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AMENDMENT TO THE SECURITIES
PURCHASE AGREEMENT
OF
LITHIUM EXPLORATION GROUP, INC.

     This Amendment to the Securities Purchase Agreement of Lithium Exploration
Group, Inc. (this “Amendment”) is made as of the May 15, 2012, by and between
Lithium Exploration Group, Inc., a Nevada corporation (the “Company”), and Hagen
Investments Ltd. (“Holder”). Capitalized terms defined in this Amendment and not
otherwise defined herein shall have the same meanings as ascribed to them in the
Securities Purchase Agreement of Lithium Exploration Group, Inc. (the “SPA”),
issued by the Company to Holder on March 28, 2012.

     WHEREAS, the Company and Holder have determined to amend the SPA to set the
exercise price of the Warrant to $0.45 per share (subject to adjustment as
provided in the Warrant);

     NOW, THEREFORE, in consideration of the mutual covenants contained in this
Amendment, and for other good and valuable consideration the receipt and
adequacy of which are hereby acknowledged, the undersigned agree as follows:

  1.

Article 2.2, subparagraph (a), subsection (iv) of the SPA is hereby amended and
replaced with the following:

     (iv) a Warrant registered in the name of the Purchaser, with an exercise
price of $0.45 per share subject to adjustment as provided in the Warrant, to
purchase up to a number of shares of Common Stock equal to 100% of the
Purchaser’s Subscription Amount divided by the conversion price of the
Debenture, set at $0.45 per share; and

  2.

Except as amended hereby, the SPA remains in force and effect.

        3.

This Amendment may be executed in counterparts that, together, shall have the
same effect as if all parties signed this Amendment on the same signature page.

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to the
SPA to be duly executed by their respective authorized signatories as of the
date first indicated above.

Lithium Exploration Group, Inc.   Hagen Investments Ltd.       /s/ Alexander
Walsh   /s/ Hugh O’Neill Name: Alexander Walsh   Name: Hugh O’Neill Title: CEO  
Title: President

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