SOURCE: Lithium Exploration Group, Inc.
SCOTTSDALE, AZ--(Marketwired - Dec 30, 2013) - Lithium Exploration Group Inc. (OTCQB: LEXG) announced today that with the Ultrasonic Generator completed, its partners at GD Glottech International Ltd. (GDGI) last week commenced internal testing of the Unit. In conjunction with their lead engineering firm, and under direction by the technology's inventor, a short week of testing is planned for this week due to the national holiday, with full testing resuming the week of January 6. Internal testing is expected to conclude in late January, followed by public demonstrations of the technology.
"We are ecstatic that testing has finally begun on the horizontal unit that is destined for field testing in Q1. Further, we are excited that our team has been asked to assist in the initial testing program and will be in Houston soon to participate in the ramp up of the unit to full capabilities. This is a tremendous way to end 2013, and start the New Year," commented CEO Alex Walsh.
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.