Lithium Exploration Group Announces Laboratory Results from Initial Testing

PHOENIX, AZ / ACCESSWIRE / August 31, 2016 / Lithium Exploration Group Inc. (OTCPINK: LEXG) announced today that it has received the initial testing results from the laboratory. The results showed a 10% increase in the API of the oil and reduction of BSW content to below 1% for the sample from the middle of the testing vessel. The lightest oil in the top of the testing vessel had a 50% increase in the API with zero BSW. These results came from the initial testing program on August 17 and 18. The facility in Houston is adding a circulation system and tankage so that the testing program can run for an extended period of time with more volume. The next testing will not take place until after the Labor Day holiday when all of the modifications are complete.

“We are extremely encouraged by our initial data. We are reviewing that data with our partners at SonCav and will prepare for extended testing after the holiday,” commented CEO Alex Walsh. “We are taking it one step at a time and wanted to ensure that everything worked as we intended it to before engaging in a much longer testing program. We will be providing continued updates as they become available but will not be sharing any more specific data until a later date when we have more inputs and have 3rd party verification of the results.”

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 OTC Markets 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.

Contact Info

Shanon Chilson
480-641-4790
info@lithiumexplorationgroup.com

SOURCE: Lithium Exploration Group Inc.

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