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Lithium Exploration Group, Inc. (OTC: LEXG) News - July 19, 2017

 


Lithium Exploration Group Announces Executed LOI for $5 Million Dollar Investment in White Top Oil and Gas


Phoenix, AZ / July 19, 2017 - Lithium Exploration Group Inc. (OTCPINK: LEXG) CEO Alex Walsh updates shareholders on company activities.

Dear Shareholders,

I am pleased to announce that White Top Oil and Gas has granted exclusivity under an executed LOI with an Oklahoma-based investment group. The agreement was signed last week and provides exclusivity to the Oklahoma investor to finalize deal documentation and provide a non-refundable deposit by August 1, 2017. The expectation now is that the initial drilling funding could happen as early as August 15, but those details are not yet finalized. The team at White Top still has two to four other groups still interested in making an investment, should this transaction not be completed.

The seismic is underway with some final permitting taking place and initial locations for data collection being prepared. Our goal is still to have the seismic shoot and data processing complete in October, which will provide significantly more concrete data on the overhang and other deep zones that can be exploited using modern technologies.

The development of our field well has been put on hold for the past few weeks, with both time and resources being devoted primarily to getting this oil asset going. All of the vendors still have their marching orders and, once we are ready to begin, they can all start building the unit within a few weeks, depending on other projects they have on the go.

While we have temporarily paused the development of the commercially-ready oil unit, our partners at SonCav have begun work on their field water unit. Their exact time frame is not yet available because they are still finalizing bids from vendors, but they are working feverishly to get that unit into testing.

I can’t wait for the development drilling to take place so that we can further solidify the executability of the royalty stream potential in that field for years to come. All of that said, our primary business is still the commercialization of the SonCav technology. We will do whatever it takes to see this technology hit the market and we continue to believe that we are just scratching the surface of its capabilities.
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 testing its SonCav Technology and the acquisition of oil and gas related assets in Western Canada. Lithium Exploration Group is traded on the OTCPINK 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.

Contact Info
Shanon Chilson
480-641-4790
info@lithiumexplorationgroup.com

SOURCE: Lithium Exploration Group

 

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Lithium Exploration Group Announces Agreement on $14M Financing for White Top Oil and Gas Project


Phoenix, AZ / June 15, 2017 - Lithium Exploration Group Inc. (OTCPINK: LEXG) announced today that its partners at White Top Oil and Gas have reached a verbal agreement on a $14M investment that would fund the final acquisition of the field in Louisiana, and fund the first six drilling targets. This proposed investment is from a New York-based private equity firm and is being made directly into White Top Oil and Gas and thus will not be dilutive to LEXG shareholders.

“I was on a call with our partners at White Top and the investor yesterday afternoon and, with only a few small considerations in the final documentation, the goal is to close the transaction in July,” commented CEO Alex Walsh. “We are not directly involved in this transaction but we benefit, because, as soon as the acquisition is finalized, we begin to collect checks on our 3% overriding royalty. As they drill additional wells that royalty stream goes up. The recent discovery of the overhang has significantly expedited the funding process and we are all excited to move this project forward.”

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 testing the Sonic Cavitation Ltd. technology and the acquisition of oil and gas related assets in the US and Canada. Lithium Exploration Group is traded on the OTC Markets 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.

Contact Info
Shanon Chilson
480-641-4790
info@lithiumexplorationgroup.com

SOURCE: Lithium Exploration Group


 

Lithium Exploration Group Announces Discovery of 800 Feet of Oil Pay in a Salt Dome Overhang at Louisiana Oilfield


Phoenix, AZ / June 14, 2017 - Lithium Exploration Group Inc. (OTCPINK: LEXG) announced today that its partners at White Top Oil and Gas have discovered an overhang on the edge of the salt dome that has 800 feet of prospective oil pay at a depth of only 3,000 feet. The discovery came from a recent collaboration with the company that has storage caverns inside of the salt dome on the property. The cavern company has shared a recent well they drilled which was believed to be inside of the salt dome. When they were drilling to a much deeper target depth, they went through an 800-foot zone of sandstone at only 3,000 feet, which is in the historically rich Miocene oil formation. The company and their partners at White Top have had independent analysis of the well log completed and have confirmed the initial indications of oil rich sandstone.

"This news is exactly what we predicted we would see from the updated seismic analysis we invested in last month. Having this type of tangible data to support the thesis is huge for our efforts. As stated last month, the historical drilling efforts made on this field were done using old technologies, which could never have seen this type of overhang. The nearest wellbore that has been drilled on the outside of the salt dome in this part of the field is almost a half a mile away and, if this overhang goes all the way around the salt dome, it could result in the production of more than two million barrels of shallow oil," commented CEO Alex Walsh. "These salt domes are easily researched for folks that aren't oil and gas experts, but the overhang concept is that, over millions of years, the salt domes form mushroom heads with undiscovered pockets of oil in them. Our partners have identified several lower zones that they think will have significant production after updated seismic data is analyzed, but nobody thought there were such significant reserves at such a shallow depth. This new find is significant for us and our partners at White Top Oil and Gas, and I look forward to updating you on our progress in the coming weeks."

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 testing the Sonic Cavitation Ltd. technology and the acquisition of oil and gas related assets in the US and Canada. Lithium Exploration Group is traded on the OTC Markets 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.

Contact Info:

Shanon Chilson

480-641-4790
info@lithiumexplorationgroup.com

SOURCE: Lithium Exploration Group

 

Lithium Exploration Group to Meet With Teams From White Top Oil and Gas and Sonic Cavitation Ltd.


Phoenix, AZ / June 8, 2017 - Lithium Exploration Group Inc. (OTCPINK: LEXG) announced today that it would be holding meetings next week with its partners at Sonic Cavitation Ltd. and White Top Oil and Gas in Houston. They plan to discuss deploying Sonic Cavitation Ltd. units at a new oilfield in Louisiana for field demonstration, as well as using the facility for ongoing R&D purposes. Representatives from LEXG and Sonic Cavitation Ltd. will be there for a period of two weeks meeting with all of the vendors working on the development of the market-ready technology unit, as well as making approvals for all of the final design of the unit and ongoing testing protocols.

"We are excited to have a stake in the field in Louisiana and to have a location just two hours from Houston to use as a future R&D facility for the next generation of units and other high-end applications for the Sonic Cavitation Ltd. technology," commented CEO Alex Walsh. "Timing is everything, and when this opportunity came up, we could not pass on it. The team from White Top have been instrumental in assisting us over the past year in sourcing testing oil and they are very familiar with what we are collectively trying to accomplish with the proliferation of this game-changing technology."

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 testing its SonCav Technology and the acquisition of oil and gas related assets in the US and Canada. Lithium Exploration Group is traded on the OTC Markets 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.

Contact Info:
Shanon Chilson
480-641-4790
info@lithiumexplorationgroup.com

SOURCE: Lithium Exploration Group Inc.

 

Lithium Exploration Group CEO Distributes June 2017 Letter to Shareholders


Phoenix, AZ / June 1, 2017 - Lithium Exploration Group Inc. (OTCPINK: LEXG) CEO Alex Walsh updates shareholders on company activities.

