Replies to post #20332 on Lithium Exploration Group Inc. (fka LEXG)

[sanctuary]

LITHIUM EXPLORATION GROUP UPDATES SHAREHOLDERS ON OIL WELL

Phoenix, AZ -- September 29, 2016 -- InvestorsHub NewsWire -- Lithium Exploration Group Inc. (OTCPINK: LEXG) announced today that it expects drilling to commence in Pennsylvania any day. The operator is still in the process of lining up all of the service companies. The drilling is expected to take three days followed by the perforation and completion of the well with initial production expected to begin in the next few weeks. The company believes that now is an opportune time to gather long life oil production and will continue to update shareholders on the progress of the drilling and completion program.

The OPEC announcement yesterday is exciting but we are not making the move into long term oil assets because we think oil is going to $100 again any time soon. We are perfectly happy for oil to stay in the $40s because we still will generate good cash and it will allow for us to gather more and more assets at these levels, commented CEO Alex Walsh. Our goals are much larger than just this one well but we have to take it one step at a time. It is exciting to have lots of irons in the fire right now and hope that it results in great things for the company in the coming months.