ULI Ultra Lithium Inc

Ultra Lithium Inc. (TSX VENTURE:ULI) ("Ultra" or "the Company") is pleased to
announce that it has signed a non-binding Letter of Intent ('LOI") with CCG
Mining (Canada) Inc. ("CCG") with respect to a joint venture to explore and
develop ULI's South Big Smoky Valley claims located in Nevada, USA (the
"Property"). CCG Mining Inc. is a subsidiary of CCG Group which is a state owned
entity responsible for prospecting and exploring mineral deposits in China as
well as around the world. It was established in 1972 and is headquartered in
Jinan, the Capital City of Shandong province, China. CCG Group has over a
thousand geologists and supporting staff.


Under the terms of the LOI, CCG undertakes and commits to fund up to $2,000,000
of qualifying exploration expenditures in the Property to acquire up to a 35%
equity interest in the joint venture over a period of three years. CCG will earn
a 10% equity interest for a $500,000 investment in the first year, an additional
10% equity interest for a $500,000 investment in the second year and an
additional 15% equity interest for a $1,000,000 investment in the third year.
Upon CCG's full exercise of its option, the joint venture will be owned 65% by
ULI and 35% by CCG. 


CCG will have the right of first refusal to further fund and increase its
ownership in the joint venture in addition to its 35% share should ULI grant a
further option of its interest in the Property. 


ULI's CEO, Marc Morin comments, "We are delighted to work with our new partners
CCG to explore and develop the South Big Smoky Valley property." 


The Property consists of 664 placer claims (13,280 acres) strategically located
in the South Big Smoky Valley, Esmeralda County, Nevada. South Big Smoky Valley
shares a similar geology and weathering history to Clayton Valley, located 16
miles to the south. The north end of Clayton Valley hosts Chemetall Foote
Corporation's Silver Peak Mine, the only lithium brine producer in the United
States. Mine production comes from lithium enriched brines located below the
surface. This plant has been in production since 1967. 


Completion of the transaction contemplated herein is subject to certain
conditions including but not limited to the signing of a definitive agreement on
or before March 16, 2014 and the receipt of all necessary regulatory and third
party approvals.


The technical information in this news release has been prepared in accordance
with the Canadian regulatory requirements set out in National Instrument 43-101
and reviewed on behalf of the Company by Mr. Shahab Tavakoli, M.Sc., a technical
consultant to the Company and a qualified person.


ON BEHALF OF THE BOARD OF DIRECTORS,

Ultra Lithium Inc.

Marc Morin, CEO and Director

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 news release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Ultra Lithium Inc.
(604) 669-9788
(604) 699-9768 (FAX)
mmorin@ultralithium.com
www.ultralithium.com

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