Dear Shareholders,

It has been a landmark month at LEXG. We were able to finalize and fund a joint development agreement with an oil and gas team out of Houston, Texas, that will give LEXG an interest in an asset outside of Lake Charles, Louisiana, that could generate passive income for decades to come.

The agreement called for LEXG to fund the cost of an updated seismic analysis of the field and operating capital to complete the interpretation and prioritization of the development targets. Our partners' obligation is to now raise money to drill the development wells and finance the full acquisition of the field between now and May 2018. Our investment provides us with a 3% gross override from all revenue from the existing five wells and all future drilled wells. Today there are more than 54 targeted locations and, once the updated seismic analysis is complete, our partners believe that number may be closer to 100 locations. Our partners are presently negotiating with a handful of investment groups to bring capital to the table, and none of that money will dilute our override in the project.

We are very excited about the prospects for this partnership because the revenue potential of the override has the potential to sustain our efforts for years to come with no requirement for additional investment. A secondary benefit of the partnership is that we now have a location just 100 miles from the Houston airport where we can work with our partners at Sonic Cavitation Ltd. to test various versions of their technology units on produced water, oil, and other fluids. We are in a position in which we have a working unit that can go into commercial production this year, but there will certainly be modifications to the design, size, and componentry in next generation units and applications. We will be able to use this field in Louisiana as the testing ground for future models, which is a massive benefit.

I hope to be able to announce the drilling of development wells as well as the progress on the seismic shoot in the coming weeks, and will be updating our website and adding pictures and videos of the facilities for you all to see. Thanks again for your continued support in our efforts.

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 testing its SonCav Technology and the acquisition of oil and gas related assets in Western Canada. Lithium Exploration Group is traded on the OTCPINK 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.

Contact Info:

Shanon Chilson

480-641-4790
info@lithiumexplorationgroup.com

SOURCE: Lithium Exploration Group

 

New Market For Lithium Exploration Group Technology Created By Estimated $3.8 Billion Expense To Energy Industry Resulting From Canadian Emissions Regulatory Crackdown


Phoenix, AZ / May 31, 2017 - Lithium Exploration Group Inc. (OTCPINK: LEXG) announced today that the Canadian Government has released an outline of new restrictions on the Canadian energy industry to promote more frequent equipment inspections, repair mandates, the use of cleaner technologies, and closer emission level monitoring. Lithium Exploration Group can resolve all the new regulatory restrictions with its Sonic Cavitation LTD Technology solution suite when it comes to treating and heating produced hydrocarbons.

Lithium Exploration Group CEO Alex Walsh:

“The focus of this regulation is to force the energy industry to adopt new practices utilizing new technologies that are cleaner and greener than the status quo. Unfortunately the common mentality of the energy industry is ‘if it ain’t broke don’t fix it’ – fortunately for us the Canadian Government is telling the energy industry ‘it is broke so go fix it. These changes are set to take place in 2020 which allows us plenty of time to get sales and distribution efforts in place and take the industry by storm.”

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 testing its SonCav Technology and the acquisition of oil and gas related assets in the US and Canada. Lithium Exploration Group is traded on the OTC Markets 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.

Contact Info
Shanon Chilson
480-641-4790
info@lithiumexplorationgroup.com

SOURCE: Lithium Exploration Group Inc.

 

Lithium Exploration Group to Engage Mire and Associates to Value Oil Royalty


Phoenix, AZ / May 25, 2017 - Lithium Exploration Group Inc. (OTCPINK: LEXG) announced today that it intends to engage Mire & Associates to assess the present value of the royalty stream associated with the White Top Oil and Gas project. The initial valuation will be for the existing production and immediate development targets, and the intent is to expand the engagement upon completion of the updated seismic analysis that will take place this summer. Mire & Associates will be engaged as an independent party to the opportunity to provide the most objective view of the project.

"Each of the team members at Mire & Associates has decades of experience in this type of analysis. The firm comes highly recommended from a heavily institutional client base and we will lean on them to assist in placing a near-term and long-term value around this project and our specific involvement as royalty holders," commented CEO Alex Walsh. "I have spent the past six years meeting with service providers and operators across North America and my belief is that these types of smaller projects in oil and gas have the greatest opportunity for upside. We are partnered with the inventors of a game-changing technology and have been handed an oil and gas market that is in disarray. This combination -- and the ability to find low-risk assets to partner on -- can have a substantial impact on our future. My intent is to publish the Mire report to our website as soon as it is finished so that our stakeholders can get a better handle on what we have our hands in."

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 testing its SonCav Technology and the acquisition of oil and gas related assets in the US and Canada. Lithium Exploration Group is traded on the OTC Markets 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.

Contact Info

Shanon Chilson

480-641-4790
info@lithiumexplorationgroup.com

SOURCE: Lithium Exploration Group Inc.

 

Lithium Exploration Group To Test Prototype Unit In June To Prove Solution For Global Fresh Water Epidemic


Phoenix, AZ / May 23, 2017 - Lithium Exploration Group Inc. (OTCPINK: LEXG) announced today that it intends to initiate prototype testing on water feedstock in June while the first commercial oil unit is being produced. The scope of these tests is to identify similar flow ratings and power consumption to the testing performed on crude oil in the fall and spring. This round of testing will also be structured to analyze the organic degradation, which takes place within the cavitation reaction. A team from Texas A&M Corpus Christis Core Isotope Lab has been engaged to perform the laboratory analysis of the water samples. This brief period of testing will take place in June and will provide some much-needed data on the water treatment applications that are being considered.

"The ability to eliminate these harmful organic biological compounds from wastewater streams is a huge part of the long-term initiative that Sonic Cavitation LTD has for their technology. These organics in brackish and light waste streams are harmful to the oceans when they are dumped into the sea, and harmful to humans when they are consumed," commented CEO Alex Walsh. "This testing effort is going to be quick and simple compared to our efforts with crude oil, but every bit as valuable. The degradation of organics in fluid is critical to many industries and humanitarian efforts and, with the help of the folks at TAMU-CC, we will be able to point to some very specific problems that we can solve as we hit the market."

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 testing its SonCav Technology and the acquisition of oil and gas related assets in the US and Canada. Lithium Exploration Group is traded on the OTC Markets 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.

Contact Info

Shanon Chilson

480-641-4790
info@lithiumexplorationgroup.com

SOURCE: Lithium Exploration Group

 

Lithium Exploration Group Takes Advantage of Modern Technology to Exploit Former Burlington Resources Asset


Phoenix, AZ / May 17, 2017 - Lithium Exploration Group Inc. (OTCPINK: LEXG) has recently entered into a Joint Development Agreement to acquire and exploit an oilfield outside of Lake Charles, Louisiana. The development strategy is one crafted 25 years ago by a team from Burlington Resources.

The original development strategy targeted 54 locations across four producible horizons, with the potential to extract as much as 13.6M additional barrels from the field.

