Lithium Exploration Group
CEO Discusses Ongoing Operations
and Strategy in
April Letter to
Shareholders
Phoenix, AZ -- April 3,
2018 -- InvestorsHub NewsWire -- Via OTC PR Wire -- Lithium
Exploration Group Inc. (OTCPINK:
LEXG) CEO Alex Walsh updates shareholders on company
activities.
Dear
Shareholders,
We've closed the books on
the first calendar quarter of 2018 and are looking to finish strong
in the final quarter of our fiscal year, ending June 30, 2018. I
have a very simple goal for the company this quarter: to finalize
the royalty conversion at the White Top field. This will set us up
to be able to function without any external capital, with the goal
of presenting a positive earnings number in FY2019. The ability to
self-finance our overhead and growth projects, like Blockchain and
a SonCav sales force, will provide LEXG the foundation to become a
dynamic technology development company.
As discussed last month, we
are going through a number of internal structuring pieces to
rebrand our future efforts and provide clarity to the markets on
who we are and what we are trying to accomplish. Our Blockchain
efforts in the oil and gas industry are still going forward but we
are not spending any money on those efforts until after the royalty
acquisition is completed. We are budgeting and getting all of the
pieces in place for that effort and will look to partner with a
couple of external companies to create the Blockchain marketplace
that we will manage. Look for weekly updates from us on a number of
fronts for the next month or so as all of these moving parts come
together.
Oil has continued to
stabilize above 60 even in the highly volatile domestic stock
market which I see as a great sign for the stability of that market
and cash distributions from our project in
Louisiana.
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 SonCav
Technology and the acquisition of oil and gas related assets.
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