PHOENIX, AZ, United States, via ETELIGIS INC., 04/30/2015 – – Lithium Exploration Group Inc. (OTC Pink: LEXG) (PINKSHEETS: LEXG), announced today that technology partner SonCav completed the assembly of their water treatment unit in Dallas on Tuesday. They plan to initiate internal testing next week and make have demonstrations for their stakeholders and strategic partners to take place on May 14th and 15th. After those demonstrations have taken place they will stress test the unit internally for 30 days with the data collection taking place by an independent third party so they can publish their data to prospective customers.
“We are excited for the upcoming demonstration and testing schedule. The SonCav team and their manufacturing partner have been working tirelessly to bring this unit to where it is today,” commented CEO Alex Walsh. “We congratulate them on their work and look forward to the data that they can produce that will assist in bringing this disruptive technology to the market. The Soncav/LEXG team should have the oil treatment unit up and ready to test in the next handful of weeks with the goal of providing parallel testing results to the water unit. It should be an exciting few months ahead.”
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: http://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.