This development plan was initiated following an original seismic shoot from 1992 using 8-fold resolution. The initial development plan today is to shoot a 110- fold resolution seismic to de-risk the deeper targets. It is believed that this new seismic data will show many other target locations that they were not able to identify in the older seismic data and development plan. The original development plan was sidelined in 1995 when oil dropped in price and it was never implemented because Burlington Resources grew so large that this size of development was not consequential to the company. The asset was sold to the existing owners who, over 15 years, have only drilled three new wells and have not drilled at all into the deeper zones which hold greater potential.

"We are fortunate to be able to participate in this development with our partners from White Top Oil and Gas. The dated seismic is like looking at a TV screen from 1992: you can see the picture, but it isn't nearly as crisp as a modern TV. In the next few months, we will be able to see the subsurface geology with all of the trapped pockets of oil in the modern equivalent of HDTV and, because of this, we will be able to de-risk the future development and potentially far exceed the expectations that were put on this field in the 1990s," commented CEO Alex Walsh. "One additional benefit -- a huge catalyst for this opportunity -- is that the lead geophysicist on the team at White Top also happens to be the same guy that shot the original seismic and put together the development plan all those years ago."

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 testing its SonCav Technology and the acquisition of oil and gas related assets in the US and Canada. Lithium Exploration Group is traded on the OTC Markets 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.

Contact Info

Shanon Chilson

480-641-4790
info@lithiumexplorationgroup.com

SOURCE: Lithium Exploration Group

 

Lithium Exploration Group Acquires Louisiana Oil Field Asset with $700 Million Gross Revenue Potential


Phoenix, AZ / May 15, 2017 - Lithium Exploration Group Inc. (OTCPINK: LEXG) today announced funding the second and final installment of its joint development agreement with White Top Oil and Gas. LEXG and White Top have entered into a partnership on April 13, 2017 to acquire and develop an oilfield outside of Lake Charles, Louisiana. With the installment announced today, LEXG and White Top Oil and Gas have in turn completed the acquisition of a purchase option with development rights to a 4000 acre oilfield with 13.6M barrels of oil ranging in depth from 3000 to 12,000 feet. At an approximate current market price of $50 per barrel the oilfield could produce as much as $700 million in gross revenue.

“We are extremely excited about this project because it gives LEXG a tangible oil asset with existing production and huge potential upside. Our partners at White Top have over 200 years of onshore gulf coast oil and gas experience and much of that is specific to salt dome development,” commented CEO Alex Walsh. “The additional benefit is that we now have our own oilfield to perform ongoing validation testing of the SonCav technology, not to mention the economic efficiencies we will enjoy on this oil field project delivered by the SonCav technology.”

The final investment announced today fully funds an updated 100 fold 3d seismic study covering 16 square miles which will assist in the long term in fill drilling program that White Top has in place. LEXG has fully funded the seismic with White Top having the obligation to now raise drilling dollars and initiate the development program.

Field Highlights

• On shore gulf coast oil field covering 4000 acres with 4 major producible zones (Miocene, Marg, Cib-Haz, and Hackberry) ranging from 3000 to 12000 feet around a salt dome.
• First production from this field occurred in 1926 with over 32,000,000 barrels produced.
• Former owners include Union of Texas and Burlington Resources (now part of Conoco)
• Burlington Resource performed 3d seismic analysis in 1992 but very few of the target wells from that shoot were actually drilled before they sold it to present owner.
• 54 target wells from existing seismic data.
• Independent geologist was hired to evaluate shallow target wells from seismic and estimated 2,600,000 barrels of producible oil. Deeper targets are significantly larger but need to be de-risked via a new high resolution seismic analysis.

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 testing its SonCav Technology and the acquisition of oil and gas related assets in Western Canada. Lithium Exploration Group is traded on the OTC Markets 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.

Contact Info
Shanon Chilson
480-641-4790
info@lithiumexplorationgroup.com

 

Lithium Exploration Group Combines Lithium Battery and Oil Field Developments Into One Big Shareholder ROI Opportunity


Phoenix, AZ / May 9, 2017 - Lithium Exploration Group Inc. (OTCPINK: LEXG) today released a letter to shareholders from CEO Alex Walsh with the latest updates on the Company's two tiered approach to build Lithium Battery market share and Oil Field market share from one proprietary technology. LEXG's SonCav brings dramatic efficiencies to both the development of Lithium Batteries and the refinement of Oil. LEXG has developed a plan that capitalizes on bringing shareholders the potential of two ROI opportunities from just one technology investment. Read the CEO's latest updates below.

Dear Shareholders -

Over the past month, we have made a lot of moves and taken a number of forward steps for the Company. I want to use this update as a way of bringing all of our business strategies together in one place.

Oil and Gas Joint Development Agreement:

We have entered into a joint development agreement with a team in Houston and are days away from funding the first major installment which will trigger a 12 month development and purchase agreement with the seller of a significant oil project in Southwest Louisiana. This partnership will take place with the same team in Houston that has been working with us to source oil for our testing and has agreed to take our first field unit at one of their facilities as the first commercial customer. They believe strongly in the SonCav Oil Unit being a game changing technology and have invited us to partner with them on this particular project because of that belief in what we may be able to accomplish.

Continued Testing and Technology Development:
We have initiated a skid system design that will be housed in a container, meet all energy industry specifications, have remote operation and monitoring capabilities and be deployed in the field as an initial commercial unit, while also serving as a sales presentation unit for all deployments in the America's.

In collaboration with our partners at Sonic Cavitation, Ltd. we have decided to continue testing in Houston through the development process specific to the water treatment application. We both feel that the oil and water can run parallel paths to commercialization and don't want to waste the equipment we have, nor the valuable time. The testing should resume just after Memorial Day and will be primarily focused on the organic material degradation that is occurring within the Ultrasonic Generator system. This testing effort will be a collaboration between ourselves, Sonic Cavitation, Ltd, with the data collection and testing being performed by a team from Texas A&M Corpus Christi.

Lithium Technology Aggregator Engagement:
I met last week with the CEO of the lithium technology aggregator we've been working with since the first of the year, and we continue to find a great deal of excitement on the potential of working with them in the future. They are in the final stages of acquiring a significant patent portfolio and look at the Sonic Cavitation, Ltd. technology as a great second piece to take forward. They are well funded and very motivated to move aggressively in the lithium space and we feel they would be great partners for us.

We have so many plans for commercialization of this technology, and for the lithium market and beyond. The final details still need to be worked out, but may involve an ownership stake in their company going forward which would be passed on to our shareholders.

There will be a lot more to be said about all of these subjects and topics, all of which have huge potential. I look forward to providing updates and deeper details in the coming weeks and months which should be pretty exciting.

Sincerely,

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 developing the SonCav Technology and the acquisition of oil and gas related assets. Lithium Exploration Group is traded on the OTCPINK under the symbol LEXG. Website: http://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.

Contact Info
Shanon Chilson
+1-480-641-4790
info@lithiumexplorationgroup.com
SOURCE Lithium Exploration Group Inc.

