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Lithium Exploration Group Discusses Technology, Hydraulic Fracturing, and Sustainability

PHOENIX, AZ / ACCESSWIRE / November 11, 2014 / Lithium Exploration Group, Inc. (OTC Pink: LEXG) (LEXG) has invested significant time and energy into an oil and gas technology to assist in the treatment of oilfield wastewater. The company is currently focused on expanding its reach by developing early stage technologies to complement its business strategy. The enhanced oil recovery techniques that have developed over the last decade have led to a major increase in activity in North America. That activity can be seen as a direct result of new types of hydraulic fracturing and technologies that have been developed to produce profitable oil from areas where it was not thought to be worthwhile exploration. Lithium Exploration Group is focused on developing technologies that complement its other efforts in mineral extraction and sustainable industrial applications.

"All of the additional activity and development of oil reserves has lead the industry to look at ways to be smarter and more cost effective in the ways these various hydrocarbon streams are produced. We all have to be more environmentally conscious than ever, and also have to look at reducing costs in the field," commented CEO Alex Walsh. "The technology we have invested in (and the others that we are looking at) all focus on reducing costs, recycling waste streams, and monetizing the entire cycle of products. If the producers win, we win, and the environment wins, we look at that as a perfect scenario, and that is how we view all of our activity. We may not be as big as some other companies, but if we can be faster, cheaper, and more nimble to act, then we feel that we can compete in a major way."

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 on its Western Canada lithium assets, testing its Ultrasonic Generator Technology and the acquisition of oil and gas related assets in Western Canada. Lithium Exploration Group is a fully reporting company traded on the OTC Markets under the symbol LEXG. Website: 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.


Shanon Chilson

SOURCE: Lithium Exploration Group, Inc.