Ultra Lithium Inc (ULT)

[Diogenes of Sinope]

ULTRA LITHIUM COMPLETES NINE HOLE DRILLING CAMPAIGN AT ITS BALKAN LITHIUM & BORON PROJECTS IN SERBIA.


Vancouver, B.C., March 3, 2014 - Ultra Lithium Inc. (TSX-V: ULI; FSE: QFB), (the "Company" or "Ultra Lithium") is pleased to announce that it has completed nine (9) holes, totaling 5390.70 meters of diamond drilling on the Company's Valjevo East and Blace exploration claims.

The current drilling program tested several targets that were identified by previous Audio Magneto-Telluric (AMT) and gravity geophysical surveys.

Core samples have been dispatched to SGS in Bor, Serbia for multi-element assays including Lithium and Boron. The Company expects to receive all lab analysis by the end of March, 2014.

To date, 1124 AMT survey points along with 1365 gravity point measurements have been collected which have identified several targets within the company's 7 exploration properties with a total area of 676.54 Sq. km.

Upon receipt of assay results, the Company will analyze and review all the data and plan this year's exploration program.

The drilling program was supervised by Igor Sikic, P.Geo., a non-independent Qualified Person as defined by National Instrument 43-101. Mr. Sikic has reviewed and approved the contents of this press release.

On behalf of the Board of Directors,
ULTRA LITHIUM INC.

Per: "Marc Morin"

Marc Morin
CEO and Director