SOURCE: Lithium Exploration Group, Inc.
SCOTTSDALE, AZ--(Marketwired - Oct 8, 2013) - Lithium Exploration Group Inc. (OTCQB: LEXG) announced today that its partners at GD Glottech International Ltd. (GDGI) are preparing to initiate testing of the new ultrasonic generator being built in Houston, TX. The inventor arrived in Houston two weeks ago and has approved the final drawings for assembly and testing.
LEXG's CEO is making preparations to travel to Houston and his team will shoot video of the progress to present to shareholders as soon as testing resumes. The team from Lithium Exploration Group will be in Houston to assist in the ramp up of the technology unit. The goal of this initial testing is to utilize the controlled cavitation reaction in the unit to bring fresh water above 220 degrees where it will vaporize.
"Our partners at GDGI are taking all required steps to ensure that the engineering and assembly is done perfectly. We are excited to get back to testing and proving the technology's capabilities," 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.