Ann: Power issues enforcement notice to Ultra Lithium, page-2

Hopefully turn a Negative into a Positive.

Power serves Ultra Lithium with section 244(1) notice
under Bankruptcy and Insolvency Act (Canada)

The s.244 Notice provides that Power must give 10 days’ notice of its intention to enforce a security
interest prior to any taking any enforcement steps. Power may then make an application to the relevant
court for orders to appoint a receiver. As at the date of this announcement, the Ultra Lithium CLA debt
totalled AUD $1,136,372. This figure has grown since the 16 July announcement under which Power
confirmed issuing Ultra Lithium with a Default Notice demanding repayment of AUD $1,102,542.