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Re: helmsman post# 7659

Thursday, 03/31/2011 2:17:07 PM

Thursday, March 31, 2011 2:17:07 PM

Post# of 233937
The LEXG Pump...........
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Lithium Exploration Group, Inc. (formerly Mariposa Resources, Ltd.) (the “Company”) was incorporated on May 31, 2006 in the
State of Nevada, U.S.A. It is based in Miami, Florida, USA. The accounting and reporting policies of the Company conform to
accounting principles generally accepted in the United States of America, and the Company’s fiscal year end is June 30.


Effective November 30, 2010, the Company changed its name to “Lithium Exploration Group, Inc.,” by way of a merger with its
wholly-owned subsidiary Lithium Exploration Group, Inc., which was formed solely for the change of name.
The Company is an exploration stage company that engages principally in the acquisition, exploration, and development

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Incorporated in Nevada and based in Miami. Very strange locals for a Canadian junior explorer.

They enter into an agreement on December 16, 2010 to acquire the subject property......no drill results done, no nothing and..
guess what, they've hit pay dirt. Really..........


Quote:
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On December 16, 2010, the Company entered into an Assignment Agreement to acquire the following
a.) An undivided 100% right, title and interest in and to certain mineral permits located in the Province of Alberta, Canada.
b.) All of the assignor’s right, title and interest in and to the Option Agreement.
In consideration for the Assignment, the Company agreed to pay US$90,000 by way of cash or stock of equal value (consisting of
amounts previously paid by the Assignor pursuant to the Option Agreement). The full $90,000 (consisting of option payments ‘i’ and
‘vi’ below) was expensed and included in the December 31, 2010 accounts payable balance. The Option shall be in good standing and
exercisable by the Company by paying the following amounts on or before the dates specified in the following schedule:
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I suggest all interested parties read the 2/22/11 10- Q.

http://www.lithiumexplorationgroup.com/filings.php





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