Amendment to Securities Purchase Agreement dated March 28, 2012

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:

     (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

     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.