Agoracom

TUCSON, Ariz.--Liberty Star Uranium & Metals Corp. (the “Company”), (OTCBB:LBSU) is pleased to announce it has completed incorporation of Redwall Drilling Inc. (RDI), an Arizona Corporation. A wholly owned subsidiary of the Company, RDI has purchased a CS3001 truck mounted diamond core drilling rig and associated equipment from Atlas Copco and a third party. This drill rig will have the capability to drill and recover a variety of diamond core sizes to about 3,000 feet or more of depth, more than a thousand feet below our anticipated requirements. It also has the capability, when used with the proper drill bits and equipment, to drill directional diamond core holes. The drill will be mobilized to the project area in about four weeks after this announcement.

The Company has been studying the option of operating our own drill rig for about a year. Careful assessment of the Company’s time requirements and logistics as well as cost considerations show this is the proper move for the Company. We have numerous Pipes that require high quality vertical and directional drilling. This will take a number of years to complete. The drill will be stationed on the North Pipes Super Project for the number of years it will take to drill test our numerous pipes and work toward ore reserve definition in some proportion of them. This effort will continue 24/7/365. Numerous complementary services and personnel are available in our field headquarters towns of Fredonia, Arizona and Kanab, Utah, eliminating the need to import these services and personnel. The Company’s analysis shows that significant savings, calculated at over 40%, can be attained by having our own dedicated drill and using these local assets. Availability and scheduling problems will be eliminated.

ON BEHALF OF THE BOARD OF DIRECTORS
"James A. Briscoe"
James A. Briscoe,
President/Director

The breccia pipes are part of the large uranium bearing breccia pipe terrain which occurs on the Arizona Strip lying just south of the Utah border. Eight mines were brought into production during the 1970s and early 1980s on deposits discovered within the immediate area. The uranium bearing pipes which were mined are the second highest grade uranium mineral deposits in the world and the highest grade in the United States. Previously mined mineralization in these pipes has graded about 0.6% to 0.7% uranium or about 12 to 14 pounds per ton. In addition to uranium they are known to contain copper, zinc, silver, vanadium, cobalt, nickel, molybdenum, gallium, germanium and other metals. Past producers have recovered copper, silver and vanadium as by-products of uranium mining.

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 RDI’s drill rig will have the capability to drill and recover a variety of diamond core sizes to about 3,000 feet or more of depth, more than a thousand feet below our anticipated requirements and the capability to drill directional diamond core holes; that the drill will be mobilized to the project area in about four weeks; that the drill will be stationed on the North Pipes Super Project for the number of years it will take to drill test our numerous pipes; that our effort will continue 24/7/365; that significant savings calculated at over 40% can be attained by having our own dedicated drill and using these local assets; and that availability and scheduling problems will be eliminated.

It is important to note that the Company’s actual outcomes may differ materially from those statements contained in this press release. Factors which may delay or prevent these forward looking statements from being realized include misinterpretation of data; that we may not be able to get equipment or labor as we need it; that we may not be able to raise sufficient funds to complete our intended exploration; that we may be unable to agree with our joint venture partners as to the work to be performed; that our application to drill may be denied; 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; that results which we or others have found in any particular location are not necessarily indicative of larger areas of our property; 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 most 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

Tracy Myers

520 731-8786

or

AGORACOM Investor Relations

www.agoracom.com/ir/libertystar

lbsu@agoracom.com