Mr. Weiguo Lang reports

ULTRA LITHIUM INC. APPOINTS DIRECTORS

Ultra Brands Ltd. has appointed Kiki Smith and Graham Adria to the company's board of directors.

Mr. Adria was appointed to the board of directors on Nov. 15, 2023. Mr. Adria has extensive experience as a corporate lawyer and currently works for an international law firm in Beijing. He is experienced in cross-border transactions in the resources sector, particularly in small-cap and mid-cap mining transactions into Africa and Asia. Mr. Adria received his bachelor of arts (honours) in political science from the University of Alberta and his juris doctor from Osgoode Hall. Mr. Adria is called to the bar in Ontario.

Ms. Smith was elected to the company's board of directors at the annual general meeting of shareholders on May 24, 2023. Ms. Smith holds a CPA designation and has over 20 years of experience in the mining, technology and food services sectors. Ms. Smith currently serves as a director and chief financial officer of various issuers.

Weiguo Lang, chief executive officer, stated: "Kiki Smith has served as the company's CFO since 2015 and we are pleased to have her take on this additional role. We also welcome Graham Adria, whose international experience will be a valuable asset to the company."

Shaoguo Cao did not stand for re-election at the company's annual general meeting. The company would like to thank Mr. Cao for his contribution and wishes him well in his future endeavours. The company's officers and directors are:

• Weiguo Lang -- chief executive officer and chairman;
• Kiki Smith -- chief financial officer, corporate secretary, director and audit committee member;
• Andrew Lee Smith -- independent director and audit committee member;
• Graham Adria -- independent director and audit committee member.

About Ultra Lithium Inc.

Ultra Lithium is an exploration and development company with a focus on the acquisition and development of lithium, gold and copper assets. The company holds a brine lithium property in Argentina, hard-rock spodumene-type lithium properties at the Georgia Lake/Forgan Lake area in Northwestern Ontario, Canada, and a brine lithium property in the Big Smoky Valley in Nevada, United States. The company also holds other gold and base metal properties in Argentina.

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