SCOTTSDALE, AZ, Sep 17, 2013 - On Tuesday, September 17, Lithium Exploration Group Inc. (OTCQB: LEXG) updated shareholders on progress at its Morinville disposal facility. The well integrity testing has been completed, and bids for the site work required to resume operations are expected to arrive this week. The goal is to complete all work at the facility in the next few weeks. Initial discussions are taking place with local operators who could send produced water to the facility, and these conversations have so far been positive.
"The operator and our partners at Blue Tap are doing a great job of managing the process. Our plan today is to fund the second tranche of the acquisition this week and complete the acquisition mid-October," commented Alex Walsh. "Everything so far has gone according to plan, and we are excited to see the facility resume revenue generating operations in short order."
About Lithium Exploration Group
Lithium Exploration Group is a US-based exploration and development company focused on the acquisition and development potential of lithium brines and other precious metals that demonstrate high probability for near-term production. Currently the company is focused on its Western Canada lithium assets, testing its Ultrasonic Generator Technology and the acquisition of oil and gas related assets in Western Canada. Lithium Exploration Group is a fully reporting company traded on the OTCQB under the symbol LEXG. Website: www.lithiumexplorationgroup.com.
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Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.
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SOURCE: Lithium Exploration Group, Inc.