Ms. Kiki Smith reports

ULTRA LITHIUM ANNOUNCES PRIVATE PLACEMENT

Ultra Lithium Inc. intends to complete a non-brokered private placement of up to nine million units of the company at a price of five cents per unit for aggregate proceeds of up to $450,000. Each unit will be composed of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase an additional common share of the company at an exercise price of 10 cents per share for a period of one year from closing of the private placement.

The proceeds from the private placement will be used to finance the exploration of the company's South Big Smoke Valley property and for general working capital purposes.

All securities issued under the private placement will be subject to a four-month hold period from the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada. The private placement is subject to all necessary regulatory approvals, including acceptance for filing by the TSX Venture Exchange.

We seek Safe Harbor.