SCOTTSDALE, AZ – February 18, 2014 - Lithium Exploration Group Inc. (OTCQB: LEXG) today announces completion of initial testing of the Sonic Cavitation Ultrasonic Generator located in Houston, TX. Initial component testing began in early January and fully-assembled unit testing finished successfully last Wednesday. Here is a link to a video showing the testing of the Ultrasonic Generator which can also be found on our website at www.lithiumexplorationgroup.com.
Lithium Exploration Group's team spent the final week of preparation for testing at Sonic Cavitation's facilities in Houston. (Sonic Cavitation recently acquired technology rights from the technology's inventor, Dr. Victor Glotov.) The Sonic Cavitation Ultrasonic Generator was successfully run for five and a half hours without any mechanical or power-related issues. It was able to control the cavitation reaction and increase the temperature of the water from 50 to 278 degrees Fahrenheit which is far in excess of the required heat to evaporate water as the unit is designed to do.
"We have been working for almost three years to be able to report to our shareholders that we have successfully run the ultrasonic generator and proven the concept of a controlled cavitation reaction. A decision will be made quickly about how much more water testing will take place in Houston, before locating a unit in Canada for testing of oil upgrading capabilities," commented CEO Alex Walsh. "We have made great strides to build this business into a multifaceted operation with many growth opportunities and are so appreciative of all of our shareholders for their patience and support."
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.