Replies to post #122697 on Liberty Star Uranium and Metals Corp (LBSR)

[Belgianshareholder]

On November 13, 2012, we entered into a loan settlement agreement (the “Agreement”) with Northern Dynasty Minerals Ltd. (“Northern Dynasty”), whereby we agreed to settle the loan owing to Northern Dynasty in the principal amount of $3,730,174 plus all accrued interest in the amount of $872,543 in consideration for the transfer by us to U5 Resources Inc., a subsidiary of Northern Dynasty, 199 mining claims within the south block of our Big Chunk Super Project.