PHOENIX, AZ, United States, via ETELIGIS INC., 06/16/2015 – – Lithium Exploration Group Inc. (OTC Pink: LEXG) (PINKSHEETS: LEXG) announced today that testing of the SonCav Oil Unit is going well. The SonCav team has now achieved significant heat increases with both the water and oil generators. After stress testing is complete, the SonCav Generator pump for oil is being skid mounted to the full Oil Unit package. The full Water Unit will continue under its planned 60-day stress testing, data collection and independent 3rd-party verification.
“We are excited to finally be at this stage that has been months and years in the works of testing the oil and water units and are on the path to commercialization of both,” commented CEO Alex Walsh. “There is a video for public consumption posted on you tube of the steam billowing out of the unit in Dallas. The video is raw footage; SonCav should be posting a professionally edited version soon. Stay tuned because the next few months should be very exciting for all of us. I will be working on an Annual Shareholder Letter to provide more information on testing and a macro update on the state of the company in the next few weeks.”
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.