Ultra Lithium Inc.
TSX VENTURE : ULI
FRANKFURT : QFB

Ultra Lithium Inc.

June 17, 2016 08:30 ET

Ultra Lithium Starts Phase 1 Exploration at the Georgia Lake Lithium Project in Northwestern Ontario, Canada

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 17, 2016) -

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

Ultra Lithium Inc. (TSX VENTURE:ULI)(FRANKFURT:QFB) ("Ultra Lithium" or "the Company") is pleased to announce that it has started Phase 1 exploration work at its 100% owned Georgia Lake Lithium Project located in the Thunder Bay Mining District, Northwestern Ontario, Canada.

The exploration work will target eight, lithium bearing spodumene pegmatite occurrences described from the property in historical geological and exploration reports.

The Phase 1 exploration program will focus on the following tasks:

  • Prospecting and grab sampling of historical drilling and sampling areas on eight lithium pegmatites on the Property;
  • Stripping and systematic channel sampling of lithium pegmatites at suitable intervals;
  • Laboratory testing of samples for lithium, cesium, tantalum, beryllium and other rare metals; and,
  • Identify areas for initial drill testing as part of a second phase of exploration.

The field crew has been mobilized to start prospecting, mapping, and grab sampling work. The Company has also initiated permitting for ground stripping, trenching, and diamond drilling.

Dr. Weiguo Lang, CEO of Ultra Lithium, stated that, "While ULI's first priority remains ongoing exploration at the South Big Smoky Valley brine lithium project, the Company's management considers the assessment of the potential of Georgia Lake lithium property important to the Company's growth strategy. Lithium occurrences known in the Georgia Lake property were explored during the mid-1950's, a period marked by a boom in the lithium industry in North America. The Company is in the process of acquiring more powerful drilling equipment for the South Big Smoky Valley project to complete the first two drill holes. The management is focused on adding shareholder value in the current strong lithium market through systematic exploration of both hard rock and brine lithium projects."

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 a consultant with the Company.

ON BEHALF OF THE BOARD OF DIRECTORS,

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 focused on North American acquisitions and exploring its Big Smoky Valley Project located in Nevada, USA.

For further information, visit www.ultralithium.com or view the Company's filings at www.SEDAR.com.

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