SCOTTSDALE, AZ-- January 9, 2014 - Lithium Exploration Group Inc. (OTCQB: LEXG) announced today that, once demonstration testing for water purification is completed in Houston, TX, a demonstration of the technology's oil upgrading capabilities will take place at one of Lithium Exploration Group's disposal facilities in Canada.
"This technology's application for hydrocarbon upgrading has a huge addressable need both in the US and in Canada," commented CEO Alex Walsh. "Our partners at GD Glottech International Ltd. have decided to carry out this next phase of the testing in Canada because our disposal facilities already deal with oil as it is skimmed from the waste water. We have the required regulatory approvals, insurances, and facilities to test the hydrocarbon capabilities, which makes it a great place to test in a private and controlled environment."
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.