SOURCE: Lithium Exploration Group, Inc.

November 12, 2013 09:16 ET

Lithium Exploration Group Announces Resumption of Operations at Morinville Facility

SCOTTSDALE, AZ--(Marketwired - Nov 12, 2013) -  Lithium Exploration Group Inc. (OTCQB: LEXG) announced today that it has completed the site work at its Morinville facility. The facility, which was acquired last month, is ready to accept produced water and will begin a "soft opening" period, during which trucking companies can bring loads to the facility free of charge while the staff is trained and the operational systems are put in place. The company expects to have initial revenue at the facility in December.

"We are excited to get this facility up and running and look forward to reporting revenue for the first time on our Dec 31 10Q," commented CEO Alex Walsh. "Like many of our shareholders, we are also looking ahead to the imminent testing of the Ultrasonic Cavitation Device in Houston, Texas. However, the near-term and long-term impact of the Morinville facility and the Tero acquisition cannot be overlooked. These disposal facilities will allow us an unprecedented opportunity to return shareholder value and ensure the success of our technology investment." 

About Lithium Exploration Group
Lithium Exploration Group is a US-based exploration and development company focused on the acquisition and development potential of lithium brines and other precious metals that demonstrate high probability for near-term production. Currently the company is focused on its Western Canada lithium assets, testing its Ultrasonic Generator Technology and the acquisition of oil and gas related assets in Western Canada. Lithium Exploration Group is a fully reporting company traded on the OTCQB under the symbol LEXG. Website: www.lithiumexplorationgroup.com.

Safe Harbor Statement
This news release contains "forward-looking statements." Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future testing of the ultrasonic technology.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of lithium prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.

Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Contact Information