SCOTTSDALE, AZ – February 20, 2014 - Lithium Exploration Group Inc. (OTCQB: LEXG) today announces that Alta Disposal's Morinville Facility has clarified approvals to resume acceptance of waste streams that were approved at the facility under the prior operator. This allows the facility to accept more forms of liquid waste because up to today the facility has only been disposing of produced water from oil and gas production.
Some of these other forms of liquid waste are: fluids generated from tank and floor washing in chemical plant operation, fluids generated from tank washing of bulk carriers, and fluids generated from washing of upgrading and refining plant equipment. These fluids command variable, but considerably higher price to dispose of than traditional produced water. Confirmation of the ability to handle a wider variety of fluids is expected in the very near future.
"These new product offerings will expand our reach in the region and give us a lot more flexibility in dealing with potential customers," commented CEO Alex Walsh. "Alta Disposal's goal as a company is to provide exceptional customer service and competitive pricing in the market. That combination along with the technological advantages that we bring will make us a formidable competitor in the multibillion dollar waste disposal industry."
About Alta Disposal
Alta Disposal is a wholly owned subsidiary of Lithium Exploration Group. Its corporate offices are in Calgary, Alberta and it holds the company's interest in oilfield disposal facilities in Western Canada. More information about Alta Disposal can be found at www.altadisposal.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 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.