Acquisition Of Three Gold Exploration Licenses in Argentina

VANCOUVER, BC - Ultra Lithium Inc. has acquired three gold exploration licenses in the Chepes Area located in La Rioja Province, Argentina. The exploration Licenses: ULTRA I, ULTRA II and ULTRA III covering 27,900 hectares land were acquired by direct staking through Ultra Argentina SRL, a wholly owned subsidiary of Ultra Lithium Inc. The property surrounds a number of historical producing gold mines and is considered a favorable area for the successful discovery of gold.

“While continuing exploration and development of our lithium projects in Canada and Argentina, the Company has developed a well-planned diversification strategy for gold projects. The acquisition of three new gold exploration licenses is our first step in this direction,” said Weiguo Lang, CEO of Ultra Lithium. “The Company’s strong presence in Argentina has enabled us to acquire this large gold exploration property covering 27,900 hectares and continue to expand our gold assets through acquisitions.”