PHOENIX, AZ, United States, via ETELIGIS INC., 06/10/2015 – – Lithium Exploration Group Inc. (OTC Pink: LEXG) (PINKSHEETS: LEXG), announced today that reassembly of the oil unit in Spring, TX has been completed. The unit will immediately be shipped to Dallas, TX where it will be stress tested alongside the water unit that is already undergoing internal testing. While the unit is in Dallas it will undergo initial construction that is required before sending it to the field in Alberta. Pictures of the water unit are already up on the company’s website and pictures of the oil unit will be posted over the next few days.
“We are glad that the reassembly has been completed. The unit is being sent to Dallas before it goes into the field because we want to get performance data from it as soon as possible and streamline some of the construction required before sending it to the field,” commented CEO Alex Walsh. “The water unit has been in internal stress testing for 4 weeks now and has produced good results. They have generated the heat increases required to flash evaporate water and are presently tinkering with some of the componentry involved in the process to gather more performance data. None of the data will be released to the public until they have an independent testing firm on site to verify and validate their performance results. It is a very exciting time to be in the water and oil technology business and we look forward to what the future will bring to our company, our partners at SonCav, and our shareholders.”
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.
SOURCE: Lithium Exploration Group Inc.