TEMPE, Arizona, May 31, 2017 /PRNewswire/ --
Lithium Exploration Group Inc. (USOTC: LEXG) announced today that the Canadian Government has released an outline of new restrictions on the Canadian energy industry to promote more frequent equipment inspections, repair mandates, the use of cleaner technologies, and closer emission level monitoring. Lithium Exploration Group can resolve all the new regulatory restrictions with its Sonic Cavitation LTD Technology solution suite when it comes to treating and heating produced hydrocarbons.
Lithium Exploration Group CEO Alex Walsh:
"The focus of this regulation is to force the energy industry to adopt new practices utilizing new technologies that are cleaner and greener than the status quo. Unfortunately the common mentality of the energy industry is 'if it ain't broke don't fix it' - fortunately for us the Canadian Government is telling the energy industry 'it is broke so go fix it. These changes are set to take place in 2020 which allows us plenty of time to get sales and distribution efforts in place and take the industry by storm."
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 testing its SonCav 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.
SOURCE Lithium Exploration Group Inc.