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File: NR20120802_BGMI.pdf

              BEIJING GUOFANG MINING INVESTMENT CO., LTD.
                                 Suite 304, B3 Building, 45 West Wudaokou
                                        Haidian District, Beijing, China

           Beijing Guofang Mining Investment Co., Ltd. Acquires Shares of Ultra Lithium Inc.

August 2nd, 2012


Beijing, China August 2nd, 2012�Beijing Guofang Mining Investment Co., Ltd. ("BGMI") has acquired, by
private placement, 10,000,000 units of Ultra Lithium Inc., (TSX-V: ULI) ("Ultra") at a price of $0.05 per
unit for gross proceeds of $500,000.00. Each unit consists of one common share of Ultra and one
common share purchase warrant ("Warrant"), with each warrant entitling BGMI to acquire one
additional common share of Ultra at $0.10 per share at any time until July 9, 2014. The securities issued
under the private placement are subject to a four month hold period expiring November 10, 2012.

As a result of this acquisition BGMI immediately now holds 10,000,000 common shares representing
approximately 9.56% of the total outstanding shares of Ultra and 45.98% of the total outstanding
warrants.

BGMI acquired and holds these units as the first part of a two part investment as described in the press
release of Ultra dated July 12, 2012 If BGMI completes the second part of the investment it will result
in BGMI owning and controlling shares of Ultra representing approximately 10.47% of the total
outstanding shares of Ultra.

The exemption relied upon by BGMI for the acquisition of the 10,000,000 units of Ultra was Section 2.10
of National Instrument 45-106 (minimum amount investment exemption) based on an acquisition cost
to BGMI as principal in cash on closing of not less than CDN$150,000.

For more information, please contact Mr. Weiguo Lang at +86 10-58696020.