Liberty Star Uranium and Metals Corp (LBSR)

[PURA VIDA]

I'm not sure how it works since we have not seen the complete structure of the entity. As we have not seen the complete SRK update, the ZTEM models explained, nor much of any true details on Hay Mountain.

Now, we are expected to vote yes to increase the already bloated 1Billion 250Million share count by 500% to 6Billion 250Million and that money will be used to invest in what ? Developing properties that aren't even ours, buying more properties when we have been told the majority of ours are already analyzed and drill ready?

Graphics - Share count increase etc.

I have already voted "No". This has been 11 years for me, and I have heard all of the excuses I am willing to hear. 10's of millions have been expended since I began investing in this bottomless pit in 2004 and story after story after story has been given. Investors have come and gone, but people on this board want to say I am a flip-flopper and emotional. That's fine, I am not here looking for buddies. Talk about flip-flopping - take a good look at the flipping and flopping of the company and it's targets.

We have been in discussions with a funder that suggests we should invest in near surface, high grade, quickly minable projects that will begin to generate production cash quickly. We find this strategy very compelling and we are in discussions with this funder to assist us in this strategy. We will continue to work methodically with low expenditure of funds to advance Hay Mountain. When base and precious metal projects of large scale can attract funding we will use these funds to bring the large Hay Mountain Project forward. (This implies that Hay Mountain is now on the back burner along with Big Chunk and North Pipes)

a.In the last three weeks we have taken a look at about 10 targets that would fit the above suggested approach.

b.We have chosen two projects that we think are promising:

i. One that we have extensive data on is for high grade silver and gold near surface mineralization right here in Arizona, that with recently available mining equipment and exploration technology we can move forward relatively quickly and believe we can be mining within a year or less.

ii. The second site in Utah is for near surface, high grade uranium mineralization which has been compiled and become available during the most recent downturn in the uranium price. Again this would be from high grade, near surface bodies that could be mined at low cost, with the same mining and technological equipment, mentioned in i. above.

The Ultimate Flip-Flopper is below: