Ultra Lithium begins with geophysical work in concession areas in the Balkans (Serbia)

Ultra Lithium begins with geophysical work in concession areas in the Balkans (Serbia)

Vancouver (British Columbia), 23. July 2012. Ultra Lithium Inc. (TSX-V: ULI) ("Ultra" or the "Company") is pleased to announce, that his staff with a comprehensive geophysical investigation audiomagnetotellurischen ("AMT") at 643 Has begun square kilometer land package of the company in the Republic of Serbia. The data will be used, to interpret the geometry of the basin and potential lithium- to identify and boron-containing horizons.

Ultras seven mineral exploration licenses are located in well-defined sedimentary basin in the south of Serbia.

The geophysical surveys are part of a Phase 1 exploration program for the description of drill targets, by geophysical investigations, geological mapping and soil sampling be conducted. The geophysical investigations and interpretations of Beijing Explo-Tech Engineering Co. ("BETEC") from Beijing (China) carried out. The study will begin in previously mapped alteration zones and extended to the rest of the concession areas. Over the next three months total 19 Lines with AMT measurements with a length of about 200 Kilometers and 800 AMT measurement points performed. To complement the results of the investigation AMT, The company plans, simultaneously perform other gravity measurements. Once the preliminary results were recorded and evaluated, Further geophysical surveys are planned.

"We look forward to the rapid description of lithium- and Borzielen and the evaluation of our highly prospective concession areas in Serbia. We assume, that our geophysical program will provide a wealth of exciting new drill targets ", said Marc Morin, President und CEO von Ultra.

The technical information in this press release are in accordance with Canadian regulatory requirements of NI 43-101 created by geophysicists and Shahab Tavakoli, P.Geo., M.Sc., a "qualified person" under NI 43-101, approved on behalf of the company.

For more technical information about ultras concession areas in the Balkans can be found here: http://ultralithium.com/properties/balkans/

Highlights of the concession areas in the Balkans:

• Lithium-/Bor-Mineralexplorationslizenzen in Serbia with a size of 643 Square kilometers

• All seven exploration licenses are located in well-defined sedimentary basins.

• Proximity to infrastructure (Rail / road / sea), Electricity and labor

• Ultra is 100% owner of its exploration licenses.

• Rio Tinto takes a preliminary feasibility study in the value of 27 Million $ and predicted by the production of 2016.1

• Rio Tinto's Jadar deposit could be up to 20 % of annual global meet Lithiumbedarfs1.

• This could Jadariterz processed with the latest technology werden.2

For further information please contact President and CEO Marc Morin at 604-669-9788.

ULTRA LITHIUM INC.

On behalf of the Board,

„Marc Morin“

Marc Morin, President & CEO

The information contained in this press release regarding the Company, are not based on historical facts, are "forward-looking statements", that involve various risks and uncertainties. Such information is generally identified by the use of forward-looking terminology such as "may", "Expected", "Estimates", "Forecasts", "Intends", "Believes" and "continue" or. to recognize the negative thereof or similar names. Due to their nature, forward-looking statements address future events and conditions and therefore involve risks and uncertainties. Thus, there u.a. the risk, that occurs for any reason, no conclusion. Actual results may in some cases materially from those anticipated in such statements as a result. Among the factors u.a. (i) that the parties concerned, the definitive agreement not be finalized, (ii) Fluctuations in commodity prices, (iii) Changes in market conditions, (iv) that the technical report for any reason can not be created, and (in) that the Securities and Exchange Commission the proposed transaction for any reason not approved. The Company does not intend, such statements in the event of changes to update, unless, This is required by applicable laws.

The TSX Venture Exchange nor its Regulation Services Provider (described in the policies of the TSX Venture Exchange Regulation Services Provider) assume no responsibility for the adequacy or accuracy of this release.

We comply with the safe harbor provisions.

Swell:

1 Serbian Lithium Under Focus, Critical Materials for Green Energy, September 2011
2 Jadar Project, IM Lithium Conference, Santiago, 28. January 2009

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