2. Disclaimer
This presentation contains forward looking statements including but not limited
to comments regarding predictions and projections. Forward looking statements
address future events and conditions and therefore involve inherit risks and
uncertainties. Although Ultra Lithium Inc. believes that such expectations are
reasonable, there can be no assurance that such expectations will prove to be
correct, and therefore actual results may differ materially from those currently
anticipated in such statements. You are cautioned not to place undue reliance on
any such forward looking statements, whether made in this presentation or in
any question and answer period related to this presentation.
1

3. Leadership
Mr. Marc Morin - President and CEO
• Assisted in raising over $200 million of venture capital over a period of 5 years in the
mining, energy, biotech and technology sectors.
• Facilitated various public and private companies raise capital through various institutions
in Europe and North America.
• Extensive network of investment banking contacts and experience that is instrumental in
the management and development of junior companies.
• 8 years of public company experience.
Mr. Nenad Lončarević – Senior Project Geoscientist
• Nenad has 15 years of geological experience in mineral exploration and development.
• Played key roles in strategic reviews, project evaluation, development.
• Experience with a wide range of commodities
• Nenad holds a MSc in Economic Geology from the Faculty of Mining and Geology (Belgrade;
Yugoslavia)
Mr. Keith Evans - Technical Advisor, M.A., Honours in Geology from Wales.
• Resident expert on the International Lithium Alliance board, 35 years experience, leading
figure on global lithium reserve study.
• Former advisor for Lithium Corp of America, Amax and SQM (world’s largest lithium
chemicals producer.)
2

4. Leadership
Mr. Gordon Addie – Consulting Geologist, BSc
• Mr. Addie is currently President of ProspectOre Capital Corp. Previously he was Founder and
Vice-President of exploration for Adriana Resources Inc., and Vice-President of Hawthorne
Gold Corp. Mr. Addie holds a B.Sc in Geology (1986) from the University of British Columbia
and has over 20 years of exploration and mine geology experience.
Mr. Phu Van Bui - Director, BSc from University of British Columbia, P.Geo.
• Experience includes; early grassroots campaigns to brownfields exploration programs, resource
delineation and test mining programs at the polymetallic Wolverine mine, Yukon, and Watershed
scheelite-skarn deposit, Queensland.
• Participated in deep coring programs for BHP Billiton at the Mount Keith mine, Western Australia.
• Joined Hunter Dickinson Inc. in July, 2010, focusing on base and precious-metal exploration
projects in Canada and abroad.
Mr. Roop Mundi - Director
• Mr. Mundi serves as vice-president, business development, for Kingsdale Shareholder Services
Inc., Canada’s leading shareholder services firm.
• Mr. Mundi’s practice had an emphasis on public and private offerings, mergers and acquisitions
• Mr. Mundi holds a law degree from the University of British Columbia, a master’s degree from the
University of Toronto and a bachelor’s degree from North Carolina State University.
3

5. Serbian Properties (100% owned)
Valjevo Property
Balkans (Serbia)
Approx: 78 sq km.
Koceljeva Property
Balkans (Serbia)
Approx: 66 sq km.
Kragujevac Property
Balkans (Serbia)
Approx: 100 sq km.
Preljina Property
Balkans (Serbia)
Approx: 100 sq km. Ladevci Property
Balkans (Serbia)
Approx: 100 sq Km.
Trnava Property
Balkans (Serbia)
Approx: 100 sq km. Blace Property
Balkans (Serbia)
Approx: 99 sq Km
Total: 643 sq km.
4

6. Balkans Projects (Serbia)
Summary:
Located in the Balkan Peninsula in SE Europe, Serbia occupies a region that has been famous since ancient times for
mining and mineral exploration. However, it is only in recent years that exploration programs have begun to reveal
the true mineral potential of the country. By today’s standards Serbia is considered underexplored, with a
prospective area of moderate size and a wide spectrum of mineral deposits reflecting the diverse geological
environments that are present.
Ultra Lithium is seeking to identify potential targets in Serbia that could host a new Lithium resource in the form of
Jadarite. (A combination of Lithium and Boron.)
Jadarite is a first-seen Na-borosilicate mineral with high B (47,2% B2O3) and Li (7,3% LiO2) content, first discovered
in late 2004 in the Jadar basin, situated in western Serbia. The mineral was officially recognized by the International
Mineralogical Association in 2006.
Ultra Lithium has been granted seven exploration licenses in the Republic of Serbia - through its wholly-owned local
subsidiary, Ultra Balkans doo - for the Koceljeva, Trnava, Valjevo East, Preljina, Ladjevci , Kragujevac and Blace
mineral prospects by the Ministry of Environment, Mining and Spatial Planning. The successful exploration license
applications are located within well defined basins and cover an area of approximately 643 square km in total.
5

