Lithium Exploration Secures Investment from Hagan Investment
04/04/2012

Investment Partner Commits Additional $1,500,000 After Maiden Resource Estimate

Online PR News – 04-April-2012 – Scottsdale, AZ – SCOTTSDALE, Ariz., April 2, 2012 /PRNewswire/ -- Lithium Exploration Group (OTCBB: LEXG.OB) (OTCQB: LEXG.OB) announces that Hagan Investment has exercised their

additional investment rights from the investment on June 29, 2011, to advance the company's Valleyview Project. On March 22, 2012, Lithium Exploration Group released

its maiden resource estimate at the Valleyview Project and announced its intention to move that project to the next stage which includes bench scale testing of the

mineral processing techniques as well as expanded analysis of the resource and economic feasibility. This investment will fully fund that expanded study which will

begin.

The investment documents have been executed by the parties in regards to a placement of convertible debentures in the principal amount of $1,500,000, payable 45 days

from March 28, 2012. The debentures shall bear interest at 12% and shall be due and payable 12 months from their issuance.

"This financing shows the continued support for our company from our partners at Hagan. I am traveling to Canada today to initiate the next steps at our Valleyview

Project. We expect to be testing our ultrasonic generator in Pennsylvania any day and are very excited about advancing our Valleyview lithium project expeditiously,"

commented CEO Alex Walsh.

The securities referred to herein will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United

States absent registration or an applicable exemption from registration requirements.

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." 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, the acquisition of additional capital, and the completion of any resource estimates or a feasibility study.

Cautionary Note to US Investors – The United States Securities and Exchange Commission permits US mining companies, in their filings with the SEC, to disclose only

those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this release, such as "measured," "indicated," and

"inferred resources," which the SEC guidelines strictly prohibit US registered companies from including in their filings with the SEC. US Investors are urged to

consider closely the disclosure in our Form S-1 or Form 10-K which may be secured at http://www.sec.gov/edgar.shtml.

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.