Ultra Lithium Arranges a Financing

Marketwire

Ultra Lithium Inc.

January 24, 2013 - 04:05:02 PM

Ultra Lithium Arranges a Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 21, 2013) - Ultra Lithium Inc.
(TSX VENTURE:ULI)(FRANKFURT:QFB) ("the Company") is pleased to announce that
it has arranged for a non-brokered private placement of units (the "Units") of
securities of the Company at a price of $0.05 per Unit for gross proceeds of
up to $4,500,000. Each Unit will consist of one common share of the Company
and one common share purchase warrant ("Warrant"). Each Warrant will entitle
the holder to purchase an additional common share of the Company at an
exercise price of $0.10 per share for a period of two years from closing of
the private placement.

Finders' fees may be payable in connection with this private placement in
accordance with the policies of the TSX Venture Exchange ("Exchange").

The proceeds from the private placement will be used primarily to fund the
exploration and development of the Company's Balkans Project in the Republic
of Serbia and for general working capital purposes.

All securities issued under the private placement will be subject to a four
month hold period from the closing date under applicable Canadian securities
laws, in addition to such other restrictions as may apply under applicable
securities laws of jurisdictions outside Canada. The private placement is
subject to all necessary regulatory approvals including acceptance for filing
by the Exchange.

On behalf of the Board of Directors,

ULTRA LITHIUM INC.

Marc Morin, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:
Ultra Lithium Inc.
Marc Morin
President & CEO
(604) 669-5778
(604) 669-9768 (FAX)

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.