Lithium Exploration Group Stakes Additional Land Near Valleyview Project

SCOTTSDALE, Ariz., Dec. 21, 2011 /PRNewswire/ -- Last week, Lithium Exploration Group (OTCBB - LEXG) staked additional land surrounding its Valleyview Project in Alberta, Canada.  With this addition of 135,000 acres, their total Metallic and Industrial Minerals claim holdings in the region totals more than 650,000 acres.  Lithium Exploration Group's Valleyview Project is targeting lithium, potassium, and other valuable minerals for extraction and production from deep oil field brines in the Swan Hills region of west-central Alberta. 

"We targeted these lands south of Fox Creek, Alberta a while ago because of their proximity to highways, densely populated oil and gas facilities, and historical data from the Alberta Geological Survey which indicates anomalous levels of lithium and other minerals.  This property became available recently and we staked it because we are confident that, once the first phase of our resource estimate at the Valleyview Project is complete and our project advances, these additional acres will become very useful to our operation.  We are also looking to acquire some oil and gas assets that would overlay these lands, giving us rights to the hydrocarbon production and minerals on the same property," commented CEO Alex Walsh.

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.  Such forward-looking statements include, among other things, the calculation of any resource estimate, the completion of the custom separation process, or the identification of commercially viable minerals for extraction from the Valleyview project.

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
[email protected]

SOURCE Lithium Exploration Group

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