7. Balkans Projects (Serbia)
Summary (Continued):
The Company is now initiating its multidisciplinary exploration program that includes field reconnaissance,
mapping, geochemical sampling and geophysical surveys.
The various geophysical methods include gravity, ground-magnetic and magneto-telluric surveys, which will be
used to interpret basin geometry and identify potential lithium and boron bearing horizons. Given the anticipated
rapid advance of the exploration program and pending favorable results, the Company expects to initiate
exploration drilling in 2012.
6

8. Koceljeva Property
The Koceljeva mineral prospect is situated approximately 60 km southwest
of Belgrade in the Municipalities of Vladimirci and Sabac. It covers an area
of almost 66 square km.
 The Koceljeva property is situated approximately 20 km east of Rio
Tinto’s Jadar Li-B deposit, (125.3Mt @ 1.8% Li2O & 13.1% B2O3). Rio-
Tinto has committed to spending $27 million to complete a pre-
feasability study.
 The Koceljeva property hosts a distinct sedimentary sequence which the
Company believes to be geologically correlated to Rio Tinto’s Jadar
deposit.
Valjevo East Property
Valjevo East is a highly ranked mineral
prospect which covers an area of
approximately 78 square km and is located
approximately 60 km south of Belgrade in
the Municipalities of Ljig and Lazarevac,
Serbia.
 It is situated adjacent to Pan Global
Resources’ Valjevo and Ljig mineral
prospects.
7

9. Ladjevci, Preljina & Trnava Properties
The Ladevci, Preljina and Trnava mineral prospects cover
an area of approximately 100 square km each and are
located in the central part of Serbia, approximately 100 km
south of Belgrade.
 All tenements are situated in the NW-SE trending
Morava depression (more than 1,000 square km in
size) that hosts a promising basin system.
 All tenements will be explored for their lithium and
boron potential, as the Morava depression has several
features that warrant further investigation:
- It hosts a promising basin system with favorable
lithologies that have been identified by past
exploration efforts of the Yugoslavian Geological
Survey.
- The basin has an interesting tectonic signature, while
Gravity lows have been identified during Ultra’s
desktop studies.
 Rio Tinto currently holds the Janok mineral prospect,
situated in the SE part of the Morava depression,
where a recent drilling exploration program was
implemented.
8

10. Kragujevac Property
The Kragujevac mineral prospect covers an area of approximately
100 square km and is located approximately 70 km south of
Belgrade and less than 10 km north of the town of Kragujevac in
the Sumadija District, Central Serbia.
 The Kragujevac property hosts a distinct sedimentary
sequence which the Company believes to be
geologically correlated to Jadar deposit.
Blace Property
 The Blace property is 99
sq. km in size and hosts
a distinct sedimentary
sequence.
Ultra is the 100% owner and operator of the
Koceljeva, Trnava, Valjevo East, Preljina, Ladevci,
Kragujevac, and Blace Exploration Licenses.
9

11. Valjevo Basin
Recently PGZ tested basin to depth of 607m Ultra Lithium to begin exploration Q2 2012
- A 40m zone of borate mineralization averaging 1.99% B2O3 was encountered
- This includes 4m @ 8.4% B2O3 and 0.26% Li2O (from 428 to 432m)
10

12. Simple Exploration Methodology
(Magneto-telluric Surveys result examples for Jadarite Mineralization.)
Jadar MT (3D inverted resistivity) section Looking NW, NE
NW
NE
Jadar Project, IM Lithium Conference, Santiago, 28th January 2009
11

13. Conceptual Processing Plant for Rio Tinto’s Jadar
project (Beneficiation and processing)
 Jadarite ore can be upgraded in a multi-stage crushing and wet scrubbing circuit.
 Hot concentrated sulphuric acid digestion followed by gangue removal by leaching.
 Boric acid production from the digestion liquor by crystallisation.
 Magnesium and calcium removal from the boric acid plant liquor by precipitation with
lime and recycle sodium carbonate.
 Precipitation of lithium carbonate by sodium carbonate addition.
 Crystallisation of sodium sulphate from the lithium carbonate plant liquor.
 “Off the shelf” technologies employed - no innovative metallurgy required.
 Bench scale recoveries: Li to Li2CO3 60%; B to boric acid 60%.
* Source: Rio Tinto. Jadar Project, IM Lithium Conference, Santiago, 28th January 2009
12

