Lithium Exploration Group Acquires Class 1A Waste Disposal Facility in Alberta

Lithium Exploration Group Acquires Class 1A Waste Disposal Facility in Alberta

PR Newswire

SCOTTSDALE, Ariz., June 12, 2013

SCOTTSDALE, Ariz., June 12, 2013 /PRNewswire/ --Lithium Exploration Group
Inc. (OTCQB: LEXG) announces that yesterday it executed a binding agreement to
acquire Blue Tap, Inc., an entity that has consolidated the disposal facility
and assets of Excel Valley Petroleum. Lithium Exploration Group entered into
an LOI with Excel Valley Petroleum in May to perform due diligence on the
assets and explore an opportunity to acquire a controlling interest in the
disposal facility. Details of the transaction will be filed in Form 8K at The existing management will retain a portion of the equity and
will be responsible for day to day operation of the disposal facility. The
facility is ready to accept salt water disposal today and has a Class 1A waste
designation which will require some additional infrastructure before it
becomes active. The investment from Lithium Exploration Group will bring the
facility to active Class 1A status and drive significantly higher revenue and
profit to the operation.

"We are excited to move into the waste disposal business. It has many
synergies with our existing efforts in mineral exploration and technology
development. This is a great asset and we have a very knowledgeable and
experienced management team to partner with. We will all be meeting next week
in Calgary to build our FY2014 projections and execution strategy for the
coming months," commented CEO Alex Walsh. "We are still exploring other
opportunities that complement our activity in the mining, oil and gas, and
technology industries."

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 its Western Canada lithium
assets, testing its Ultrasonic Generator Technology and the acquisition of oil
and gas related assets in Western Canada. Lithium Exploration Group is a fully
reporting company traded on the OTCQB under the symbol LEXG. Website:

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

SOURCE Lithium Exploration Group Inc.

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