780
Laguna VerdeLa Maru17CA03619 J 606062 7200840048.93557.2672313000
Laguna VerdeLa Maru17CA03719 J 606070 72014100147.011808.03224034900
Laguna VerdeLa Maru17CA03819 J 604608 7201220057.55659.83102012300
Laguna VerdeGriselda17CA03919 J 603012 71979990202.02401.19268045600
ArchibarcaArchibarca I17CA04019 J 590376 720973414546.7101021.6343019400
ArchibarcaArchibarca I17CA04119 J 590405 721003813544.277017.4236116200
ArchibarcaArchibarca I17CA04219 J 590133 720975013072.8106014.56209032100
ArchibarcaArchibarca II17CA04319 J 590068 72059580<19.45NA20.5260

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

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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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