Liberty Star Signs Agreement with naseba

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Liberty Star Signs Agreement with naseba

TUCSON, Ariz.--(BUSINESS WIRE)-- Liberty Star Uranium & Metals Corp. ("Liberty Star" or the "Company")(LBSR: OTCQB) is pleased to announce that the Company has signed a binding Letter of Agreement (the "Agreement") with naseba (China Natural Resource Investors Initiative) to introduce Liberty Star to a panel of potential partners for the purpose of developing the Hay Mountain Project in southeast Arizona.

naseba will make a preliminary presentation of Hay Mountain Project materials to pre-qualified potential financial partners culminating in naseba's meeting, September 23 - 27 in China. Company CEO/Chief Geologist Jim Briscoe and Director Pete O'Heeron plan to attend the September initiative and make presentations, as at the meeting in Mumbai, India (NR 157). naseba has received a deductible fee and will receive additional fees should their efforts directly lead to a successful partnership for the Hay Mountain Project.

Comments Fabien Faure, Managing Director naseba group: "India is forecasted to spend $1 trillion over the next five years on infrastructure - which copper is a key component. Everyone is looking for capital or joint venture partners, therefore, we must extensively pre-qualify each business case before we present them to our clients. Liberty Star Uranium & Metals Corp. - Hay Mountain Project is particularly interesting because of the exceptional management team and the strategic location of the project, in Arizona. Arizona is the top copper producing state of America, which accounts for 60% of the total copper production in the United Sates. The international mining companies involved in Arizona copper mining include the global leaders, which speaks for the quality of the grade." Adds Briscoe: "Hay Mountain is ready for large scale funding to support an aggressive drilling plan. naseba is a very well connected international organization with a track record of bringing together projects and interested parties in China. I look forward to working with them."

"James A. Briscoe" James A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty Star Uranium & Metals Corp.

Safe Harbor

Statements in this news release that are not historical are forward looking statements. Forward-looking statements in this news release include: that the meetings in India and with potential partners could lead to large scale funding of Liberty Star's Hay Mountain Project and that we may obtain a partner for the Hay Mountain project.

Factors which may delay or prevent these forward-looking statements from being realized include: our inability to agree with a potential partner on terms of their participation in the Hay Mountain Project or any project; we may not be able to raise sufficient funds to complete our intended exploration or carry on operations; and possible inability to continue exploration due to weather, logistical problems or hazards even if funds are available. Readers should refer to the risk disclosures in the Company's recent 10-K and the Company's other periodic reports filed from time to time with the Securities and Exchange Commission.

Liberty Star Uranium & Metals Corp.
Tracy Myers, 520-425-1433
Investor Relations
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KEYWORDS:   United States  North America  Arizona


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