SCOTTSDALE, AZ-- December 16, 2013 - Lithium Exploration Group Inc. (OTCQB: LEXG) announced today that it has come to a verbal agreement that could lead to the acquisition of three new waste disposal facilities in Western Canada. Management of Alta Disposal and another company met on Friday in Calgary, and they agreed upon terms whereby Alta Disposal will operate three Class 1b disposal facilities (two in Alberta and one in British Columbia) beginning January 1, 2014 and will have the option to purchase the facilities in the future, assuming the assets fit into the long-term strategy and pass environmental due diligence. Once executed, these agreements will be found in Form 8K at www.sec.gov.
"We are excited about the opportunity to run these facilities and eventually bring them under Alta Disposal ownership. We have already assembled a sales team and back office to handle multiple facilities," commented CEO Alex Walsh. "Our initial disposal revenue in Morinville will begin this week; we are set to close on Tero in January, and now have three additional facilities to sink our teeth into. 2014 is shaping up to be a banner year for Alta Disposal, Lithium Exploration Group, and our shareholders."
About Lithium Exploration Group
Lithium Exploration Group is a US-based exploration and development company focused on the acquisition and development potential of lithium brines and other precious metals that demonstrate high probability for near-term production. Currently the company is focused on its Western Canada lithium assets, testing its Ultrasonic Generator Technology and the acquisition of oil and gas related assets in Western Canada. Lithium Exploration Group is a fully reporting company traded on the OTCQB under the symbol LEXG. Website: www.lithiumexplorationgroup.com.
Safe Harbor Statement
This news release contains "forward-looking statements." Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future testing of the ultrasonic technology.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of lithium prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.
Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
SOURCE: Lithium Exploration Group, Inc.