Testing of Proprietary Unit to take place over 10 days in Pennsylvania
SCOTTSDALE, Ariz., April 16, 2012 /PRNewswire/ -- Lithium Exploration Group (OTCBB: LEXG.OB) (OTCQB: LEXG.OB) announces the initial testing of its ultrasonic generator in Pennsylvania. The testing begins today and will run for the course of 10 days. The goal of the ten-day test is to operate all of the componentry together, bringing the generator to optimal speed and pressure to harness the cavitation and produce steam, and identifying the optimal settings for all of the stages of the unit. At the end of the ten-day test the company will provide data on the testing program on their website and via social media channels and will provide a video showing the actual testing process and featuring interviews with key stakeholders about the generator.
"This is an exciting step for our company and our shareholders. These initial tests will give us the validation that (a) this unit produces a cavitation and (b) we can harness that energy to produce the required heat allowing us to separate suspended solids from water. We look forward to sharing the successes we achieve along the way in upcoming announcements," commented CEO Alex Walsh.
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". 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, including but not limited to the completion, testing, transportation, and final installation of the unit.
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.