SOURCE: Lithium Exploration Group, Inc.

October 08, 2014 08:15 ET

Lithium Exploration Group CEO Distributes October Newsletter

SCOTTSDALE, AZ--(Marketwired - Oct 8, 2014) - Lithium Exploration Group Inc. (OTCQB: LEXG) CEO Alex Walsh discusses ongoing business activity in his October 2014 newsletter:

Dear Shareholders,

Later today we will be filing our June 30, 2014 10K. This is obviously a time-consuming effort, as busy as we have been over the past 12 months. However, it is a much more thorough and appropriate way for you to extract information about our company than a monthly letter to shareholders. 

In the most recent fiscal year, we have acquired two waste disposal facilities and successfully tested the ultrasonic generator into which we have invested significant time and resources. The quarter ending June 30, 2014 will see the first meaningful revenue that we have generated as a company since our inception. Over the past month, we have retired almost half of the debt that we took on in March to complete the Tero Oilfield investment, and we have raised additional capital to take on a larger stake in the company beginning January 2015.

I think that we are in fantastic shape to move our business forward. We have two disposal facilities in Alberta and interest in a technology that has numerous industrial applications which will save customers money in areas as diverse as water treatment and steam generation.

Our market capitalization is not so fantastic. Competing firms such as Secure Energy, Clean Harbours, and Newalta, are much larger than we are, but trade publicly at 30 to 50 times earnings. I believe that we will be able to justify a market cap over $100 million in the next 12 to 18 months. This opinion is based upon the direction we are headed, a comparison with other public companies, and the added value that we bring to waste disposal and oil treatment with the ultrasonic technology. I realize that this may seem farfetched, but if you look at the competition and the way they got started, we are not far behind -- and none of them had a potentially game-changing technology in their arsenal.

Enjoy the 10K and look for a more detailed update on our progress next month.

Sincerely,
Alex Walsh
CEO
Lithium Exploration Group

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.

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