Kathleen Kennedy Townsend Joins Lightbridge Board of Directors

Kathleen Kennedy Townsend Joins Lightbridge Board of Directors

MCLEAN, Va., Oct. 8, 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 the Honorable Kathleen Kennedy Townsend,
Director at The Rock Creek Groupand Lieutenant Governor of Maryland from 1995
to 2003, has been named to the Company's Board of Directors effective
immediately. Ms. Townsend, a former Lightbridge Senior Advisor, succeeds Jack
D. Ladd, a distinguished attorney specializing in energy and Dean of the
School of Business and Engineering at the University of Texas of the Permian
Basin, who stepped down after seven years to serve as a Lightbridge Senior
Advisor.

"We look forward to Kathleen's insight and guidance as a member of the
Lightbridge board as well as chair of the board's Audit Committee," said
Ambassador Thomas Graham, Jr., Executive Chairman."She is an important
addition to Lightbridge as the Company continues to advance development and
commercialization of its innovative nuclear fuel technology."

"Lightbridge's nuclear fuel technology places the Company on the threshold of
a new era in commercial power," Ms. Townsend said."The indicated benefits of
Lightbridge fuel will help the nuclear utility industry deliver safe,
low-carbon, baseload power through enhanced operating economics on a global
scale.I'm excited to be a part of these developments."

Ms. Townsend has a a long history of accomplishments in the public and private
sectors.She is a Director at The Rock Creek Group, a Washington, D.C. based
investment advisor founded by the former treasurer of the World Bank.She was
the State of Maryland's first woman Lieutenant Governor.She had
responsibility for a multibillion-dollar budget and oversight of major cabinet
departments.Before her 1995 election, Ms. Townsend served as Deputy Assistant
Attorney General of the United States.She led the planning to put 100,000
police officers into communities and she ignited the Police Corps, a program
to give college scholarships to young people who pledge to work as police
officers for four years after graduating.Earlier in her career, Ms. Townsend
served as the founder and director of the Maryland Student Service Alliance.

Ms. Townsend is an honors graduate of Harvard University, and earned her law
degree from the University of New Mexico.She has received 12 honorary
degrees.A member of the bar in Maryland, Connecticut and Massachusetts, she
is also a certified broker-dealer and author.

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.

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Forward Looking Statement

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 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
         Lightbridge Corporation
         571-730-1213
         gsharpe@ltbridge.com

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