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Liberty Star Uranium & Metals Corp. (LBSR.OB) is “One to Watch”

Trading on the OTCBB, Liberty Star Uranium & Metals Corp. is a mineral exploration company. The Company engages in the acquisition and exploration of mineral properties in the states of Arizona, Alaska, and Sonora, Mexico. They control properties totaling approximately 160,000 acres, which are within what management considers some of North America’s richest mineralized regions for uranium, copper, gold, silver and molybdenum (moly). Liberty Star Uranium & Metals Corp. has their corporate headquarters in Tucson, Arizona.

Liberty Star Gold Corp. began in 2004. In April 2007, the Company’s name underwent change to Liberty Star Uranium & Metals Corp. to reflect better the diversity of their properties. Liberty Star holds, under their North Pipes Super Project, 1856 standard Federal lode-mining claims. These cover more than 38,000 acres in numerous blocks targeting breccia pipe hosted uranium deposits. The Company has a joint venture agreement with XState Resources, Ltd. for exploring, developing, and mining some targets.

Liberty Star, through their wholly owned subsidiary, Big Chunk Corp., also holds the claims to their Big Chunk Super Project. The Company’s Big Chunk Super Project (BCSP) comprises State of Alaska mining claims covering approximately 177 square miles in the Lake Iliamna region of southwestern Alaska. It targets copper, gold and molybdenum. Through Big Chunk Corp., they also hold the claims to their Bonanza Hills Project, covering approximately 14 square miles in southwestern Alaska and targeting gold with by-product silver. The Big Chunk lands are adjacent to the Pebble property.

On May 18, 2010, Liberty Star Uranium & Metals Corp. announced that they received the completed 2D ZTEM Report for the Big Chunk South Block from their geophysical contractor Geotech Ltd. The report states that their interpretation “shows at least 6 to 7…signatures…that are consistent with porphyry copper responses…Comparison against ZTEM 2D resistivity inversion results have defined resistivity features that resemble typical potassic-altered core and pyritic-propylitic halos over known porphyry systems, extending to great depth (>1 km or 3,000 feet).”

On July 8, 2010, Liberty Star Uranium & Metals Corp. announced a new partnership with Northern Dynasty Minerals Ltd., holders of the Pebble property. Liberty Star sold 13 percent of their Alaska lands (23.4 square miles) to Northern Dynasty. The two companies expect to finalize an agreement that includes a definitive earn in option for Northern Dynasty and joint venture agreement that sees a 60/40 split for Northern Dynasty and Liberty Star.

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