Lightbridge Corporation Announces $4.375 Million Registered Direct Offering

Lightbridge Corporation Announces $4.375 Million Registered Direct Offering

MCLEAN, Va., Oct. 22, 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 it has priced a registered direct offering
with certain institutional investors, for gross proceeds of $4.375 million
before deducting placement agent fees and estimated offering expenses.

Under the terms of the offering, Lightbridge will sell a total of 2,500,000
units, each of which consists of a newly issued share of common stock and a
warrant to purchase 0.5 of a share of common stock, at $1.75 per unit. The
warrants have an exercise price of $2.30 per share.The warrants will be
exercisable beginning on the six-month anniversary of the closing date of the
offering and will expire seven years from that date.

The offering is expected to close on or about October 25, 2013 subject to the
satisfaction of customary closing conditions. Lightbridge intends to use the
net proceeds of the offering for general working capital purposes, including
funding the Company's continued work on its metallic nuclear fuel design
business.

William Blair & Company, L.L.C. acted as the exclusive placement agent for the
offering.

The securities described above are being offered by Lightbridge through a
prospectus supplement pursuant to Lightbridge's shelf registration statement
previously filed and declared effective by the Securities and Exchange
Commission and the base prospectus contained therein. A prospectus supplement
related to the offering will be filed with the Securities and Exchange
Commission. This news release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction. The securities may be
offered only by means of a prospectus, including a prospectus supplement,
forming a part of the effective registration statement. Copies of the final
prospectus supplement and accompanying based prospectus may be obtained, when
available, from William Blair & Company, L.L.C. at 222 West Adams, Chicago,
Illinois 60606, attention: Prospectus Department at Tel: (800) 621-0687,
e-mail: prospectus@williamblair.com, or the Securities and Exchange
Commission's website at http://www.sec.gov.

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.

Forward Looking Statement

This news release contains statements that are forward-looking in nature
within the meaning of the Private Securities Litigation Reform Act of 1995,
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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