Lithium Exploration Group Updates Shareholders on Oil Unit
Progress
Phoenix, AZ -- September 15, 2015 -- InvestorsHub NewsWire --
Lithium Exploration Group Inc. (OTCPINK:
LEXG) updated shareholders today about progress with the oil
unit. After stress testing the water unit, the team in Dallas has
determined that the seals in both units should be upgraded. The
parts have already been ordered and both units are ready for
installation. Once that is complete, the plan is to move the oil
unit immediately to the field for installation and further
testing.
We have our initial drawings complete and are already working on
gathering all of the parts to prepare the oil unit for testing upon
its arrival. Dr. Glotov will oversee the final assembly and approve
the initial testing procedures, commented CEO Alex Walsh. With oil
prices continuing to stay under $50/bbl, producers in Canada are
eagerly looking for ways to increase the value of their production,
and this technology has the ability to do just that. We should have
relevant field data to be able to provide to the markets in Q4. Our
relationship with the team at SonCav has never been stronger. We
continue to have full confidence in the technology and its future
deployment.
Initial testing videos and testimonials about the technology can
be found on Sonic Cavitations YouTube channel or by following this
link.
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