NR 111- Liberty Star Receives Completed Technical Report on Walnut Creek-Tombstone Project from SRK Consulting

TUCSON, Ariz.–October 4, 2011–Liberty Star Uranium & Metals Corp. (the “Company”) (OTCBB: LBSR) is pleased to announce that CEO James Briscoe has received SRK Consulting’s (“SRK”) final draft of the NI 43-101 style technical report (The “Report”) covering the Company’s Walnut Creek properties within the Tombstone Porphyry-Precious Metals Project.

The Walnut Creek portion of the 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. Included in the Report, signed by SRK Registered Geologists and Qualified Persons, Dr. Jan Rasmussen and Corolla Hoag (see NR 110, Sept 27th), are geologic data that have been collected and interpreted over several decades starting in 1972 by Liberty’s CEO and Registered Professional Geologist James A. Briscoe.

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 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.

SRK’s Technical Report (in brief) recommends: A. To conduct soil and biogeochemical surveys over the target area. Biogeochemical sampling over other properties has been shown to reveal upward moving metallic elements in Nevada, Arizona and Alaska from depths of 1,500 feet to 4,000 feet through unmineralized cover rock. B. To conduct ZTEM helicopter borne electromagnetic surveys which have the capability to model porphyry copper systems to a depth of 6,000 feet. and C. To conduct diamond core drilling that will test targets developed by A and B.

Comments James Briscoe: “With technical reports in hand, we can move to staged exploration in Tombstone, including geochemical surveys, ZTEM and core drilling. Like the Hay Mountain Report we will only release summary accounts of the results and recommendations made by SRK. I cannot emphasize enough the competitive atmosphere we are dealing with around Tombstone. I consider the area to be one of the next important mining areas containing both porphyry copper and precious metal disseminated deposits as well as high grade peripheral skarn deposits associated with mineralized limestones, and will do what I can to make sure our company remains at the forefront of land acquisition and exploration.”

“James A. Briscoe” James A. Briscoe, Professional Geologist, AZ CA

CEO/Chief Geologist

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 significantly high grades of copper, moly, gold, silver, lead, zinc and other by-product metals are inferred; that we will be able to carry out the recommended exploration; and that Tombstone will be an important mining zone containing both porphyry copper and precious metal disseminated deposits.

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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