Lithium Exploration Group Enters Negotiations to Solidify Strategic Lithium Partnership

PHOENIX, October 23, 2017 /PRNewswire/ --

Lithium Exploration Group, Inc. (USOTC: LEXG) today announced reengaging with Lithium IP Holdings to discuss a business partnership in which Lithium IP Holdings would have access to the Sonic Cavitation technology while LEXG shareholders would benefit from Lithium IP Holdings' portfolio of patented lithium battery technologies.  

LEXG originally engaged with Lithium IP Holdings earlier this year, forging a strategic alliance to bring a comprehensive lithium energy solution to market. Discussions were delayed when Lithium IP Holdings elected to merge with a public company called Alternet Systems (USOTC: ALYI). The combined entity under ALYI has secured a portfolio of patented lithium battery technologies and has enhanced the potential of this strategic partnership between LEXG and Lithium IP Holdings. LEXG and Lithium IP Holdings both agree that these and other updates to Lithium IP Holdings are cause for revisiting the objectives of the relationship between the two companies and building a new business partnership.  

"The patent portfolio held by Lithium IP is one that I feel could be a great foundation and blueprint for the development and monetization of lithium patents and other intellectual property," commented CEO Alex Walsh. "We had a number of discussions in Q1 of this year, and I am glad that they have been able to complete their acquisition so we can continue discussions about a strategic alliance. I believe strongly that their management team can be a significant asset to the deployment and proliferation of the lithium specific applications for the SonCav technology."

To learn more about Lithium IP's portfolio of lithium battery technologies, see the report on the technologies commissioned by LEXG in February of this year by advanced battery technology industry expert Eric R. Dix of Innovation Associates:

"U.S. Patented Lithium Battery Portfolio Technology Report"

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 testing the Sonic Cavitation Ltd. technology and the acquisition of oil and gas related assets in the US and Canada. Lithium Exploration Group is traded on the OTC Markets 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
+1-480-641-4790
[email protected]

SOURCE Lithium Exploration Group, Inc.