Ultra Lithium Assays Up to 417 ppm Lithium in Drill Hole at the Laguna Verde Brine Lithium Project in Argentina

VANCOUVER, British Columbia, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Ultra Lithium Inc. (TSX-V:ULT, OTCQB: ULTXF and Frankfurt: QFB) (“Ultra Lithium” or “the Company”) is pleased to announce the brine sampling results from a drill hole at its 100% owned Laguna Verde brine lithium project in Catamarca Province, Argentina. Drill hole LV22-04 assayed up to 417 parts per million (“ppm” or “mg/L”) lithium (Li) from two rounds of sampling completed in January – February 2023. Earlier, the geophysical study of the first well LV22-01 indicated the presence of a continuous single brine aquifer comprising of mainly clastic sediments from 14 meters to 205 meters depth with a marked hydrothermal presence towards the deeper section. The Laguna Verde project is the flagship project of the Company and one of the Company’s 100% owned brine lithium projects in Argentina.

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