NR 113 – Liberty Star’s Hay Mountain Claims Undergoing Geochemical Program

TUCSON, Ariz.–November 2, 2011–Liberty Star Uranium & Metals Corp. (The “Company”) (OTCBB: LBSR) is pleased to announce that it has completed 80% of the collection of rock, soil and vegetation (biogeochemical) samples over approximately 621 sample sites surrounding and over the Hay Mountain claim area, one of three or more target areas comprising the Company’s Tombstone Porphyry-Precious Metals Project. All rock and soil samples have been collected, and vegetation sample collection is ongoing and will be completed in about 20 days or by about November 20.

Samples are collected by experienced Liberty Star staff. Storage, shipment and treatment of these samples follow Canadian Instrument 43-101 guidelines with chain of custody records and quality assurance/quality control duplicate and control assay samples inserted regularly into the sample stream by MEG Inc –a sample preparation lab run by our experienced geochemist and then on to a certified analytical laboratory in Vancouver BC, Canada. The approximate 621 sample sites will generate three samples each except where rock or soil or vegetation is not available thus yielding approximately 1,863 samples. Each of these samples will be assayed for 63 elements generating about 117 thousand analyses. These assays will be processed by various computer programs into graphs and maps showing elemental concentrations. We know from Dr. John Guilbert’s Porphyry Copper Model (Lowell- Guilbert model) that various elements are zoned around the porphyry center, like bulls eyes in a rifle target. The various elements move upward with upwardly moving ground water bringing them along and plants absorb the water depositing elements in their stems. Thus when we collect and analyze the plant stems we can detect metals at significant depths exceeding a thousand feet or more. With our geochemical results we can predict where the porphyry center is, as well as peripheral lead, zinc, silver, manganese and gold zones.

The company already has very detailed biogeochemical sample results from an earlier sampling program circa 2002 for an area of about 3/4 square mile of the 4 square mile Hay Mountain copper anomaly. These data show a porphyry copper anomaly of multiple indicator elements including copper, moly, potassium (indicating a central alteration zone), gold, silver, lead, and zinc. This much larger sampling program described above is intended to test the entire zone so that the best and largest anomaly(s) may be drilled.

Interpretation of the geochemical data will entail pattern analysis of the various geochemical elements over known porphyry copper and gold mineralized zones as known from previous work on mineral deposits over the last five decades since the methodology was developed These data will be used in conjunction with detailed geological mapping presented in SRK’s recently completed technical report (see News Release 110, 9/27) and in conjunction with ZTEM electromagnetic imaging that the Company plans to be carried out shortly. ZTEM has been used successfully on various porphyry copper targets throughout the world including the Company’s Big Chunk target in Alaska. These geochemical and geophysical data sets will guide the implementation of a core drilling program, which the Company will undertake as funding becomes available.

Comments Chief Geologist and CEO James Briscoe, “The recently completed SRK technical report strongly recommended further geoscientific analysis for the discovery of porphyry copper and gold over the Hay Mountain portion of our Tombstone holdings. We are exactly following their recommendations.”

“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 we will complete sampling by November 20; that we can detect metals at significant depths and predict where the porphyry center is, as well as peripheral lead, zinc, silver, manganese and gold zones; .that we will carry out ZTEM imaging shortly and core drilling as soon as funding is available. 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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