Lightbridge Promotes Jonathan Baggett to Vice President - Program Management

Lightbridge Promotes Jonathan Baggett to Vice President - Program Management

MCLEAN, Va., Feb. 18, 2013 (GLOBE NEWSWIRE) -- 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 Jonathan Baggett, manager of Lightbridge's
advisory services contracts with foreign governments planning to create
nuclear power programs, has been named Vice President – Program Management.

"Jonathan's role in strategic planning and management of Lightbridge-designed
civil nuclear programs has helped establish Lightbridge as an independent and
innovative provider of comprehensive advisory services for emerging nuclear
power programs," said Seth Grae, Lightbridge President and Chief Executive
Officer. "He also is helping to drive business development initiatives in our
pursuit of additional international nuclear advisory projects."

Baggett, a certified Project Management Professional (PMP), joined Lightbridge
in 2007 from Medical Solutions, Inc., Chantilly, Va. where he designed
patented medical devices.Before that, he was a manufacturing engineer with an
aerospace thermal insulation manufacturer in Atlanta.An accomplished
collegiate cyclist at the Division I level, Baggett earned a master's degree
in systems engineering at the University of Virginia and a Bachelor of Science
degree in aerospace engineering from Georgia Institute of Technology.

About Lightbridge Corporation

Lightbridge is a U.S. 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 current
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
http://twitter.com/lightbridgecorp.

The Lightbridge Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=17075

Forward Looking Statements

This news release contains statements that are forward-looking in nature,
including statements regarding the Company's competitive position and product
and service offerings. These statements are based on current expectations on
the date of this press release and involve a number of risks and
uncertainties, which 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.

CONTACT: Gary Sharpe, Investor Relations, Lightbridge Corporation,
         571-730-1213, gsharpe@ltbridge.com

company logo
 
Press spacebar to pause and continue. Press esc to stop.