Lithium Exploration Group to
Resume Testing of Oil Unit
September 8, 2016 - Phoenix, AZ - Lithium Exploration Group Inc.
(OTCPINK:
LEXG) announced today that it will resume testing of the oil
unit in Houston, Texas on Monday September 12, 2016. The team there
have made some modifications to the piping and circulation system
to allow for a larger batch of feedstock. This system will allow
for a longer run time at higher speeds. Testing will go on all week
at different speeds and circulation to gather data on
performance.
The initial testing went fantastically. We are looking forward
to expanding our testing and data collection next week, commented
CEO Alex Walsh. The testing of the oil unit is timely for the oil
and gas industry because all smaller operators are looking for any
way to cut costs and increase the value of their oil.
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 testing its Ultrasonic Generator
Technology and the acquisition of oil and gas related assets.
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