DisclaimerThis 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 un-

certainties. Although Ultra Lithium Inc. believes that such expectations are rea-

sonable, there can be no assurance that such expectations will prove to be cor-

rect, and therefore actual results may differ materially from those currently antic-

ipated 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

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.)

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LeadershipMr. 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)

Leadership

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.

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Mr. Roop Mundi - Director• Mr. Mundi serves as vice-president, business development, for Kingsdale Shareholder Services

Inc., Canada’s leadking 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.

Mr. Gordon Addie – Consulting Geologist, BSc• 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.

Serbian Properties (100% owned)

4

Kragujeyac PropertyBalkans (Serbia)Approx: 100 sq km.

Total: 643 sq km.Total: 643 sq km.

Ladevci PropertyBalkans (Serbia)Approx: 100 sq Km.

Trnava PropertyBalkans (Serbia)Approx: 100 sq km.

Valjevo PropertyBalkans (Serbia)Approx: 78 sq km.

Koceljeva PropertyBalkans (Serbia)Approx: 66 sq km.

Preljina PropertyBalkans (Serbia)Approx: 100 sq km.

Blace Property Balkans (Serbia)

Approx: 99 sq Km

Balkans Projects (Serbia)

Summary:

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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 prospec-tive 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 six exploration licenses in the Republic of Serbia - through its wholly-owned local subsidiary, Ultra Balkans doo - for the Koceljeva, Trnava, Valjevo East, Preljina, Ladevci , Kragujevac and Blace min-eral prospects by the Ministry of Environment, Mining and Spatial Planning. The successful exploration license appli-cations are located within well defined basins and cover an area of approximately 643 square km in total.

Balkans Projects (Serbia)

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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.

Summary (Continued):

7

Koceljeva PropertyThe Koceljeva mineral prospect is situated approximately 60 km southwestof Belgrade in the Municipalities of Vladimirci and Sabac. It covers an areaof almost 66 square km.

The Koceljeva property is situated approximately 20 km east of Rio Tinto’s Jadar Li-B deposit. (114Mt @ 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 is a highly ranked mineral prospect which covers an area of approximately 78 square km and is locatedapproximately 60 km south of Belgrade inthe Municipalities of Ljig and Lazarevac,Serbia. It is situated adjacent to Pan Global Resources’ Valjevo and Ljig mineral prospects.

Valjevo East Property

The Ladevci, Preljina and Trnava mineral prospects cover an area of approximately 100 square km each and are lo-cated 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 im-plemented.

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Ladevci, Preljina & Trnava Properties

Kragujevac PropertyThe Kragujevac mineral prospect covers an area of approximately 100 square km and is located approximately 70 km south of Bel-grade 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 geologi-cally correlated to Jadar deposit.

Ultra is the 100% owner and operator of the Ko-celjeva, Trnava, Valjevo East, Preljina, Ladevci and Kragujevac Exploration Licenses.

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The Blace property is 99 sq. km in size and hosts a distinct sedimentary sequence.

Blace Property

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(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 Janu-ary 2009

Simple Exploration Methodology

* Source: Rio Tinto. Jadar Project, IM Lithium Conference, Santiago, 28 th January 2009

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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%.

40% Mine Recovery

75% Recovery

80% Recovery

* Source: Rio Tinto. Jadar Project, IM Lithium Conference, Santiago, 28 th January 2009

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Conceptual Resource to products flow chart for Rio Tinto’s Jadar project

46 Mt mineable Ore

14 Mt upgraded Ore @32% B2O3 & 5.0% Li2O

Beneficiation

Prossesing6.4 Mt H3BO3

1.4 Mt Li2CO3

JORC Inferred resource114.6 Mt @ 1.8% Li2O & 13.1% B2O3

Project Locations – North AmericaZigzag Lake PropertyOntario, Canada

Type:Lithium Pegmatite & Rare Earth Elements

South Big Smokey Valley PropertyNevada, USA

Type:Lithium Brine Project

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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).

GeologyThe project shares a similar geology and weathering historyto 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.

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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 theClayton Valley basin by the weathering of high-lithium-bearing rocks. Similar lithologies and weathering history exist in the adjacent Big Smokey Valley.

