Lithium Exploration Group Announces Speculative BUY
Recommendation with $0.015 Near Term and $0.12 Long Term PPS
Guidance
February 2, 2016 - Phoenix, AZ - InvestorsHub NewsWire -
Lithium Exploration Group Inc. (USOTC:
LEXG) announced today that CapRock Research has upgraded its
Analyst Coverage on LEXG to a speculative
"buy" recommendation. CapRock initiated Analyst
Coverage on LEXG in early December with an
Accumulate recommendation. CapRocks current near-term target stock
price guidance for LEXG is $0.015 up from the
December near-term guidance of $0.006. CapRocks current long-term
target stock price guidance remains at $0.12.
CapRocks full 33-page research report on LEXG is available
at:
www.BUYLEXG.com
LEXG Pending $1.2 Million Contract With Potential $1.5
Million Follow On
LEXG has made substantial business development strides since
CapRock initiated coverage. Among other developments, LEXG recently
disclosed a pending $1.2 million contract for access to its Sonic
Cavitation Ltd. lithium harvesting technology that could lead to an
additional $1.5 million in follow on contracts promptly after the
execution of the initial contract:
Lithium Mining and Refinement
Systems Integration Contract Presentation
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.