Lithium Exploration Group Explores Expanded Oil and Gas Opportunity

November 29, 2016 - InvestorsHub Newswire - Phoenix, AZ - Lithium Exploration Group Inc. (OTCPINK: LEXG) announced today that it is exploring an expanded role in the McKean County oil and gas project. The company has already funded one well, which is to be drilled, but there are two other wells, which were required to be funded by another group, before drilling can begin. Due to the other groups inability to fund the final two wells, Lithium Exploration Group has the opportunity to take control of the additional wells.

We are in an interesting position: the inability of one group to fund their wells has unexpectedly caused a gift to fall in our lap. This is an amazing opportunity caused by the distress in the oil markets, commented CEO Alex Walsh. Two years ago, and two years from now, this type of investment would have been significantly more expensive. I have been in discussion with a few different funding sources that have interest, pending an independent engineering analysis of the project. I hope to have that process complete by the end of this week. This is a significant opportunity for LEXG.

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 the SonCav Oil Unit 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