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File: ULI_2015-09-30_News_final.docx

ULTRA LITHIUM INC.
Vancouver, British Columbia Canada 


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

ULTRA LITHIUM ANNOUNCES PRIVATE PLACEMENT

September  30, 2015 TSX-V: ULI
For Immediate Release

Ultra Lithium Inc. ("Ultra Lithium" or the "Company") (TSX-V: ULI) is pleased to announce that it intends to complete 
--->a non-brokered private placement (the "Private Placement") of up to 9,000,000 units (the "Units") of the Company at a 
--->price of $0.05 per Unit for aggregate proceeds of up to CDN$450,000. Each Unit will be comprised of one common share a
--->nd one common share purchase warrant ("Warrant"). Each Warrant will entitle the holder to purchase an additional commo
--->n share of the Company at an exercise price of $0.10 per share for a period of one year from closing of the private pl
--->acement.

The proceeds from the Private Placement will be used to fund the exploration of the Company's South Big Smoke Valley p
--->roperty 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 un
--->der applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securiti
--->es laws of jurisdictions outside Canada. The private placement is subject to all necessary regulatory approvals includ
--->ing acceptance for filing by the TSX Venture Exchange.


ON BEHALF OF THE BOARD OF DIRECTORS 

"Kiki Smith"

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 ass
--->ets. The Company is currently focused on North American acquisitions and exploring its Big Smoky Valley Project locate
--->d in Nevada, USA.

FOR FURTHER INFORMATION CONTACT:

For further information, please contact the Company at:
Telephone: 778 968-1176
Facsimile: 604 909-4682
Email:kiki@ultralithium.com
Website: www.ultralithium.com
or view the Company's filings at www.SEDAR.com. 


Cautionary Statement Regarding "Forward-Looking" Information
Some of the statements contained in this press release are forward-looking statements and information within the meani
--->ng of applicable securities laws.  Forward-looking statements and information can be identified by the use of words su
--->ch as "plans", "expects", "intends", "is expected", "potential", "suggests" or variations of such words or phrases, or
---> statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occ
--->ur or be achieved.  Forward-looking statements and information are not historical facts and are subject to a number of
---> risks and uncertainties beyond the Company's control.  Actual results and developments are likely to differ, and may 
--->differ materially, from those expressed or implied by the forward-looking statements contained in this news release.  
--->Accordingly, readers should not place undue reliance on forward-looking statements.  The Company undertakes no obligat
--->ion to update publicly or otherwise revise any forward-looking statements, except as may be required by law. 
Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Ven
--->ture Exchange) accepts responsibility for the adequacy or accuracy of this release.