 

Lithium Exploration Group Finds Immediate Revenue Opportunity From Proprietary Lithium Technology In Oil Field While Lithium Market Matures


Phoenix, AZ / April 19, 2017 - Lithium Exploration Group Inc. (OTCPINK: LEXG) has published testing performance data and market research for the Sonic Cavitation Ltd Oil Unit to its website. TThe document is a collaboration of actual data collected in testing, with comparisons to existing natural gas fired burners and provides market feedback on the highest and best uses of the technology in the oil and gas industry today. The two best uses of the current technology are (1) for pipeline operators to heat and circulate oil in their tanks and (2) to replace conventional natural gas combustion for heat treatment of oil. In collaboration with Sonic Cavitation Ltd. and their vendors, Lithium Exploration Group is taking steps to deliver a unit that meets oil field specified regulation and can be remotely monitored and operated later this summer.

“In Western Canada, the requirement to heat oil is crucial. If oil cools off, it becomes harder to transport and the heavier compounds will drop out of solution and become a maintenance nightmare for operators of fields and pipelines,” commented CEO Alex Walsh. “As I said last summer, we are not going to solve all the world’s problems overnight; but our testing shows that there are some very addressable solutions that we have already solved for and, once we get a single unit in the field and can run it 24/7 for a few months, the Sonic Cavitation team will have more orders for this design than they will be able to fill.”

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 testing its SonCav Technology and the acquisition of oil and gas related assets in Western Canada. Lithium Exploration Group is traded on the OTC Markets under the symbol LEXG.

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.

Contact Info
Shanon Chilson
480-641-4790
info@lithiumexplorationgroup.com
SOURCE: Lithium Exploration Group Inc.

 

Lithium Exploration Group Announces Investment in SW Louisiana Oilfield Acquisition


Phoenix, AZ / April 13, 2017 - Lithium Exploration Group Inc. (OTCPINK: LEXG) today announced that it has reached an agreement with a Houston-based oil and gas team to assist in funding the acquisition of a legacy oil and gas field in southwest Louisiana. The investment will be initiated today with a down payment and will be completed over the next three weeks. It is structured as a debt instrument that will be converted into a royalty stream once the acquisition is finalized. The 4,000-acre oil field has over 100 years of activity on it and has generated over 32,000,000 barrels of oil in its lifetime. 90% of the historical production occurred before 1990, and it has not been exploited with any form of modern 3D seismic analysis. It is believed that the field could have more than 10,000,000 barrels of easily accessed oil remaining once modern techniques are used to identify and extract the oil.

This same team of oil and gas veterans owns the field where we have been discussing placing our initial field prototype. They have been instrumental in assisting us in procuring oil for the SonCav oil unit testing and will be extremely valuable partners, not only in the installation of an oil unit at this field, but also in opening avenues to other potential users in the oil and gas industry, commented CEO Alex Walsh. I have known about this opportunity for several months, but until very recently did not think we would be in a position to participate in the ownership. This is truly an amazing opportunity to participate in an exciting project with a team with 300 years of combined experience in onshore gulf coast oil and gas production. I will provide more details next week about the strategy and structure of the investment via press releases and 8k filings.

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 testing its SonCav Technology and the acquisition of oil and gas related assets in Western Canada. Lithium Exploration Group is traded on the OTC Markets 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.

Contact Info

Shanon Chilson

480-641-4790
info@lithiumexplorationgroup.com

SOURCE: Lithium Exploration Group Inc.

 

Lithium Exploration Group Discusses Q1 2017 and Ongoing Operations


Phoenix, AZ / April 11, 2017 - Lithium Exploration Group Inc. (OTCPINK: LEXG) CEO, Alex Walsh, updates shareholders on company activities:

We had an extremely busy quarter, completing the testing of the SonCav Oil Unit in Texas and working on several other strategic initiatives. At the same time, we continue to clean up our balance sheet and move the company towards revenue and profitability.

We are in on-going discussions with a lithium technology aggregator about the utilization of the SonCav technology to expedite the lithium extraction process with continental brines. They have been finalizing their initial acquisition of a set of lithium patents, the catalyst for moving forward. We are hopeful that they can complete that process soon and we can finalize an arrangement with them.

Last month, we announced the potential acquisition of a battery cell technology that would be utilized in conjunction with the SonCav technology unit. Unfortunately, after diligence, we found we would be unable to use it as planned, so we will not be pursuing that option any further. It is a very interesting technology, but we don't have the resources to make it work in the way we would require.

The testing of the SonCav Oil Unit in Texas was completed in February, and, since then, we have been gathering market feedback on the real-world application potential of the technology. We will be publishing a presentation to our website in the next few days based upon that feedback. The exciting news is that we have received a lot of great feedback regarding the need to heat and circulate oil in many more applications than we had initially anticipated. The ability to retrofit existing operations and bring a mobile solution that provides zero emissions was always nice in theory, but now that we have proven the application, it is great to have people in the industry validate the theory.

I spent last week with the SonCav vendors initiating the design work for the first field-deployable unit, which we hope to have ready to deliver to our first customer later this summer. All of the participants in this process were part of the initial design work for the unit that we have been testing for the past few months, so there is no learning curve involved. The key differences between the testing unit and the future unit are that it must meet code with specific types of coating and pressure settings. We also need the ability to remotely monitor and operate the unit, which is an important step for future commercialization.

We continue to be delayed in the drilling of our well in Pennsylvania due to a delay in financing from other parties. Our funds are on deposit with the driller, but because it is part of a multi-well package, nothing can be done until the other wells have been paid for. This has been a source of a lot of internal frustration and we recently filed a complaint with the Superior Court in Arizona and hope to have some resolution on that dispute shortly. I continue to look at various other oil and gas opportunities and, if any come to fruition, I will certainly be letting you know via releases and 8K filings for the details.

The goal for the company in the coming months is to clearly delineate our business efforts by establishing subsidiary entities to handle each of the industries and applications with which we intend to work, concerning both the SonCav technology and our other interests. I hope that this will not only create greater overall visibility and clarity to our actions and future direction, but eventually will also create greater overall enterprise value to our stake holders.

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 developing the SonCav Technology and the acquisition of oil and gas related assets. Lithium Exploration Group is traded on the OTC PINK 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.

Contact Info

Shanon Chilson

480-641-4790
info@lithiumexplorationgroup.com

SOURCE: Lithium Exploration Group Inc.

 

Lithium Exploration Group Announces Strategic Acquisition of Solaris Power Cells Inc. PESA Energy Storage Technology


Phoenix, AZ / March 20, 2017 - Lithium Exploration Group Inc. (OTCPINK: LEXG) today announced that it has reached a non-binding Memorandum of Understanding (MOU) with Solaris Power Cells Inc. (OTC: SPCL) to license and further develop its PESA™ Energy Storage Technology. The MOU outlines licensing terms for use of the technology as a component of the Ultrasonic Generator package, as well as giving LEXG the right to continue to develop the technology for other applications. The legal documents are being prepared while due diligence is conducted, with the goal of finalizing the agreements on or before May 1, 2017. Lithium Exploration Group intends to expand its engagement of Eric Dix and Innovation Associates to develop a strategy to further the development of this disruptive technology.
 
