SOURCE: Lithium Exploration Group, Inc.

August 08, 2013 09:00 ET

Lithium Exploration Group Announces Submission of Facility Application

SCOTTSDALE, AZ--(Marketwired - Aug 8, 2013) - Lithium Exploration Group Inc. (OTCQB: LEXG) announced that yesterday (August 7, 2013) the operator of the Blue Tap Resources disposal well submitted an application to the AER (Alberta Energy Regulator) for resumption of produced water disposal operations at the Morinville asset. On-site procedures necessary for the resumption of operations have been scheduled for next week and, upon completion, will immediately be submitted to the AER; disposal operations will be ready to resume. This is a critical step in the return of the facility to a fully operational oilfield and industrial waste disposal facility.

"Our team in Calgary has been working feverishly with Blue Tap management to get to this point, and we are excited to move from paperwork to field operations," commented CEO Alex Walsh. "I will be in Alberta next week to finalize our operational strategy at the Blue Tap facility. We are also in discussions with another existing disposal facility whose management I will be meeting on my trip to discuss a potential partnership in the future."

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, including but not limited to the completion, testing, transportation, and final installation of the unit.

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.

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