LITHIUM EXPLORATION GROUP CEO DISCUSSES OIL UNIT TESTING
IN HOUSTON
August 17, 2016 -- Phoenix, AZ / Lithium Exploration Group Inc.
(OTCPINK:
LEXG) CEO Alex Walsh updates shareholders on company
activities.
Dear Shareholders,
I want to update you on the current situation with the testing
of the oil unit. I am presently here in Houston with my team to get
things ready to go. As you may be aware, this part of the world has
been under heavy rain for the past week and, although it is messy,
it has not presented any major delays.
Beginning today, we will be initiating a four- to six-week test
run here at the facility where the unit was assembled. They have
plenty of space to accommodate us and it is great to be at this
location in case we want to make some minor changes to the piping
arrangement or add testing ports to the unit as we continue our
work.
As you will recall, we successfully tested this unit with fresh
water last summer; then, after replacing some of the seals with
higher grade material, we focused our efforts and collaboration
with our partners at SonCav on building a skid and assembly to
properly test the ultrasonic generators performance in processing
oil. After some months of design and discussion and another few
months of delayed filings, we are finally ready to begin. Yesterday
we had everything hooked up running the motor and drive to ensure
proper rotation and amperage. Today we will fill the unit with oil,
connect the motor to the generator, and initiate testing.
I want to make sure I set expectations appropriately on what we
are doing and why: We are working with a potentially game-changing
technology that can revolutionize the way independent oil operators
process their crude oil, but we are not trying to solve the
industrys problems tomorrow. We will be running the unit today and
tomorrow then we are going to gather the data and communicate with
Dr. Glotov about our findings. We will be back on site here the
week of August 29th and plan to initiate daily testing consistently
during the month of September.
Our initial testing in the next few days is going to be
concentrated on flow rates, rpm, power usage, and performance. We
will be taking samples of the oil so that we can have a baseline of
what is happening, but we will not be aggressively running things
right out of the gate. As we get more comfortable with the moving
parts of the ultrasonic generator, testing vessel, and overall
flow, we will begin to run up the speed of the unit and find the
most efficient output range.
Once the initial testing is complete we will confer with our
partners at SonCav about the best path with this unit and hope to
have enough data by then to start taking orders for customized
units to build for specific needs that customers will have.
We will be providing updates via press releases and social media
throughout the testing process.
Sincerely,
Alex Walsh
CEO
Lithium Exploration Group
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 testing its Ultrasonic Generator Technology
and the acquisition of oil and gas related assets in Western
Canada. Lithium Exploration Group is traded on the OTCPINK 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