“This technology provides a truly differentiated way of collecting and storing energy that can be very useful for the Sonic Cavitation Ltd. Ultrasonic Generator’s water application. We intend to use it to capture the energy from the steam released from the generator and reuse that energy to run the unit, potentially generating enough power to run the entire system without outside energy needs,” commented CEO Alex Walsh. “We plan to expand the development of this technology and file patents around the industry applications and core invention so that it can be widely distributed across all industries. The deal we are working on with the team at SPCL will be beneficial to both companies because, once patented, SPCL will receive additional compensation and an ongoing royalty in perpetuity. SPCL has taken the technology as far as it can and we are going to take the baton and continue running to ensure it reaches its full potential.”

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 testing its SonCav Technology and the acquisition of oil and gas related assets in Western Canada. Lithium Exploration Group is traded on the OTC Markets 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.


Contact Info
Shanon Chilson
+1-480-641-4790
info@lithiumexplorationgroup.com
SOURCE Lithium Exploration Group Inc.

 

Lithium Exploration Group to Introduce New Lithium Battery Technology to End Fires and Explosions Like Headset Yesterday on Flight to Melbourne


Phoenix, AZ / March 16, 2017 - Lithium Exploration Group Inc. (OTCPINK: LEXG) today announced that the company has a solution in the works that would put an end to the lithium battery fires made famous by the Galaxy 7 and reiterated in yesterday's headset explosion on a flight from Beijing to Melbourne. The technology is part of a portfolio of patented lithium related technologies to be acquired as part of an overall, comprehensive lithium solution. LEXG announced entering into a $1.2 million contract earlier this year to provide access to is Sonic Cavitation Technology as part of a full spectrum lithium solution ranging from exploration and mining to battery production. The patent portfolio acquisition is now pending legal review and finalization, having been through an intensive technology review.

"It is exciting that the acquisition of the portfolio we have reviewed is almost final. That piece is critical to the next steps in finalizing the licensing contract that we have been discussing for months," commented CEO Alex Walsh. "With the addition of the energy storage technology that we are working on from our end we are in advanced discussions with the IP acquisition partner about an expansion of the original $1.2M contract into a potential JV with our shareholders. We should have a lot more color on this by middle of next week and will update shareholders as details come to fruition."

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 testing its SonCav Technology and the acquisition of oil and gas related assets in Western Canada. Lithium Exploration Group is traded on the OTC Markets under the symbol LEXG.

Website: http://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.

Contact Info
Shanon Chilson
+1-480-641-4790
info@lithiumexplorationgroup.com
SOURCE Lithium Exploration Group Inc.

 

Lithium Exploration Group in Discussions for First Commercial Sale of Sonic Cavitation Ltd. Ultrasonic Generator for Heat Treating of Oil   


Phoenix, AZ / February 28, 2017 - Lithium Exploration Group Inc. (OTCPINK: LEXG) today announced that it is in discussions with an oil and gas producer to take the first commercial order of a Sonic Cavitation Ltd Ultrasonic Generator later this year. The customer was on site last week to witness the latest round of oil testing and their field team has already had follow-up discussions with representatives from LEXG. The customer believes that this technology can reduce its need for chemicals to induce the liquid separation, in addition to potential assistance in tank treating. The current plan is to deploy a skidded package in Q3 to their facility where they will pay per barrel of treated fluid at one of their locations.

"We are excited that they were able to witness the unit in operation last week. They feel that the reduction in chemicals and the reduction in burner use in their treater will be more cost effective than the manner in which they are running their field today," commented CEO Alex Walsh. "There are so many environmental advantages to the way that we propose to treat field oil, but to get the product to market we still need to show that it is economically more efficient than traditional applications. We are initiating the design process right now and intend to build a skid-mounted unit that would be repeatable for other customers and applications."

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 testing its SonCav Technology and the acquisition of oil and gas related assets in Western Canada. Lithium Exploration Group is traded on the OTC Markets under the symbol LEXG.

Website: http://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.

Contact Info
Shanon Chilson
480-641-4790
info@lithiumexplorationgroup.com

SOURCE Lithium Exploration Group Inc.

 

Lithium Exploration Group Ultrasonic Generator Test Results Indicate Potential 1000% Efficiency Improvement Over Conventional Separation Processing   


Phoenix, AZ / February 23, 2017 - Lithium Exploration Group Inc. (OTCPINK: LEXG) today announced preliminary results from testing conducted last week. The Sonic Cavitation Ltd Ultrasonic Generator was configured to evaluate the technology's flow capacity in the heat treating of oil. Extensive analysis of the test results is underway. Preliminary results for heating oil to 160 degrees Fahrenheit at a flow rate of 36 barrels per hour indicates that the Ultrasonic Generator may be as much as 1000% more efficient in the separation of gas and water from oil than the conventional separators that use burner tubes and combustion of natural gas.

The field test results so far indicate that the actual performance of the Ultrasonic Generator is far better than the results featured in a press release on January 26, 2017, which did not measure the volume of oil processed. This test increased the flow of oil through the system and ran at an overall lower temperature, which significantly decreased the power consumption. Traditional heat treaters utilize a burner tube and combustion of natural gas to reach a specific flow and temperature required by the operator. Over time the fire tubes in these treaters lose the efficiency of how they transfer heat to the oil in the tank. Our preliminary research shows that a treater with an older fire tube can lose as much as 65% of its efficiency in heat transfer. This test demonstrated that for an operator utilizing an older heat tube in their treater has the potential to increase in efficiency as much as 1000% and at the same time go to a zero emissions treater.

The increased industry interest in lithium batteries continues to make the Ultrasonic Generator even more valuable in the long-term in regard to its potential for efficiently separating lithium from lithium Brine. However, the revenue potential in the lithium industry is yet to be developed while the revenue potential of the Ultrasonic Generator in the oil industry is likely much more immediate. Accordingly, LEXG will continue developing the potential of the Ultrasonic Generator in both the oil and Lithium battery sectors.

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 testing its SonCav Technology and the acquisition of oil and gas related assets in Western Canada. Lithium Exploration Group is traded on the OTC Markets under the symbol LEXG.

Website: http://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.


Contact Info
Shanon Chilson
+1-480-641-4790
mail to: info@lithiumexplorationgroup.com
SOURCE Lithium Exploration Group Inc.

 

Lithium Exploration Group Validates Over $5 Million in Research Behind Lithium Patent Portfolio Target Acquisition   


Phoenix, AZ / February 13, 2017 - Lithium Exploration Group Inc. (OTCPINK: LEXG) today announced receiving a report authored by Eric R. Dix of Innovation Associates. Mr. Dix is a leading advanced battery technology industry expert engaged to evaluate a targeted portfolio of U.S. Patented Lithium Technologies. The targeted lithium patents are part of a suite of products being evaluated by LEXG in conjunction with a recently announced, comprehensive lithium technology strategy. The cost to develop the portfolio is estimated to be between $5 and $7 million and the highlight of the portfolio is a series of patents that are geared towards solving overcharging issues like those encountered by the Galaxy Note 7.

