Liberty Star Uranium and Metals Corp (LBSR)

[Belgianshareholder]

Re. JB's presentation in Scottsdale yesterday (part 1)

Please note that I made no attempt to be thorough, that I recorded things that may not be of interest
generally. I only made notes where my interest was provoked, or where I noted something I thought to share. These are not likely to correspond to that which the typical shareholder may find of value.

Also, some of what I offer here must be viewed as interpretation, which may or may not be factual. Read cautiously, and always verify
anything which may cause you to make a decision one way or another.

Further, while JB's presentation was logical and orderly, what I made notes on does not reflect that.

Firstly, let me say that this was my first meeting with JB, and it confirmed (in my mind) what I'd heard and believed from other sources, that he is a brilliant and dedicated scientist, and a "straight shooter".

Including me, and excluding JB, there were 17 of us in the room. I could be wrong, but my impression was that only 3 or 4 of us were what I might consider "experienced" in the mining sector. And in a random observation, nearly everyone left the room at the conclusion of the presentation.

O.k., now, as to why we are hearing more from the company lately, it's because they are just emerging from an SEC mandated "quite period", which grew our of the Fairhills deal. In other words, news was building, but it could not be released until recently. So, what we have now is a company in need of cash in a tough market for raising it, especially among exploration-phase mining companies. While the Fairhills
deal is in place, it is not as advantageous as alternatives, such as raising cash in private offerings from existing shareholders (hence the tour).


Sentiment : Strong Buy