NR64 – Liberty Star Uranium Completes Four Drill Holes At Neola Target Area

Tucson, Arizona—February 5, 2008—Liberty Star Uranium & Metals Corp. (the “Company”), (OTCBB symbol: LBSU) is pleased to announce  it has completed low angle drill holes Neol – 01,02,03 & 04, all drilled from the same drill pad.  The purpose of these holes was to probe part of the Neola area where multiple geoscientific indicators suggest potential for a good breccia pipe within the Neola collapse structure.  Such a feature was intersected by Neol –02, 03, & 04, defining a breccia feature that appears to be about 90 feet wide and about 180 feet long trending north-easterly and open at the northeast end and possibly at the southeast end.  Photos of some core samples from these holes are shown on our web site under “Photo Gallery & Maps/ Drill Core from Collapse Breccia Pipes.”

We are very pleased with these results.  We have demonstrated that with only a few holes we can identify with great precision rock alteration and the accurate boundaries between unbroken rock and collapse breccia.  This is what our plans were and we have accomplished our immediate goals in the first round of drilling.

Holes in the Neola target were drilled in the east, west, northwest, and north-northwest directions.  All holes were inclined -45 degrees from horizontal.  The inclined hole gives us the best chance of intersecting a vertical pipe, allows us to test large areas for breccia and also allows us to define the exact boundaries of the breccia feature.  A total of 1093 feet have been drilled in 4 holes in the Neola target.  These four inclined holes in the Neola area were used to define the breccia body mentioned above.  The breccia fragments, matrix, and surrounding rock was altered, silicified and mineralized with fine pyrite.  No uranium or other ore minerals were detected, but none were expected at this shallow depth.

The purpose of this drilling is to define the breccia pipe or pipes so that the center can be accurately defined and then the drill will be moved to the center where the pipe is tested at a depth where ore is expected, about 900 to 1,500 feet below the current surface.  We are very pleased with the results of these first holes.  Careful surface geologic examination suggests that this breccia did not come to the surface, but we are still able to accurately define it.  Other types of drill technology, specifically rotary drilling, used in the past and currently by others, would not have been successful in recognizing this breccia.  As is the case with all of our drill core, we are cutting it in half along the core length, with a diamond saw (“splitting” the core), sending one half, in about 10 foot increments, to our certified assay lab, and permanently archiving the remaining half for future examination.  This is all according to SEC guidelines and the more stringent Canadian National Instrument 43-101 rules.

The drill has been moved 300 feet east and is drilling a northeast trending hole (Neol – 05) approximately 450 feet horizontal distance to test a geochemical fingerprint on favourable geology.  Several other holes will be drilled in order to determine the position for a deep test that will go to an approximate depth of 2,000 feet.

The weather has been cold, snowy and muddy extending the time when we will move back to Helvia and Hafsa.  Permits for drilling at those sites are now in hand.

ON BEHALF OF THE BOARD OF DIRECTORS

James A. Briscoe
President/Director

About the Liberty Star North Pipes Super Project

The breccia pipes are part of the large uranium bearing breccia pipe terrain which occurs on the Arizona Strip lying just south of the Utah border.  Eight mines were brought into production during the 1970s and early 1980s on deposits discovered within the immediate area.  The uranium bearing pipes which were mined are the second highest grade uranium mineral deposits in the world and the highest grade in the United States.  Previously mined mineralization in these pipes has

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