"The target portfolio is the foundation of the $1.2 million contract we recently announced where LEXG is considering an investment in our client's technology. We wanted to do an independent analysis of their portfolio to ensure that it has legs as we finalize the negotiation of our licensing deal with them," commented CEO Alex Walsh. "Our initial analysis shows that these patents are certainly worth the effort. We are excited to continue our testing this week in Houston which will include a in person demonstration with the group that we are in discussions with about a $1.2M contract."

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 testing its SonCav Technology and the acquisition of oil and gas related assets in Western Canada. Lithium Exploration Group is traded on the OTC Markets under the symbol LEXG.

Website: http://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.

Contact Info
Shanon Chilson
+1-480-641-4790
info@lithiumexplorationgroup.com

SOURCE Lithium Exploration Group Inc.

 

Lithium Exploration Group Announces CapRock Research Analyst Report Update To Include Near Term and Long Term PPS Guidance   


Phoenix, AZ / February 2, 2017 - Lithium Exploration Group Inc. (OTCPINK: LEXG) announced today that CapRock Research has upgraded its Analyst Coverage on LEXG to a speculative ‘buy’ recommendation. CapRock initiated Analyst Coverage on LEXG in early December with an ‘Accumulate’ recommendation. CapRock’s current near-term target stock price guidance for LEXG is $0.012 up from the December near-term guidance of $0.006. CapRock’s current long-term target stock price guidance remains at $0.12.

CapRock’s full 33-page research report on LEXG is available at: www.BUYLEXG.com

LEXG Pending $1.2 Million Contract With Potential $1.5 Million Follow On - LEXG has made substantial business development strides since CapRock initiated coverage. Among other developments, LEXG recently disclosed a pending $1.2 million contract for access to its Sonic Cavitation Ltd. lithium harvesting technology that could lead to an additional $1.5 million in follow on contracts promptly after the execution of the initial contract:
Lithium Mining and Refinement Systems Integration Contract Presentation

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 testing the SonCav Oil Unit and the acquisition of oil and gas related assets. Lithium Exploration Group is a fully reporting company traded on the OTC Markets 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.
Contact Info
Shanon Chilson
+1-480-641-4790
info@lithiumexplorationgroup.com
SOURCE: Lithium Exploration Group Inc.

 

Lithium Exploration Group Announces Online Presentation on Pending $1.2 M Contract and Potential $1.5 Million in Follow  


Phoenix, AZ / January 27, 2017 - Lithium Exploration Group Inc. (OTCPINK: LEXG) today announced the Company has published an online presentation further detailing the recently disclosed a pending $1.2 million contract for access to the Sonic Cavitation Ltd. lithium harvesting technology that could lead to an additional $1.5 million in follow on contracts promptly after the execution of the initial contract:

Lithium Mining and Refinement Systems Integration Contract Presentation

$1.2 Million Contract Overview

The pending contract calls for LEXG's strategic engagement with an integrator of various technologies and services that amount to a turnkey capacity for delivering usable lithium ready for battery production. In addition to explaining in greater depth the contract under negotiation, the presentation discloses further measures LEXG is currently undertaking in conjunction with the contract under negotiation.

Lithium Bull Market Fueled By President Trump

The presentation includes a market-wide perspective on the lithium bull market fueled in no small part by President Trump's Inauguration and some of his recent lithium industry related actions such as his inclusion of Tesla's CEO, Elon Musk on the President's Council of Business Leaders, and the President's demand for the automotive industry to create more US jobs and how increased electric car production might generate those jobs.

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 testing its SonCav Technology and the acquisition of oil and gas related assets in Western Canada. Lithium Exploration Group is traded on the OTC Markets under the symbol LEXG.

Website: http://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.

Contact Info
Shanon Chilson
+1-480-641-4790
info@lithiumexplorationgroup.com


SOURCE Lithium Exploration Group Inc.

 

Lithium Exploration Group Ultrasonic Generator Outperforms Conventional Technologies at a Rate of 2 to 1 In Power Consumption Comparison Test   


Phoenix, AZ / January 26, 2017 - Lithium Exploration Group Inc. (OTCPINK: LEXG) today announced the results of a recent industry comparison test where the power consumption rate of the Sonic Cavitation Ltd Ultrasonic Generator has outperformed convectional oil and gas production heater applications at a rate of 2 to 1. In other words, the Sonic Cavitation Ltd Ultrasonic Generator is twice as efficient as conventional applications. That means the Sonic Cavitation Ltd Ultrasonic Generator emits half as many toxins as the convectional heaters prevalently in use within most natural gas and crude oil production facilities. These test results validate a compelling LEXG value proposition:

Reduced toxic emissions as regulatory pressure mounts
Reduced operational costs, which
pay for the purchase of LEXG's solution to replace the legacy conventional heater, and
improve operating margins in the long run.

Heater Applications in Oil and Gas Production

Heaters are used at oil and gas production facilities to provide thermal energy to key operations essential within the production process. For instance, heaters are used as separators to break chemical bonds in order to harvest specific elements within various compounds. Heaters are typically field gas-fired external combustors and are a source of nitrogen oxides (NOx), carbon monoxide (CO), Sulfur dioxide (SO2), volatile organic compounds (VOC) and particulate matter (PM) emissions.

Oil and Gas Now While Lithium Industry Ramps Up

While LEXG turns its focus toward the exponentially growing demand for lithium to satisfy the battery requirements for consumer electronics, electric cars and power grid storage, a compelling product for the oil and gas industry can only help accelerate a revenue ramp-up while the supporting infrastructure necessary to mine and refine an increased demand for lithium is constructed. The experience and production metrics from applying LEXG's Sonic Cavitation Ltd Ultrasonic Generator to oil and gas separation process can be interpolated to improve lithium production planning and operational implementations.

LEXG CEO Alex Walsh On Comparison Test Results

"These test results are huge," said Alex Walsh, CEO of LEXG. "We have some very smart people behind the Sonic Cavitation Ltd Ultrasonic Generator and these comparison test results are terrific. The test results create a tremendous opportunity for LEXG to make money now in the oil and gas industry and make more money as the lithium industry matures. The test results don't' lie. LEXG's Sonic Cavitation Ltd Ultrasonic Generator is a winner."

About The Comparison Test

The comparison was made utilizing a report published in 2013 by Eastern Research Group (http://www.erg.com) for the Texas Commission on Environmental Quality titled "Upstream Oil and Gas Heaters and Boilers".

In that report they studied each of the major basins in Texas and gathered heater fuel usage data compiling it by each basin and statewide. The comparison breaks down the Ultrasonic Generator power consumption down to the kWh usage to heat one barrel of oil one degree during our testing and used an industry estimate of a 100 degree increase in crude production to properly effect the heat treatment. The initial findings are that on a statewide basis the mcf to kwh consumption of traditional burner applications requires twice as much energy to heat one barrel of oil one degree. Specific to the Eagle Ford basin the comparison is close to 3 times more efficient which was analysis covering over 23 million barrels of treated oil.

LEXG and their partners at Sonic Cavitation Ltd have already reached out to operators in all of these basins to gather specific burner consumption throughput data to compare these findings. The company is planning to continue to improve the flow rates and system configuration and believes that their power consumption data will improve over time as the unit gets closer to field deployment.

