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Independent Study Validates Non-Proliferation Benefits of Lightbridge's Proprietary Metallic Fuel



Independent Study Validates Non-Proliferation Benefits of Lightbridge's
Proprietary Metallic Fuel

MCLEAN, Va., March 21, 2013 (GLOBE NEWSWIRE) -- Lightbridge Corporation
(Nasdaq:LTBR) today announced that an independent analysis by Pace Global, a
Siemens (NYSE:SI) business, confirms the Company's patented metallic fuel
design has superior non-proliferation benefits compared to current nuclear
fuels.

According to the report, the reasons for the superior non-proliferation
benefits include:

  * "The amount of residual plutonium [at the end of the fuel's useful life]
    is significantly smaller in the Lightbridge designs" and there are "large
    fractions of neutron [absorbing elements] in Lightbridge metallic fuel"
    that would poison an attempt to make an explosive device from the
    material;
     
  * Any attempt to reprocess spent Lightbridge fuel would require "additional
    complex chemical processing of the metallic portion of the fuel," and "it
    is believed no industrial-scale process has been developed for this
    purpose;"
     
  * "Current U.S. reactor fuels and the proposed Lightbridge design are all
    classified as LEU (low enriched uranium)" that "cannot be used directly
    for the construction of nuclear weapons." "If a diverter had the necessary
    access to enrichment facilities, it would actually be more efficient and
    stealthy for the [diverter] to process natural uranium to the highly
    enriched state," as opposed to processing LEU.

"We are pleased by this independent confirmation of the fuel's significant
non-proliferation benefits and by the steady achievement of technical
milestones on the way to regulatory approval and commercialization of our
fuel," said Seth Grae, Lightbridge President and CEO.

A December 2012 Pace Global analysis of Lightbridge fuel concluded 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," Grae added.

Both analyses can be accessed via the Investor Relations page of Lightbridge's
website www.ltbridge.com.

The Pace Global non-proliferation and economic analyses follow 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
http://www.new.ans.org/pubs/journals/nt/v_180:3.

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
http://twitter.com/lightbridgecorp.

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

About Pace Global Energy Services, LLC

Pace Global, a Siemens business, is a leading energy consulting and management
company. Pace Global 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 over 60 countries, Pace Global teams have worked
closely with clients to define strategies and implement solutions. Now a part
of the Sustainability and Energy Management business within Siemens, Pace
Global helps to provide full end-to-end integrated energy solutions for
enterprise clients and governments worldwide. For more information, please
visit www.paceglobal.com.

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.

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

         Holt Bradshaw
         Executive Director
         Pace Global
         703-818-9100
         www.paceglobal.com

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