Mr. Marc Morin reports

ULTRA LITHIUM COMMENCES GEOPHYSICS ON BALKAN PROPERTIES, SERBIA

Geophysical crews have commenced a comprehensive audio-magnetotelluric survey (AMT) on Ultra Lithium Inc.'s 643-square-kilometre land package in the Republic of Serbia. Data will be used to interpret basin geometry and identify potential lithium- and boron-bearing horizons.

Ultra's seven mineral exploration licences are situated within well-defined sedimentary basins throughout Southern Serbia.

The geophysical surveys are part of a phase I exploration program designed to delineate drill targets by carrying out geophysical surveys, geological mapping and soil sampling. Geophysical surveys and interpretations are being carried out by Beijing Explo-Tech Engineering Co. of Beijing, China. The survey will commence over previously mapped alteration zones and be expanded to cover the remainder of the properties. A total of 19 lines of AMT measurements totalling over 200 kilometres in length, with 800 AMT measuring points, will be completed within the next three months. To complement the AMT survey results, the company plans to acquire additional gravity measurements at the same time. Further geophysical surveys will then be planned once preliminary results have been compiled and assessed. "We look forward to rapidly delineating lithium and boron targets, and fast-tracking evaluation of our highly prospective properties in Serbia. We are anticipating that our geophysics program will provide a significant number of compelling new drill targets," said Marc Morin, Ultra's president and chief executive officer.

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in NI 43-101 and reviewed on behalf of the company by Shahab Tavakoli, PGeo, geophysicist, MSc, a qualified person under NI 43-101.

We seek Safe Harbor.