NR 90 – Liberty Star Identifies 12 Potential Porphyry Targets for Further Exploration at the Big Chunk Super Project for Gold-Copper-Moly

TUCSON, Ariz.–April 5, 2010–Liberty Star Uranium & Metals Corp. (the “Company,”) (OTCBB:LBSR – News) is pleased to announce that CEO James A. Briscoe (P. Geo) has identified 12 targets for further exploration at the Company’s Big Chunk Super Project (BCSP) in southwestern Alaska. Mr. Briscoe’s identification of the 12 targets was made possible by his extensive work in the porphyry copper-gold–silver-moly bearing caldera at Silver Bell, Arizona, and Mr. Briscoe’s recent reinterpretation of data over the BCSP lands collected in 2004-2005.

The Company’s BCSP comprises 707 State of Alaska mining claims covering about 177 square miles in the Lake Iliamna region of southwestern Alaska. The claims were initially staked in 2003, after Mr. Briscoe determined that the caldera containing Northern Dynasty Minerals’ Pebble discovery was strikingly similar to the caldera hosting the Silver Bell mining district in Arizona, where he had worked as a geologist in the 1960s and again in the 1990s.

In 2004 and 2005, the Company undertook exploration programs at the BCSP, including, among others, biogeochemical studies previously proven to be useful at Silver Bell, Ariz., in the mid-1990s. The results of the 2004-2005 exploration work, combined with his understanding of porphyry-bearing calderas and their related geochemical patterns, bolstered Briscoe’s belief that there may be more porphyry centers and associated Carlin Style and Round Mountain Style stand-alone gold deposits to be discovered within the Big Chunk caldera.

In June 2009 the Company contracted GeoTech Ltd. (Aurora, Ontario, Canada) to conduct helicopter-borne ZTEM surveys over the South Block of the BCSP claims area. The Company has received initial word from GeoTech that the ZTEM confirms Briscoe’s projections and they believe that at least four anomalies of porphyry copper type appear to be present. GeoTech is currently conducting computer processing to provide a 2D inversion which will allow for a three-dimensional approximation of the porphyry systems present. Briscoe comments, “While the final processing of the ZTEM information is ongoing, it appears that no fewer than 12 targets, based on geochemical patterns at Big Chunk, should undergo further exploration, including core-sample drilling as early as summer, 2010.”

ON BEHALF OF THE BOARD OF DIRECTORS

James A. Briscoe”
James A. Briscoe
, President/Director

SAFE HARBOR STATEMENT

Statements in this news release that are not historical are forward-looking statements. Forward-looking statements in this news release include: that the company believes that there are 12 targets suitable for further geological investigation, that the Big Chunk caldera of Alaska bears similar features to the caldera at Silver Bell, Arizona, that ZTEM surveys confirm the Company’s conclusions regarding the viability of any targets for exploration, that the company can undertake further exploration activities as early as Summer, 2010. Factors which may delay or prevent these forward-looking statements from being realized include misinterpretation of data; we may not locate or agree to terms with potential partners for their incurring of exploration costs (which is essential to us); we may not be able to get equipment or labor as we need it; we may not be able to raise sufficient funds to complete our intended exploration or carry on operations; that because we are behind in payments, our creditors could seize our assets including our mineral properties; that weather, logistical problems or hazards may prevent us from exploration; that equipment may not work as well as expected; that analysis of data may not be possible accurately and at depth; and that despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures outlined in the Company’s recent 10-KSB and the Company’s other periodic reports filed from time to time with the Securities and Exchange Commission.

 

Contact

Liberty Star Uranium & Metals Corp.
Tracy Myers, 520-731-8786
Investor Relations

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