LEXG to Acquire Alberta Water Disposal Facility to Ramp Up Lithium Extraction Activities: Adds Potential $200K to Top-line

LEXG to Acquire Alberta Water Disposal Facility to Ramp Up Lithium Extraction
             Activities: Adds Potential $200K to Top-line Growth

PR Newswire

SCOTTSDALE, Ariz., May 8, 2013

SCOTTSDALE, Ariz., May 8, 2013 /PRNewswire/ --Lithium Exploration Group
(OTCQB: LEXG.OB) announced today that on May 6, 2013, it executed an LOI to
acquire a water disposal facility near Edmonton, AB from Excel Valley
Petroleum. The facility is not presently in operation but is a licensed
disposal facility with the Alberta government and will require minimal capital
expenditure to achieve profitability. Using prior historical disposal
production, the primary disposal well, once operational, will produce more
than $200,000 in profits per year to the company. It also will provide a
facility in which to continue work on the extraction of lithium and potassium
from mineral-bearing brine controlled by Lithium Exploration Group.

"We are an exploration company invested in the exploration of lithium-bearing
brines in Alberta. The acquisition of oil and gas assets, along with this
disposal facility, will bring us revenue and infrastructure to continue our
exploration efforts, at the same time providing income to pay for those
expenditures." said Alex Walsh, CEO. "In my opinion, there are very few
junior mining companies with the ability to fund both operations and
exploration efforts through company revenue without dilutive financings. For
this reason I'm really pleased to be able deliver this alternative to our
shareholders and investors."

The Company and its attorneys are expeditiously completing all due diligence
with the expectation of closing by corporate year-end June 30, 2013. Details
of all of the transactions announced in previous weeks will be disclosed in 8K
filings upon completion.

About Us
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 property.
Lithium Exploration Group is a fully reporting company traded on the OTCBB
under the symbol LEXG. Website: www.lithiumexplorationgroup.com. Lithium
Exploration Group is also on Facebook, LinkedIn and Twitter @LEXG_OTCBB.

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, including but not limited to the completion,
testing, transportation, and final installation of the unit.

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
or
Tom Nelson
480-326-8577
info@lithiumexplorationgroup.com

SOURCE Lithium Exploration Group

Website: http://www.lithiumexplorationgroup.com
 
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