Ultra Lithium Appoints New Technical Advisor

VANCOUVER, BRITISH COLUMBIA, Oct 30 (MARKET WIRE) --
Ultra Lithium Inc. (TSX VENTURE:ULI) ("the Company" or "Ultra") is
pleased to announce the appointment of Dr. David I. Groves to the
Company's Advisory Board effective immediately.

Dr. David I. Groves, BSc Honours (1st class), PhD.

Dr. Groves received a BSc Honours (1st class) and PhD from the University
of Tasmania. He joined the University of Western Australia (UWA) as
Professor of Economic Geology and became Founder and Director of the Key
Centre for Strategic Mineral Deposits (later the Centre for Global
Metallogeny). Dr. Groves has a distinguished career as a geologist and
educator and has been honored as a Fellow of Australian Academy of
Science. Throughout his career, he has supervised over 250 graduates for
BSc Honours, MSc or PhD degrees and authored or co-authored around 500
publications in economic geology.

He was President of the Geological Society of Australia, the Society of
Economic Geologists (SEG) and the European Society of Economic Geologists
(SGA) and has been awarded 11 medals for his research, including the SEG
Penrose Gold Medal, the SGA-Newmont Gold Medal and the Geological
Association of Canada Medal. Before retirement from UWA as Emeritus
Professor, he organized the foundation of the now successful Centre for
Exploration Targeting at UWA. Since retirement, he has been awarded an
honorary DSc from UWA and consulted to the exploration industry and
investment groups on all continents, mainly for Canadian companies in
Africa and Brazil.

Marc Morin, Ultra Lithium's President & Chief Executive Officer, said:

"We are extremely pleased to have someone of Dr. Groves' caliber joining
our advisory board. He will be an invaluable resource as we move forward
in developing our highly prospective Serbian assets."

About Ultra Lithium Inc.

Ultra Lithium Inc. is a junior explorer listed on the TSX Venture
Exchange under the symbol ULI. The Company is committed to the aggressive
pursuit of properties with high returns-on-investment and maximizing the
value of assets through a disciplined process of assessment and
responsible acquisitions. Currently, the Company holds exploration
licenses in Ontario, Canada, Nevada, USA and Serbia. The Company is
focused in Serbia where, along with its partner Beijing Explo-Tech
Engineering Co. (BETEC), an exploration program is now underway. This
program includes field reconnaissance, mapping, geochemical sampling and
geophysical surveys (gravity and audio magneto-tellurics), for the
purpose of determining drill targets.

Property Highlights:

-- 643 km2 of lithium/boron mineral exploration licenses in the Republic of
Serbia
-- All seven exploration concessions are within well-defined sedimentary
basins
-- Proximity to Rio Tinto's Jadar deposit with an inferred resource of
125.3Mt grading 1.8% Li2O and 13% B2O3(1)
-- Proximity to infrastructure (rail/road/sea), (electricity), and (labour
force)
-- Ultra has 100% ownership of its exploration licenses
-- Rio Tinto is completing a $27 million pre-feasibility study & projecting
production for 2016(1)
-- Rio Tinto's Jadar deposit could produce up to 20% of the current
worldwide annual lithium demand(1)
-- Off the shelf technology can process Jadarite ore(2)

Sources:
(1) Serbian Lithium Under Focus, Critical Materials for Green Energy,
September 2011
(2) Jadar Project, IM Lithium Conference, Santiago, 28th January 2009

About Beijing Explo-Tech Engineering Co. Ltd.

BETEC is a high-tech geological exploration enterprise which provides
geological exploration services, research, software development and
technology support for the mining industry. Areas of expertise include
geological, geophysical, geochemical and remote sensing. BETEC has 110
official employees.

On behalf of the board of directors of ULTRA LITHIUM INC.

Marc Morin, President & CEO

Statements in this press release regarding the Company which are not
historical facts are "forward-looking statements" that involve risks and
uncertainties. Such information can generally be identified by the use of
forwarding-looking wording such as "may", "expect", "estimate",
"anticipate", "intend", "believe" and "continue" or the negative thereof
or similar variations. Since forward-looking statements address future
events and conditions, by their very nature, they involve inherent risks
and uncertainties such as the risk that the closing may not occur for any
reason. Actual results in each case could differ materially from those
currently anticipated in such statements due to factors such as: (i) the
inability of the parties to consummate the definitive letter agreement;
(ii) fluctuation of mineral prices; (iii) a change in market conditions;
(iv) the inability to produce the technical report for any reason
whatsoever; and (v) the refusal of the Exchange to accept the proposed
transaction for any reason whatsoever. Except as required by law, the
Company does not intend to update any changes to such statements.

We seek Safe Harbor.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

Contacts:
Ultra Lithium Inc.
Marc Morin
President & CEO
(604) 669-9788
(604) 669-9768 (FAX)

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