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alexbh2285

09/29/17 9:39 AM

#24362 RE: Hellgirl #24361

What part of today's 10-K did you like?
I liked that they finally cleaned it up and now refer to what they say their business is rather than old legacy out of date filings.

For anyone who thinks they are investing in technology I didn't love:
We own the trademark “Lithium Exploration Group” for the use of mining exploration, namely, lithium exploration services, in class 42 (U.S. CLS. 100 and 101). The registration number is 4,075,565 and was registered on December 20, 2011. We do not have any other intellectual property.
or
We currently have no research and development activities.

For anyone who believed all the "salt dome oil" "two thumbs up" when Alex Walsh is held to a higher legal standard in the 10-K he just says
BBE has hired an independent seismic analyst as well as a geophysical team to review the work by the White Top team and is comfortable with how they are progressing.

For anyone who thinks that all new debt is "restructured" I didn't love the fact that their latest debt was once again convertible at a 50% discount
In July, August and September 2017, the Company issued an aggregate of $335,500 Convertible Promissory Notes that mature on various dates in May through September 2018, resulting in cash proceeds totaling $305,000. These notes bear 10% interest per annum and the Holder of this Note is entitled, at its option, at any time, to convert all or any amount of the principal face amount of this Note then outstanding into shares of the Company's common stock at the lesser of $0.005 per share or at a price equal to 50% of the lowest trading price of the Common Stock as reported on the OTC Markets for the twenty prior trading days including the day upon which a Notice of Conversion is received.
or that the date on the warrants they gave was to 2022 which makes the warrant valuation equal to the price of a share with a delta of almost 100% which makes another 1.3 shares of dilution (use any options calculator and the volatilities Alex Walsh uses in the 10-K).
or that
Current (within a year) liabilities related to convertible debt grew to $6.84MM which owuld be even at the lower 25% discount convertible into 22.8B shares plus the 1.3B from the warrants equals 24B dilutive shares to be issued.

For anyone who still thinks Alex Walsh is a good guardian of your funds I didn't like him taking $97,000 in consulting fees in cash (isn't that just his job) in addition to his salary or the fact that he owns 0 shares of the stock himself.
During the year ended June 30, 2017, the Company incurred consulting fees of $97,000 (June 30, 2016 - $9,115) with directors and officers (including directors and officers of our subsidiaries) out of which there were no stock payments.


What part of the 10-K did you like?



ProfitScout

09/29/17 9:50 AM

#24363 RE: Hellgirl #24361

LITHIUM EXPLORATION GROUP DISTRIBUTES Q3 LETTER TO SHAREHOLDERS

September 29, 2017 -- InvestorsHub NewsWire -- Phoenix, AZ / Lithium Exploration Group Inc. (OTCPINK: LEXG) CEO Alex Walsh updates shareholders on company activities.

Dear Shareholders,

I wanted to take this opportunity to update you on our ongoing efforts at LEXG. As you may have noticed, we filed our annual Form 10K with the SEC yesterday; it can be found at www.sec.gov and at many other financial outlets. We took extra effort this year to clean it up, and hope that it is more user-friendly so that you can understand our current business activity and our goals for the company in the coming year.

We have been extremely busy with the annual audit and some other strategic initiatives which I hope to be able to announce in the coming weeks. Our core business and primary focus remains the distribution and proliferation of the SonCav technology, but when opportunities present themselves that can be complementary to our core efforts, we have historically tried to take advantage of them.

As announced earlier this month, we have initiated an offer to partner with the inventor of two lithium battery patents. The initial feedback has been positive and we hope to have a resolution on that in October. We have also made a substantial investment in an oil project in Louisiana where, in the coming weeks, we expect to receive the processed data from the seismic shoot, which was completed in September. These strategies will hopefully be synergistic to our efforts in our core business, but we would not have entertained them if we did not feel that they could ultimately generate a positive financial benefit to our company and our shareholders.

The past year has been all about cleaning up our balance sheet and positioning ourselves for the next chapter, which I hope to be the positive generation of revenue and profit. We are very close to this eventuality and look forward to announcing many positive developments in the 4th quarter.

Sincerely,

Alex Walsh
CEO
Lithium Exploration Group

About Lithium Exploration Group
Lithium Exploration Group is a US-based exploration and development company focused on the acquisition and development potential of lithium brines and other precious metals that demonstrate high probability for near-term production. Currently the company is focused testing its SonCav Technology and the acquisition of oil and gas related assets. Lithium Exploration Group is traded on the OTCPINK under the symbol LEXG. Website: http://www.lithiumexplorationgroup.com.

Safe Harbor Statement
This news release contains "forward-looking statements". Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future testing of the ultrasonic technology.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of lithium prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.
Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Contact Info
Shanon Chilson
480-641-4790
info@lithiumexplorationgroup.com