14. Conceptual Resource to products flow chart for
Rio Tinto’s Jadar project
JORC Inferred resource
114.6 Mt @ 1.8% Li2O & 13.1% B2O3
40% Mine Recovery
46 Mt mineable Ore
Beneficiation
75% Recovery
14 Mt upgraded Ore @
32% B2O3 & 5.0% Li2O
80% Recovery
6.4 Mt H3BO3
Processing
1.4 Mt Li2CO3
* Source: Rio Tinto. Jadar Project, IM Lithium Conference, Santiago, 28th January 2009
13

15. Project Locations – North America
Zigzag Lake Property
Ontario, Canada
Type:
Lithium Pegmatite &
Rare Earth Elements
South Big Smokey Valley Property
Nevada, USA
Type:
Lithium Brine Project
14

16. South Big Smokey Valley (100% owned, Nevada)
Ultra Lithium Inc’s South Big Smokey Valley is located in
Esmeralda County, Nevada 16 miles north of the Silver
Peak Mine in Clayton Valley.
Size:
 364 placer claims (7,280 acres).
Geology
The project shares a similar geology and weathering history
to Clayton Valley. The north end of Clayton Valley hosts
Chemetall Foote Corporation’s Silver Peak Mine, the only
lithium brine producer in North America. Mine production
comes from a lithium enriched brine located below the
surface. The plant has been in production since 1967 and
is designed to produce up to 1.2 million kilograms of lithium
per annum.
15

17. South Big Smokey Valley (Continued)
History:
Commencing in the 1970s the United States Geological Survey (“USGS”) carried out a series of
regional reconnaissance programs including sampling and drilling on the edges of the Big Smokey
Valley. Gravity surveys over the region also identified various structures that may have created
topography favorable for evaporite accumulation and subsequent traps, which potentially could
host commercially viable mineral rich brines.
A study by Price, Lechler, Lear and Giles in 2000, suggests that lithium was released into the
Clayton Valley basin by the weathering of high-lithium-bearing rocks. Similar lithologies and
weathering history exist in the adjacent Big Smokey Valley.
16

18. Zigzag Lake Property, Ontario Tebishogeshik Showing
(J.V. with Canadian Orebodies 80%/20%)  Grab samples from the Tebishogeshik showing
on the Zigzag property have yielded significant
Located 60 km northeast of Armstrong, Ontario, and accessed lithium, tantalum and rare metals values in
via an all-weather road, the project consists of five individual samples of up to 4.09 percent Li2O,
exploratory areas totaling approximately 2,064 hectares. 501 parts per million Ta2O5, 2,280 parts per
million rubidium and 408 parts per million
beryllium.
 Canadian Orebodies Drills Widespread Tantalum
mineralization On Zigzag Property.
(See “Table 1”, page 14)
 A total of 23 percent of the 39 grab samples
taken from the Tebishogeshik showing exceeded
the upper detection limits for Tantalum (greater
than 100 parts per million).
Dempster L28 Showing
 Contains prismatic spodumene (LiAl(SiO3)2)
crystals up to 10 cm in length, with identifiable
lithium and columbite-tantalite occurrences.
Dempster East
 Average grades of 1.78% and 1.88% Li2O through
9 parallel samples drawn from SE portion of
property.
17

19. Zigzag Lake Property (Continued)
With our partners we have encountered
significant Tantalum mineralization and other
Rare earth elements.
TABLE 1 -- HIGHLIGHTED DRILLING ASSAYS FOR TEBISHOGESHIK SHOWING
Channel #
From
(m)
To
(m)
Width
(m)
Ta2O5
(ppm)
Li2O
(%)
Be
(ppm)
Cs
(ppm)
Nb
(ppm)
Rb
(ppm)
Bird River Potential No. 1
CO-10-005 10.73 21.10 10.37 86.92 0.27 36.07 132.40 32.65 803.35  Anomalously high lithium levels
Including 10.73 14.48 3.75 192.79 0.45 79.05 71.93 58.91 870.93 (ca 300 ppm) in the greenstone
CO-10-006 19.80 22.40 2.60 123.87 0.74 115.60 54.46 81.30 1201.54 bedrock, with dramatic increases
CO-10-006 28.50 30.50 2.00 170.34 0.06 100.35 80.05 100.65 940.00 in trace lithium in adjacent zones.
CO-10-007 12.45 18.55 6.10 197.29 1.08 114.07 56.55 69.33 1090.25
Including 12.45 15.50 3.05 240.18 1.49 146.80 39.07 82.42 580.00 Ketchican Road Beryl
CO-10-008 11.50 18.42 299.07 0.40 35.83 123.97 67.30 1434.88
6.92
 Multiple rare elements including
Including 15.50 18.42 2.92 399.82 0.58 62.76 118.26 87.37 1522.74
Lithium and Tantalum.
CO-10-009 10.50 18.65 8.15 188.17 0.35 140.62 51.87 69.55 1079.26
CO-10-010 34.20 37.85 3.65 237.68 0.93 96.62 64.06 105.40 1102.19  Anomalously high beryl levels
CO-10-011 14.50 18.56 4.06 106.08 0.27 194.10 64.12 84.38 1618.28 could indicate inclusion in a larger
CO-10-011 39.50 41.95 2.45 223.44 0.07 126.92 248.98 46.78 859.98 rare-element swarm.
(Widths above are the intercepted widths of the mineralized zone, true widths are not known at this time.)
18

