Lithium Exploration Group CEO Distributes March 2016 Newsletter

PHOENIX, AZ / ACCESSWIRE / March 23, 2016 / Lithium Exploration Group Inc. LEXG CEO Alex Walsh updates shareholders on company activities.

Dear Shareholders,

After many weeks of restating prior financials and bringing the September and December 10Qs up to date, as of yesterday we are finally current in our SEC reporting. It is not only important for our shareholders but for prospective investors that we continue to stay current and, now that we have been through this rigorous process, I am confident that we will continue to be fully reporting and current for the foreseeable future.

We have not been idle during this process. I have been in constant communication with our technology partners at SonCav on the preparation of both the water and oil units for further testing. As you may recall, we took possession of the units in January of this year and have been working hand in hand with SonCav. Unfortunately, due to the continued delays regarding our filings, we have been unable to fund the required assembly expenses to date. We now have a good plan on what needs to happen, and are going to get back to work to expedite the testing process.

I have also been working with a partner in Texas to evaluate potential oil and gas investments from Texas to Calgary that would fit with our larger goal of field-testing the water and oil units this summer. I have found a very attractive project and have been in active negotiations for the past six weeks. Now that we are current and the technology units will be readied for testing, I will be able to pursue this more aggressively and plan to find a field where we can buy in as a working-interest partner and deploy our technology units.

I appreciate all of your patience and look forward to getting the company to the position where we should be, and where you expect us to be.

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 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 OTCQB 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.

Contact Info

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

SOURCE: Lithium Exploration Group Inc.