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

Ultra Lithium Inc. (TSXV:ULI) (“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.

Qualified PersonThe 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” 

Kiki Smith, CFO  

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.

For further information, please contact the Company at: Attention: Kiki SmithTelephone: 778 968-1176 Facsimile: 604 909-4682 Email: [e-mail] Website: www.ultralithium.com or view the Company’s filings at www.SEDAR.com.  

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