Lithium Exploration Group Inc. (fka LEXG)

[Nkore]

Clarification on LEXG (CEO's) share holdings

FORM 8K filed 10/22/2013

On October 24, 2012, we entered into a Share Exchange Agreement dated October 18, 2012, with Alexander Walsh, our President and director.

Pursuant to the Agreement, we have issued on October 25, 2013 to Mr. Walsh 20,000,000 Series A Convertible Preferred shares in our capital stock in consideration of the cancellation and return to treasury of 20,000,000 shares of our common stock owned by Mr. Walsh.

The Series A Convertible Preferred Shares have a par value of $0.001 per share and are convertible on a one for one basis into shares of our common stock after a one year hold period. There are no other preferential rights attached to the Series A Convertible Preferred Shares. The securities were issued in reliance on Section 4(2) of the Securities Act of 1933.

On October 18, 2013, we received a conversion notice from Mr. Walsh pursuant to the share exchange agreement. Pursuant to the notice, Mr. Walsh exercised his right to have his 20,000,000 Series A Convertible Preferred shares converted on a one for one basis into common shares of our capital stock.

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hope this clears up any confusion out there

- NK