Lithium Exploration Group CEO Addresses Shareholders

SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Lithium Exploration Group (OTCBB: LEXG) has submitted its September 30 10Q to its auditors and will file the management discussion and analysis with interim financial statements at the earliest possible opportunity. There are a number of updates to the status of the company financially and discussion of the initiatives that LEXG is working on that will be disclosed in that upcoming filing.

In a statement from CEO Alex Walsh he said, “The 10Q quarterly filing of interim financials and the accompanying discussion is our platform to comprehensively update shareholders on our activity. It is important to us that we keep an open line of communication with our shareholders and the brokers who trade in our stock, and this quarterly update is a forum to provide a detailed discussion about our progress and plans for the coming months. It is important to note that we are in a strong cash position, as can be noted from our June 30 10K, and that none of LEXG’s officers or directors have sold a single share of stock. The company has no need for additional financing at this time and we feel that we are in a stronger position than most of our exploration stage peer group.”

About Us

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 and South America properties. Lithium Exploration Group is a fully reporting company traded on the OTCBB under the symbol LEXG. Website: www.lithiumexplorationgroup.com. Lithium Exploration Group is also now on Facebook, LinkedIn and Twitter @LEXG_OTCBB.

Safe Harbor Statement

This news release contains “forward-looking statements,” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. 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.

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.

Lithium Exploration GroupShanon Chilson, 480-641-4790[email protected]

Source: Lithium Exploration Group