NR 103 – Liberty Star Receives SRK Consulting’s First Draft of Technical Report on Tombstone Porphyry Copper Claims

TUCSON, Ariz.–May 26, 2011–Liberty Star Uranium & Metals Corp. (the “Company”) (OTCBB: LBSR) is pleased to announce that CEO James Briscoe has received SRK Consulting’s (“SRK”) first draft of the NI 43-101 style technical report covering the Company’s Tombstone Porphyry-Precious Metals Project.

“Myself and the members of the Liberty Star board are very pleased that SRK was able to analyze existing data and collect new information on our Tombstone claims quickly and efficiently. We will move to exploratory core drilling, as soon as we can.”

The Walnut Creek Tombstone Porphyry-Precious Metals Project consists of 33 unpatented federal lode-mining claims over a projected covered porphyry copper mineral center in Cochise County, Arizona. These geologic data have been collected and interpreted over several decades starting in 1972 by Liberty’s President and Registered Professional Geologist James A. Briscoe. Metals prices now make this project a high-priority target of potentially large size. Based on geologic and geochemical characteristics as well as similarities to the 25 miles distant Bisbee porphyry system, significantly high grades of copper, moly, gold, silver, lead, zinc and other by-product metals are inferred. Liberty Star’s claims reside within or adjacent to a large volcanic and intrusive geologic feature known as a caldera. These caldera structures are present throughout southern Arizona, making the region one of the richest porphyry copper areas in the world. The Tombstone caldera, identified by Company CEO Briscoe and verified by the US Geological Survey (USGS), of which these claims are related but outside of the caldera, also hosts commercially significant gold and silver deposits, as well as a deep porphyry copper system drilled in 1973.

Company CEO/Principal Geologist Briscoe will work with his team and the Tucson-based SRK staff to formulate a final draft. The completion of the final draft is expected within the next 30 days.

Comments Liberty Star’s CEO James Briscoe, “Myself and the members of the Liberty Star board are very pleased that SRK was able to analyze existing data and collect new information on our Tombstone claims quickly and efficiently. We will move to exploratory core drilling, as soon as we can.”

“James A. Briscoe” James A. Briscoe,
President/Director
Liberty Star Uranium & Metals Corp.

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 metals prices now make this project a high-priority target of potentially large size; that significantly high grades of copper, moly, gold, silver, lead, zinc and other by-product metals are inferred; that a final technical report is expected within the next 30 days; and that we will move to exploratory core drilling, as soon as we can. 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, 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 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.

Contacts

Liberty Star Uranium & Metals Corp.
Tracy Myers, 520-425-1433 or 520-731-8786

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