Profile: Ultra Lithium Inc (ULI.V)

Ultra Lithium Inc. (Ultra) is an exploration stage company engaged in the acquisition, exploration and development of resource properties. As of October 31, 2011, Ultra had interests in Mineral Concessions, Serbia; Zigzag Property, Ontario (Zigzag Property); South Big Smokey Valley, Nevada, and Berland Property, Alberta. The South Big Smokey Valley is located in Esmeralda County, Nevada and consists of 364 placer claims (7,280 acres). During the fiscal year ended October 31, 2011 (fiscal 2011), it was granted six exploration licenses (ELs) in the Republic of Serbia through its wholly owned subsidiary Ultra Balkans doo. for the Trnava, Kragujevac, Valjevo East, Koceljeva, Ladevci and Preljina mineral prospects. The EL applications cover an area of approximately 544 square kilometers in total. Subsequent to fiscal 2011, it was granted one additional exploration license for the Blac mineral prospect, and the exploration license covers an area of approximately 99 square kilometers.