Lithium Exploration Group Inc. (fka LEXG)

[alexbh2285]

Update on exclusivity. The right to sell Glottech units (and pay Glottech a royalty) would be exclusive for non-petrochemical mining in Canada but Glottech can make even that use non-excludive by paying LEXG a royalty. So what you are owning when you own LEXG is a right to distribute Glottech units in Canada for non-petroleum mining. This right expires 10/1/2017 if they do not sell 25 units by then otherwise it renews every 5 years. This is from the sales and licensing agreements in the 8-K posted 10/10/12 as referenced in the latest 10-Q.