Ms. Kiki Smith reports

ULTRA LITHIUM COMPLETES SHARE CONSOLIDATION

The TSX Venture Exchange has approved a consolidation of Ultra Lithium Inc.'s common shares on a 1:10 basis. The consolidation will take effect at the opening on Friday, Sept. 18, 2015.

On April 23, 2015, the board of directors voted to consolidate the share capital of the company on the basis of one new share for 10 common shares. The company currently has 232,622,505 common shares outstanding and will have 23,262,251 common shares outstanding after consolidation. The board of directors anticipates the consolidation will further assist the company to obtain additional financing.

The company's name and stock trading symbol, ULI, have remained the same.

No fractional shares will be issued as a result of the consolidation. Shareholders who would otherwise be entitled to receive a fraction of a common share will be rounded down to the nearest whole number of common shares and no cash consideration will be paid in respect of fractional shares. In addition, the exercise price and number of common shares of Ultra Lithium issuable upon the exercise of outstanding stock options and warrants will be proportionately adjusted to reflect the consolidation.

A letter of transmittal will be mailed to registered holders to be used to exchange their current share certificates for certificates representing the consolidated number of common shares in connection with the consolidation.

We seek Safe Harbor.