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 testing its SonCav Technology and the acquisition of oil and gas related assets in Western Canada. Lithium Exploration Group is traded on the OTC Markets under the symbol LEXG.

Website: http://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.

Contact Info
Shanon Chilson
+1-480-641-4790
info@lithiumexplorationgroup.com

SOURCE Lithium Exploration Group Inc.

 

LEXG – Lithium Exploration Group Presents Technology To Increase Lithium Supply At Reduced Cost As Tesla Flips Switch on Gigafactory   


Phoenix, AZ / January 5, 2017 - Lithium Exploration Group Inc. (OTCPINK: LEXG) today released an online, on demand presentation detailing the Company’s refinement and augmentation of an existing, in-house proprietary technology solution intended to reduce the cost of harvesting lithium while at the same time accelerating the delivery of lithium to a raw lithium constrained battery market. The rollout of LEXG’s updated technology solution coincides with Tesla’s production launch of its new Gigafactory for producing electric car batteries to meet its own high demand in a market otherwise not capable of meeting Tesla’s car battery requirements. Tesla’s Gigafactory illustrates a market wide demand for an increased supply of raw lithium.

Credit Suisse has published research that suggests multiple small lithium brine harvesting operations may present a CAPEX and return on investment (ROI) scenario more attractive to investors than backing a single large scale mining operation.

The presentation published today details LEXG’s strategy to create a unique ROI opportunity for its shareholders by offering a cornerstone technology solution especially valuable to the Credit Suisse anticipated proliferation of small-cap lithium brine harvesting companies.

FOLLOW THE LINK HERE TO VIEW THE ONLINE PRESENTATION (https://www.buylexg.com/)

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 testing its SonCav Technology and the acquisition of oil and gas related assets in Western Canada. Lithium Exploration Group is traded on the OTC Markets 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.

Contact Info
Shanon Chilson
480-641-4790
info@lithiumexplorationgroup.com

Source:  Lithium Exploration Group

 

Lithium Exploration Group (LEXG) Develops Cornerstone Solution For Small Cap Lithium Market Boom Anticipated By Credit Suisse  


Phoenix, AZ / January 4, 2017 - Lithium Exploration Group Inc. (OTCPINK: LEXG) today announced plans to deploy a proprietary technology solution expected to substantially improve the internal rate of return (IRR) and margins of lithium harvesting operations. The capital expenditures (CAPEX) to harvest lithium brines are exponentially less than the CAPEX required to mine lithium from hard rock. The time from exploration to the delivery of usable lithium is substantially shorter when harvesting lithium from brine than when mining lithium from hard rock. The earths supply of lithium is vast, but not conveniently contained within concise geographical confines. Credit Suisse has published research that suggests multiple small lithium brine harvesting operations may present a CAPEX and return on investment (ROI) scenario more attractive to investors than large scale mining operations:

"Lithium brine deposits typically outperform hard rock and clay lithium sources on cost, sustainability and permitting. This gap is becoming more pronounced when we take into account technological advancements in brine processing....even though lithium is relatively abundant, it's the 33rd most common element its very diffuse throughout nature, meaning that collecting and concentrating it is a very difficult task."

Tomorrow, January 5, 2017, LEXG will release a on online presentation, available on demand, providing a detailed overview on the Company's development of a proprietary technology solution to dramatically improve lithium harvesting operational efficiencies by both reducing harvesting time frames and improving extracted lithium purity.

The foundation of LEXGs proprietary technology solution is built on the Company's experience with triggering a hyper-purification phenomenon from the application of mechanical ultrasound to induce controlled cavitation. The controlled cavitation technology, developed by LEXGs partner, Sonic Cavitation Ltd., has been tested in the purification of oil field wastewater. The technology can also separate lithium from brine. LEXG is now engaged with Sonic Cavitation to refine the application of the cavitation technology specifically for the lithium industry.

LEXG is also actively negotiating the acquisition of additional related lithium refinement technologies to augment the cavitation technology. The presentation to be published tomorrow, January 5, 2017 will highlight LEXGs strategy to create a unique ROI opportunity for its shareholders by offering a cornerstone technology solution especially valuable to the Credit Suisse anticipated proliferation of small-cap lithium brine harvesting companies.

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 testing its SonCav Technology and the acquisition of oil and gas related assets in Western Canada. Lithium Exploration Group is traded on the OTC Markets 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.

Contact Info

Shanon Chilson
480-641-4790
info@lithiumexplorationgroup.com

Source:  Lithium Exploration Group

 

Lithium Exploration Group Prepares For 21 Percent Anticipated Growth In Lithium Battery Market Next Year In Sector Named By Goldman Sachs As The New Gasoline  



LEXG – CapRock Research Issues ACCUMULATE Recommendation with $0.006 Near Term and $0.13 Long Term PPS Guidance 


Lithium Exploration Group Disruptive Ultrasonic Cavitation Technology - Changes Lithium Production
 

Phoenix, AZ / December 28, 2016 - Lithium Exploration Group Inc. (OTCPINK: LEXG) announced that it has established itself as an early adopter of a disruptive technology within the burgeoning lithium industry. Lithium Exploration Group has partnered with Sonic Cavitation Ltd to test and commercialize a proven lithium extraction technology that is anticipated to make the Lithium Exploration Group a recognized brand name in the rapidly evolving and expanding lithium industry. Goldman Sachs has labeled the ‘lithium battery’ as the ‘new gasoline’ with lithium battery sales expected to grow by 21% next year as a result of the growing demand from both the electric car market and the consumer electronics market.

CEO Alex Walsh updates shareholders on company activities:

As we transition into 2017, it is important to update the market on our strategic planning for 2017. This month we completed the independent validation testing of the Sonic Cavitation Ltd oil unit. We have been testing the unit ourselves since August, but recently brought in two independent groups to take samples and witness the power consumption, temperature increase, and other operational variables of the unit. Along with our partners at Sonic Cavitation Ltd, we are now ready to start showing those performance results to potential customers and start to customize a solution for their specific needs.

This execution will be part of our ongoing activity, but it is also important to note that we are still very focused on utilizing the technology for lithium extraction. In the very near future our partners at Sonic Cavitation Ltd will begin to initiate the testing of brine and other salt water feedstock and begin collecting performance data on the flash evaporation of suspended solids. Obviously this application can be used for water purification and other industrial purposes, but we will be very focused on how it can be used in the mining industry specific to the expedited extraction of lithium from brine.

We have had a lot of inbound calls and emails from our shareholders and companies in the mining industry about when we will be able to bring this to their market and our answer is – soon. Certainly they will need to be patient as we conduct testing of various brines, but we know that we will be able to bring them a solution very soon in the same way that we are bringing the oil unit solution to the energy industry.

The lithium industry is positioned to boom over the next three decades as hybrid vehicles continue to gain market share and as companies like Tesla turn their attention to the much-needed bulk energy storage application for massive rechargeable lithium batteries. Presently the most economical way to extract lithium is from shallow brine in arid climates where the producers use solar evaporation to turn the brine into a moist cake. That process takes almost 18 months to get lithium carbonate to market. Our hope is to be able to show producers that, with this technology, they can produce that same moist cake byproduct in other geographies and in other climates. This dewatering step is critical for the entire industry and we plan to explore joint ventures with companies that are close to producing lithium and will look to sell units to other operators, just as we are poised to do in the oil and gas industry.

