Diamond Core Drill Rig to be Airlifted to LBSR’s Big Chunk Super Project: Immediate Drilling to Begin

TUCSON, Ariz.–(BUSINESS WIRE)–Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”) (LBSR: OTCQB) is pleased to announce Jim Stevens, Nikovena Camp general contractor, has sent word that the diamond core drill rig is being airlifted to the Company’s top priority target on the Big Chunk Super Project, south block and plans to begin exploratory drilling on Wednesday, August 22^nd.

The 40,000 pound rig is going to be airlifted from Anchorage to Iliamna by DC-3 aircraft, and then slung by helicopter to Target 1, (of 12) drill site 1, where drilling will commence. The drill site is fully prepared to accommodate immediate drilling. It is expected the drilling crew could drill up to 200 feet per day on the first hole. Should all go as planned, the company can expect core drilling to continue into early September.

Liberty Star CEO and Chief Geologist Jim Briscoe states, “My congratulations to Jim Stevens and his team; much planning and effort went into getting the drill rig to the field. LBSR will log the core as it comes out of the hole, using the tools as described in recent News Release 133 dated August 6, 2012. After logging and sawing the core in half, one half will be sent under NI43-101 protocols for sample preparation and assay.”

“James A. Briscoe” James A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty Star Uranium & Metals Corp.

About the Big Chunk Super Project:

Liberty Star, through its wholly owned Alaska subsidiary, Big Chunk Corp., holds exclusive mineral exploration rights to 612 state mining claims in two blocks covering approximately 177 square miles in southeastern Alaska. The Big Chunk claims were initially staked in 2003 along the Big Chunk caldera which is believed to host Northern Dynasty Minerals’/Anglo American’s Pebble project. Exploratory drilling on specific targets for porphyry copper, gold, molybdenum (moly), silver and zinc is planned for summer, 2012. SRK Consulting submitted a NI 43-101 compliant technical report on the Big Chunk Super Project in 2010. It is available on Liberty Star’s web site www.libertystaruranium.com.

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