Ultra Lithium Starts Drilling at the Georgia Lake Lithium Property

VANCOUVER, British Columbia, July 05, 2022 (GLOBE NEWSWIRE) -- Ultra Lithium Inc. (TSX-V: ULT, OTCQB: ULTXF, Frankfurt: QFB) (“Ultra Lithium” or “the Company”) announces that the Company as operator has signed a drilling contract with Niigaani Drilling Incorporated to carry out 2,095 metres of diamond drilling at the Georgia Lake Lithium Property. The Company owns a 40% interest in North Canada Lithium Corp. (“NCLC”) which holds the Georgia Lake and Forgan Lake lithium properties.  In May 2022 the Company sold a 60% interest in NCLC to Yahua International Investment and Development Co., Ltd. (“Yahua”) and formed a joint venture with Yahua holding a 60% interest and Ultra Lithium holding a 40% interest in NCLC. (See news release dated May 10, 2022).

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