LITHIUM EXPLORATION GROUP, INC. (LEXG) - Description of business

Company Description

Lithium Exploration Group, Inc. is an exploration stage company working in the field of the acquisition, exploration, and development of resource properties. To date, the company's activities have been limited to its formation, the raising of equity capital and its mining exploration work program.Prior to June 25, 2009, the company had the right to conduct exploration work on 20 mineral mining claims in Esmeralda County, Nevada, U.S.A. In 2009, the Company entered into an agreement with Beeston Enterprises Ltd., under which the company was granted an option to acquire an undivided 50% interest in eight mineral claims located in the Clinton Mining District of British Columbia, Canada. On December 16, 2010, the company entered into an Assignment Agreement to acquire an undivided 100% right, title and interest in and to certain mineral permits located in the Province of Alberta, Canada. Lithium Exploration Group, Inc., formerly known as Mariposa Resources, Ltd. was incorporated on May 31, 2006 in the State of Nevada, U.S.A.