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Zigzag Lake Property, Ontario Tebishogeshik Showing

Grab samples from the Tebishogeshik showing on the Zigzag property have yielded significant lithium, tantalum and rare metals values in indi-vidual samples of up to 4.09 percent Li2O, 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) crys-

tals 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.

Located 60 km northeast of Armstrong, Ontario, and accessed via an all-weather road, the project consists of five ex-ploratory areas totaling approximately 2,064 hectares.

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(J.V. with Canadian Orebodies 80%/20%)

Zigzag Lake Property (Continued)

Bird River Potential No. 1 Anomalously high lithium levels

(ca 300 ppm) in the greenstone bedrock, with dramatic increases in trace lithium in adjacent zones.

Ketchican Road Beryl Multiple rare elements including

Lithium and Tantalum.

Anomalously high beryl levels could indicate inclusion in a larger rare-element swarm.

With our partners we have encountered sig-nificant Tantalum mineralization and otherRare earth elements.

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Channel #From(m)

To(m)

Width(m)

Ta2O5 (ppm)

Li2O(%)

Be(ppm)

Cs(ppm)

Nb(ppm)

Rb(ppm)

CO-10-005 10.73 21.10 10.37 86.92 0.27 36.07 132.40 32.65 803.35

Including 10.73 14.48 3.75 192.79 0.45 79.05 71.93 58.91 870.93

CO-10-006 19.80 22.40 2.60 123.87 0.74 115.60 54.46 81.30 1201.54

CO-10-006 28.50 30.50 2.00 170.34 0.06 100.35 80.05 100.65 940.00

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

CO-10-008 11.50 18.426.92

299.07 0.40 35.83 123.97 67.30 1434.88

Including 15.50 18.42 2.92 399.82 0.58 62.76 118.26 87.37 1522.74

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

CO-10-011 14.50 18.56 4.06 106.08 0.27 194.10 64.12 84.38 1618.28

CO-10-011 39.50 41.95 2.45 223.44 0.07 126.92 248.98 46.78 859.98

TABLE 1 -- HIGHLIGHTED DRILLING ASSAYS FOR TEBISHOGESHIK SHOWING

(Widths above are the intercepted widths of the mineralized zone, true widths are not known at this time.)

Global Demand• Major automakers forecast hybrid and full elec-

tric 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.

• Each electric car will contain 4 kg of Lithium (21.28kg Lithium Carbonate).7-12%7-12%

per yearSource: Cormark Securities Inc.June. 2011 Lithium Producers & Devel-opers

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Lithium Market

Source: Cormark Securities Inc., Roskill (2009)June 7th. 2011 Lithium Producers and Developers re-

port

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Other15%Pharma

2%Rubber & Plastics

4%

Casting4%

Air Condition-ing6%

Aluminum6%

Greases9%

Batteries23%

Glass & Ce-ramics

31%

Sources: Cormark Securities Inc. , Chemetall, RoskillJune 7th. 2011 Lithium Producers and Developers re-

port

Lithium Demand Forecast

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Lit

hiu

m D

eman

d E

stim

ate

(000

tL

CE

)

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

0

100

200

300

400

500

OtherRubber & PlasticsPharmaGreasesCastingAluminumAir ConditioningGlass & CeramicsBatteries

7% ~ 12 % Annual Growth Forecast

Product Uses Lithium• Ceramics & glass• Batteries• Greases• Aluminum

• Air Conditioning• Casting• Solar Thermal• Nuclear

• Grid Storage• Automotive• Pharmaceuticals• Rubber & Plastics

Boron• Glass and Ceramics• Detergent and bleaching agents• Insecticides• Semiconductors• Magnets• High-hardness and abrasive compounds• Electrolyte (LiBOB Batteries)

• Shielding in nuclear reactors• Fireworks• Anti-corrosion products• Welding / fire retarding additives• Textile fiberglass • Adhesives• Superconducting Material

21

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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.

Project highlights summary

ComparablesAdvanced 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

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Ultra Lithium Company PortfolioTSX Symbol

TSX-V:ULI

$0.04

94.45M

100,000

3.77M

Stock Price

Shares Out

Avg Volume

Market Cap

24

Corporate InformationTSX-V: ULIAndrew Brown Corporate Communicationsir@ultralithium.com

507 – 700 West Pender StreetVancouver, British ColumbiaCanada V6C 1G8

Tel: 604-669-9788 ext. 202Fax: 604-669-9768