SOURCE: Lithium Exploration Group, Inc.

September 24, 2013 09:44 ET

Lithium Exploration Group Sets Closing Date for Acquisition of Blue Tap Resources

SCOTTSDALE, AZ--(Marketwired - Sep 24, 2013) - Lithium Exploration Group Inc. (OTCQB: LEXG) has set a closing date of October 18, 2013 to complete the acquisition of Blue Tap Resources. Lithium Exploration Group and Blue Tap Resources entered into an LOI on June 11, 2013 which can be found in Form 8K at www.sec.gov

"Yesterday we funded the second of three acquisition installments and we set a closing date to finalize the acquisition on October 18. On October 1st the disposal well will be returned to active status and the surface work required to resume operations is expected to be complete shortly thereafter," commented CEO Alex Walsh. "We are excited to complete the acquisition and return the Morinville facility to revenue generating operations with our partners at Blue Tap."

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.

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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. 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.

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