SCOTTSDALE, AZ – March 10, 2014 -- Lithium Exploration Group Inc. (OTCQB: LEXG) announced today additional successful testing of the Sonic Cavitation Ultrasonic Generator in Houston, TX, this past Friday, March 7, 2014. The prior round of successful testing was completed on February 12, 2013, in Houston.
The Ultrasonic Generator was run for 3.5 hours without mechanical or power related issues. Cavitation reaction was again controlled, with increases in temperature from an initial 50°F, quickly to 212°F (the temperature for changing the state of liquid), and well beyond. "We were able to create 50 times the amount of steam produced in our February testing, utilizing a maximum of 38% of the generator motor's power, reaching a high of only 23KW of energy," noted Dr. Victor Glotov, the inventor of the technology, who personally led last week's testing.
"We are obviously thrilled at the continued successful testing. In February, our friends at Sonic Cavitation proved the concept of a controlled cavitation reaction in the United States, and we at LEXG were directly involved in making that happen. With this latest testing, we are informed that several major international players in the oil & gas and water industries were present, wanting to experience the technology first-hand," commented CEO Alex Walsh. "We now look forward for bringing our first field-testing unit to Canada in short order under our existing agreement for Unit acquisition."
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.