We have the exclusive distribution rights to this technology for the mining industry in Canada and plan to exploit that as much as possible.

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 testing its SonCav Technology and the acquisition of oil and gas related assets in Western Canada. Lithium Exploration Group is traded on the OTCPINK 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.

Contact Info
Shanon Chilson
480-641-4790
info@lithiumexplorationgroup.com
 

Source:  Lithium Exploration Group, Inc.

 

-------------------------------------------------------------------
About Lithium Exploration Group, Inc.:


THE COMPANY:
Lithium Exploration Group is a US-based exploration and development company focused on the acquisition and development potential of assets in Alberta, Canada that demonstrate high probability for near-term profitability. Currently, the company‘s priorities are:

- Testing the Ultrasonic Generator Technology
- Acquiring oilfield waste disposal assets
- Acquiring profitable oil and gas assets

Lithium Exploration Group is a fully reporting company traded on the OTCPINK under the symbol LEXG.

Assets

Our disposal business is focused on providing exceptional customer service to local oil and gas operators while holding to the highest regulatory and environmental standards in order to ensure that we are good stewards to the industries we serve and to the Province of Alberta. We have implemented modern technologies to track all of our activity and that of our customers, thus ensuring accurate billing and record keeping for all disposal types. We plan to operate our facilities as smaller independent operations with the added benefit of significant institutional resources. This will allow our facilities to be price competitive with larger disposal companies while providing a level of service that they will be unable to match.

Technology

In 2011, Lithium Exploration Group invested in the development of an Ultrasonic Technology to assist in separating suspended solids from brine water. The technology is based around a transportable ultra-sound reactor using patented technology.

Successful testing in the first quarter of 2014 has enabled Lithium Exploration Group to bring this technology to Western Canada for numerous applications in the oil & gas and mining industries. This technology is viewed as a game-changer in its ability to provide lower cost, low energy solutions to many pre-existing processes within these industries.

The Ultrasonic Generator (single base unit) can desalinate water at a rate of 25-35 cubic meters per hour. The two discharge streams are distilled water and marketable minerals (flow rates will vary depending on the salinity level of the input stream).

The Ultrasonic Generator also has the ability to upgrade crude oil. A single Ultrasonic Generator can upgrade crude oil into high quality, high value light petroleum products. Flow rates for crude oil (single base unit) are 25 tons per day (approximately 150 barrels of oil per day).

General Advantages of the Ultrasonic Generator Include:

• Greatly reduced capital cost. Conventional treatment methods (such as heated boilers, filtration systems such as reverse osmosis, ion exchange) are all extremely capital intensive as is conventional crude oil upgrading. The Ultrasonic Generator is able to manage these processes at a significant discount to comparable technology costs.

• Small & scalable footprint. The unit has a small and its design allows it to be tailor-scaled for different sized applications as well, therefore allowing greater customization and operational flexibility.

• Greatly minimized energy input. The Ultrasonic Generator holds a tremendous advantage over all conventional comparable technologies, regardless of application. The single unit, comprised of a patented ultrasound reactor used in conjunction with the cavitation process, allows for previously unobtainable energy savings.

• Versatility and Ease of Transport. The unit can be easily transported due to its small footprint and can be repositioned accordingly to meet changing business needs (eg. repositioned to another battery or location).

Hydrocarbon Upgrading Applications

The Ultrasonic Generator’s ability to upgrade heavier crude into lighter petroleum products on-site offers many cost saving and revenue-boosting opportunities for oil & gas producers.
• Crude Oil Treating & Upgrading. Existing treaters and separators knock out water and most solids. However, they cannot improve the quality (eg. API) of crude oil and cannot reduce H2S content.

Conventional upgraders are both extremely capital intensive and based upon a principle of large scale, whereas the Ultrasonic Technology can upgrade crude oil at a fraction of the capital cost and is ideal for use within smaller fields or batteries. The units are also designed to be scalable to requirements, allowing for tailored solutions for specific oilfield volume upgrading requirements.

Furthermore, this technology can be applied to all types of crude typically produced in Western Canada – heavy, medium, and light oil. Heavier crude oil is upgraded on-site into lighter petroleum products, resulting in lower processing costs and higher product revenues.

The Ultrasonic Technology is also valuable from a risk management perspective. The ability to ship only lighter petroleum products will remove the pricing risk posed by product grade related differentials; as the resulting lighter products will be similar in quality as world recognized benchmarks such as WTI, only pricing differential risk due to originating shipping location (transportation/pipeline congestion) will exist.

• Oilfield Waste Management Facilities. The Ultrasonic Technology can be used in conjunction with oilfield waste management facilities, including disposal wells, to upgrade skim oil. This again results in higher revenues and lower processing costs for the facility.

• Product Transportation Optimization. Transportation can be one of the costliest components of a producing company’s operations, especially in the case of heavier crude oil. Pipeline capacity and availability is always keyed towards giving priority to lighter petroleum products. The Ultrasonic Generator’s ability to upgrade on-site allows producers to reduce their transportation costs since the resulting lighter products will almost invariably be closer to accepting infrastructure.

• Possible Light Product Capabilities. The Ultrasonic Generator offers the possibility to upgrade crude oil on-site into useable fuel-grade products. This can serve to further reduce a producer’s operating costs, especially in remote locations where considerable transportation costs may be associated with procuring such products.

Water Treatment Applications

The Ultrasonic Generator’s by-products are clean water (or steam) and marketable minerals, all of which can contribute valuable revenue streams. Various tailored fluids can also be synthesized for use in the oil and gas industry.

Water

• Water Treatment & Recycling. Saline water resulting from industrial mining (including oil sands) can be treated and recycled into clean water to be re-used in various plant processes. Traditional processes require much larger footprints, capital costs, and energy usage.

• Water Sales & Purification. The clean water by-product is suitable as a saleable commodity. In the case that the Ultrasonic Generator is being used at a remote location where transport costs could make any clean water sales uneconomic, the purified clean water can be safely returned to the environment.

Steam

• SAGD. Steam is a by-product of any desalinization process using the Ultrasonic Technology and can therefore be used in conjunction with a SAGD process in the oil sands. The key advantage offered by this technology over conventional steam generation processes is the extremely low energy input needed to generate required quantities of steam.

• Power Generation. The steam by-product created by the Ultrasonic Generator can also be used to generate electricity by propelling steam turbines. Once again, low energy input and scalability are significant advantages over any existing technologies on the market.

Marketable Minerals

• Recovery of Marketable Minerals. Dissolved minerals such as Li, CaCl, KCl, MgCl, NaCl, I, and Br can be successfully separated from brine or other solutions using the Ultrasonic Technology.

Other

• Tailored Fluids. Numerous types of fluids can be synthesized using the Ultrasonic Technology, including those required for voidage, formation stabilization, water flood, EOR, fracking, and other special applications.

.SOURCE: http://lithiumexplorationgroup.com/




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This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.