Pace Global Independent Study Validates Economic Benefits Of Lightbridge's Proprietary Metallic Fuel

  Pace Global Independent Study Validates Economic Benefits Of Lightbridge's
                          Proprietary Metallic Fuel

PR Newswire

MCLEAN, Va., Dec. 5, 2012

MCLEAN, Va., Dec. 5, 2012 /PRNewswire/ --Lightbridge Corporation (NASDAQ:
LTBR), a leading innovator of next generation nuclear fuel designs and
provider of nuclear energy consulting services to commercial and governmental
organizations, today announced that independent analysis of the Company's fuel
design validates the technology's indicated benefits of increased power output
and enhanced operating economics for nuclear utilities.

"Power uprate project economics are generally attractive for nuclear plant
owners," the study concluded. "The economics of Lightbridge's nominal 10%
capacity uprate are attractive since the uprate's levelized cost of generation
is below the expected market price for power in 2021 and that of most
incremental power uprates on fossil fueled units." The economic analysis was
prepared by Pace Global Energy Services LLC, a Siemens business, working with
a global engineering firm with expertise in the nuclear power industry.

"This analysis by a credible and respected expert advances the strategic
positioning of Lightbridge's fuel technology within the nuclear power
industry," said Seth Grae, Lightbridge President and Chief Executive Officer.
"The Pace Global study shows that Lightbridge's metallic fuel can deliver
significantly improved economics to nuclear utilities from increased power
output and extended fuel cycles, resulting in highly attractive returns on
invested capital, even with conservative assumptions on reactor conversion and
regulatory licensing costs, and fuel technology licensing fees paid to
Lightbridge. The economics for a 10% power uprate case are quite favorable
across both regulated and unregulated utility markets and provide the cheapest
source of incremental generating capacity compared to building a new nuclear
or non-nuclear power plant."

Other findings of the Pace Global study include projected increases in
domestic wholesale power prices of 4.5% per year from 2013 to 2030, which
would further improve the economics for utilities using Lightbridge's fuel.
Power prices are expected to average more than $70/MWh (as measured in 2012
U.S. dollars) by 2030, compared with an estimated range of $29 to $41/MWh in
2013, the study says. The full report can be accessed via Lightbridge's
website in the Featured Reports and Presentations section of the Company's
Investor Relations page.

"While the Pace Global study focused exclusively on power uprates in existing
4-loop Westinghouse-type 1,100-MWe pressurized water reactors (PWR),
Lightbridge's metallic fuel is also expected to deliver improved plant
economics in new PWR designs such as AP-1000, EPR and similar new reactor
designs, boiling water reactors, and light water-based small modular reactor
designs," Grae said.

The Pace Global economic analysis comes after the recent publication of a
peer-reviewed article that highlights how the Company's next generation fuel
is capable of increasing the power output and extending the fuel-cycle length
of light water reactors. The article also reviews the unique geometry and
composition of the metallic fuel and its application to power uprates in light
water reactors. The article was published in the December 2012 edition of
Nuclear Technology, a publication of the American Nuclear Society. An
abstract of the article is available at

About Lightbridge Corporation
Lightbridge is a US nuclear energy company based in McLean, Virginia with
operations in Abu Dhabi, Moscow and London. The Company develops proprietary,
proliferation resistant, next generation nuclear fuel technologies for
existing and future nuclear reactor systems. The Company also provides
comprehensive advisory services for established and emerging nuclear programs
based on a philosophy of transparency, non-proliferation, safety and
operational excellence. Lightbridge's breakthrough fuel technology is
establishing new global standards for safe and clean nuclear power and leading
the way to a sustainable energy future. Lightbridge consultants provide
integrated strategic advice and expertise across a range of disciplines
including regulatory affairs, nuclear reactor procurement and deployment,
reactor and fuel technology and international relations. The Company
leverages those broad and integrated capabilities by offering its services to
commercial entities and governments with a need to establish or expand nuclear
industry capabilities and infrastructure.

Lightbridge is on Twitter. Sign up to follow @LightbridgeCorp at

About Pace Global Energy Services, LLC
Pace Global, a unit of the Building Technologies division of Siemens AG, is a
leading energy consulting and management company. The company combines deep
industry knowledge with commercial, technical, financial, and regulatory
expertise to help organizations maximize value and manage risk in today's
complex energy and environmental markets. For more than 35 years and in more
than 60 countries, Pace Global has worked closely with its clients to define
strategies and implement solutions. The company offers a unique, integrated
perspective our clients have come to trust, which we call the Power of
Integration. For more information, visit

Forward Looking Statements
This news release contains statements that are forward-looking in nature,
including statements regarding Lightbridge's competitive position and product
and service offerings. These statements are based on current expectations on
the date of this news release and involve a number of risks and uncertainties
that may cause actual results to differ significantly from such estimates.
The risks include, but are not limited to, the degree of market adoption of
the Company's product and service offerings; market competition; dependence on
strategic partners; and the Company's ability to manage its business
effectively in a rapidly evolving market. Certain of these and other risks
are set forth in more detail in Lightbridge's filings with the Securities and
Exchange Commission. Lightbridge does not assume any obligation to update or
revise any such forward-looking statements, whether as the result of new
developments or otherwise.

Gary Sharpe
Investor Relations & Corporate Communications
Lightbridge Corporation

SOURCE Lightbridge Corporation

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