20. Global Demand
• Major automakers forecast hybrid and full
electric vehicles achieving steady growth to
10 - 30% of annual light vehicle sales by 2020,
up from ~3% currently, pushing lithium demand
up 100 - 200%.
• New technologies drive the demand for Lithium.
Electrification Driving the Lithium Market.
7-12%
• Each electric car will contain 4 kg of Lithium
(21.28kg Lithium Carbonate).
per year
Source: Cormark Securities Inc.
June. 2011 Lithium Producers & Developers
19

21. Lithium Market
Other Glass &
Pharma 15% Ceramics
Rubber & 2% 31%
Plastics
4%
Casting
4%
Air
Conditioning
6%
Aluminum
6%
Greases
Batteries
9%
23%
Source: Cormark Securities Inc., Roskill (2009)
June 7th. 2011 Lithium Producers and Developers report
20

22. Lithium Demand Forecast
Lithium Demand Estimate (000 tLCE)
500 Batteries
Glass & Ceramics
Air Conditioning
400 Aluminum
Casting
Greases
300 Pharma
Rubber & Plastics
Other
200
100
0
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Sources: Cormark Securities Inc. , Chemetall, Roskill
June 7th. 2011 Lithium Producers and Developers report
21

23. Product Uses
 Lithium
• Ceramics & glass • Air Conditioning • Grid Storage
• Batteries • Casting • Automotive
• Greases • Solar Thermal • Pharmaceuticals
• Aluminum • Nuclear • Rubber & Plastics
 Boron
• Glass and Ceramics • Shielding in nuclear reactors
• Detergent and bleaching agents • Fireworks
• Insecticides • Anti-corrosion products
• Semiconductors • Welding / fire retarding additives
• Magnets • Textile fiberglass
• High-hardness and abrasive • Adhesives
compounds • Superconducting Material
• Electrolyte (LiBOB Batteries)
22

24. Project highlights summary
 Off the shelf processing technology can be applied to Jadarite; sulphuric acid and soda ash
locally and readily available.
 Unique targets with potentially high value mineralogy.
 Flexible mining options with small environmental footprint.
 Simple exploration methodology.
 Existing infrastructure with road, rail and river / sea transport options.
 Co-product revenue stream can be found within Jadarite. (Lithium, Boron.)
 Koceljeva concession is approximately 20 km from Rio’s Jadar deposit, with the remaining
Exploration Licenses in well defined basins throughout the region.
 Ultra is the 100% owner and operator of the Koceljeva, Trnava, Valjevo East, Preljina, Ladevci
and Kragujevac Exploration Licenses.
23

25. Comparables
Advanced stage Symbol Share Price Shares out Market Cap
Orocobre Limited ORL $1.66 103 $171
Canada Lithium Corp. CLQ $0.58 253 $147
Lithium Americas Corp. LAC $1.26 77 $97
Lithium One Inc. LI $0.97 61 $59
Western Lithium USA Corp. WLC $0.33 101 $33
Nemaska Exploration Inc. NMX $0.39 74 $29
Rodinia Lithium Inc. RM $0.24 94 $23
Early Stage Symbol Share Price Shares out Market Cap
Pan Global Resources Inc. PGZ $0.79 22 $17
International Lithium Corp. ILC $0.115 70 $8
North Arrow Minerals Inc. NAR $0.13 53 $7
Pan American Lithium Corp. PL $0.085 54 $5
Ultra Lithium Inc. ULI $0.04 95 $4
January 2012
24

26. Ultra Lithium Company Portfolio
TSX Symbol
 TSX-V:ULI
Stock Price
 $0.05
Shares Out
 94.45M
Avg Volume
 100,000
Market Cap
 4.72M
25

27. Corporate Information
TSX-V: ULI
Andrew Brown
Corporate Communications
ir@ultralithium.com
507 – 700 West Pender Street
Vancouver, British Columbia
Canada V6C 1G8
Tel: 604-669-9788 ext. 202
Fax: 604-669-9768