Liberty Star Uranium and Metals Corp (LBSR)

[PURA VIDA]

To the best of my knowledge, Our north pipes super project pipes have NEVER had ZTEM performed on them. Our company paid GEOTECH to perform ZTEM over "PEBBLE" to get a reference "PICTURE" of that enormous body, then we paid GEOTECH to ZTEM the adjacent areas in our SOUTHERN BIG CHUNK Alaskan land Claims.

As someone mentioned before, our North Pipes are just that. They are long somewhat bent PIPES that stretch from the surface down into the earth quite deeply somewhat like a jagged CONE, but not going to a point. You could actually take two cones and put one atop the ohter with the narrow points inward and cut the tips off so that they do not come to the complete point for a reference. They can become narrow, then a bit wider, then narrower again depending upon the leaching caused by nature from millions of years ago.

The concentrations of uranium are generally toward the center after you get through the hermit shale in most instances. (I think I remember this from the cross-sectional diagrams).

I think ZTEM makes more sense on LARGE HORIZONTAL and VERTICAL magnetic bodies such as HUGE COPPER/GOLD/MOLY/RHENIUM bodies as we most likey have discovered on our land claims in Alaska by way of the ZTEM results we received back in April and May of 2010. By all accounts - that was a GAME CHANGER in and of itself.

That ZTEM which we shared with Northern Dynasty was enough proof to them that there was a GOOD REASON to offer LBSR a proposal of loaning us 3.3 million dollars to pay off our creditors and legal fees, plus another 1 million dollars to buy the 23.4 square mile claim block. They have then proposed negotiating a Joint Venture project with us on the remaining Big Chunk Claims INCLUDING Bonanza HIlls which of course they just paid GEOTECH to ZTEM a few months back (quite costly). And of course, they have also paid to maintain the LBSR land claims in Alaska(again a significant cost)

All again points to continued interest from NAK that we are moving forward on that JV just as if it was in place. I do believe tht a Joint Venture of this magnitude (Possibly the largest mineral find in "WORLD" history would require some intense negotiations and INTENSE LEGAL preparation work).

Happy weekend everyone,

S4

S4