Ultralight Mg–Li alloys are promising aerospace materials as they are the lightest structural alloys at present; however, their fatigue behaviors remain to be explored. This work focuses on the fatigue strength and crack initiation behavior of an extruded dual‐phase Mg–Li alloy (LZ91) under high‐cycle and very‐high‐cycle fatigue regimes. The fatigue limit of LZ91 alloy at 109 cycles was determined to be 78 MPa, and the fatigue ratio is 0.46. Microstructural characterization demonstrates that fatigue cracks tend to initiate at β‐Li phase‐enriched regions. The α‐Mg phase presents a <
10true1¯0> fiber texture with a basal plane that has low deformation in the extrusion direction and acts as an enhanced phase in relation to the β‐Li phase. Deformation discrepancies cause localized cyclic plasticity at the Li phase that leads to fatigue crack initiation.