Lithium Exploration Group Inc. (fka LEXG)

[Jerry70]

$ LEXG. Lithium Exploration Group Announces New Technology Partnership.

Phoenix, AZ - October 28, 2014 - InvestorsHub NewsWire - Lithium Exploration Group, Inc. (OTCQB: LEXG) announced today that it is in discussions with a Texas-based company with a proprietary chemical additive that will assist in the oil treatment process. The chemical company has developed a proprietary blend of additives to treat paraffin and lighten the specific gravity of the oil. Lithium Exploration Group will ship samples of the oil treated at its Tero facility to Texas. A team will be heading there in a few weeks to assess the results of the tests and discuss this potential partnership.

“We are expanding the Tero facility to offer custom treating to local customers. There is demand for the service in the area, but we also plan to expand the facility so that we can get field testing data from the Ultrasonic Technology that we have already ordered to be operated at Tero. If this additive does what we think it can do, it could help speed up the oil treatment process, making it both more efficient and more profitable,” commented CEO Alex Walsh. “Our thesis on the oil treatment business is that, if we can use proprietary techniques to improve the process and make it more profitable, then we can replicate that process and become a major competitor in the space. I will be in Texas in mid-November to oversee the progress on the SonCav oil unit, and will be meeting with the additive company to see the results of the testing they complete on the oil we are sending there now. I will send an update one way or another on the results, but will not be disclosing the name of the company until after we have formalized our relationship.”

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 OTC Markets under the symbol LEXG. Website: www.lithiumexplorationgroup.com.