Lithium Exploration Group Inc. (fka LEXG)

[Dobie Lama]

Doesn't look like LEXG owns this lithium property! NOt sure what lithium property it owns.

On November 3, 2010, Mariposa (nka Lithium Exploration Group, Inc. (“Lithium”)) failed to maintain the eight mining claims under option to it by Beeston and those were allowed to lapse. Beeston was subsequently able to re-claim four of the eight mining claims. As of December 31, 2010, Lithium was in default of payment of a total of 1,500,000 shares of its common stock and of its obligation to perform $100,000 CND of exploration and development work on the optioned mining claims as part payment of the option exercise price. Lithium has since terminated its option agreement with Beeston, by notice dated February 14, 2011, to be effective March 17, 2011. The Company is currently pursuing Lithium in regard to these outstanding debts, the loss of four mining claims and the ongoing maintenance requirements for the reclaimed mining claims.



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