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

Thu Mar 21, 2013 11:49am EDT

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http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130321:nGNXUXKFRa

MCLEAN, Va., March 21, 2013 (GLOBE NEWSWIRE) -- Lightbridge Corporation
http://www.globenewswire.com/newsroom/ctr?d=10025930&l=1&a=Lightbridge%20Corporation&u=http%3A%2F%2Fwww.ltbridge.com%2F
 (Nasdaq:LTBR) today announced that an independent analysis by Pace Global
http://www.globenewswire.com/newsroom/ctr?d=10025930&l=1&a=Pace%20Global&u=http%3A%2F%2Fwww.paceglobal.com%2F
, a Siemens
http://www.globenewswire.com/newsroom/ctr?d=10025930&l=1&a=Siemens&u=http%3A%2F%2Fwww.siemens.com%2Finvestor%2Fen%2Fcompany_overview.htm
 (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
http://www.globenewswire.com/newsroom/ctr?d=10025930&l=2&a=report&u=http%3A%2F%2Fbit.ly%2FZxc7Un ,
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
http://www.globenewswire.com/newsroom/ctr?d=10025930&l=3&a=Seth%20Grae%2C%20Lightbridge%20President%20and%20CEO&u=http%3A%2F%2Fwww.ltbridge.com%2Fleadership%2Fmanagement%2Fseth-grae
.

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
http://www.globenewswire.com/newsroom/ctr?d=10025930&l=5&a=www.ltbridge.com&u=http%3A%2F%2Fwww.ltbridge.com%2F
.

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
http://www.globenewswire.com/newsroom/ctr?d=10025930&l=6&a=Nuclear%20Technology&u=http%3A%2F%2Fwww.new.ans.org%2Fpubs%2Fjournals%2Fnt%2Fv_180%3A3
, a publication of the American Nuclear Society
http://www.globenewswire.com/newsroom/ctr?d=10025930&l=6&a=American%20Nuclear%20Society&u=http%3A%2F%2Fwww.ans.org%2F
. An abstract of the article is available at http://www.new.ans.org/pubs/journals/nt/v_180:3
http://www.globenewswire.com/newsroom/ctr?d=10025930&l=6&u=http%3A%2F%2Fwww.new.ans.org%2Fpubs%2Fjournals%2Fnt%2Fv_180%3A3
.

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
http://www.globenewswire.com/newsroom/ctr?d=10025930&l=9&u=http%3A%2F%2Ftwitter.com%2Flightbridgecorp
.

The Lightbridge Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=17075
http://www.globenewswire.com/newsroom/ctr?d=10025930&l=10&u=http%3A%2F%2Fwww.globenewswire.com%2Fnewsroom%2Fprs%2F%3Fpkgid%3D17075


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
http://www.globenewswire.com/newsroom/ctr?d=10025930&l=12&a=www.paceglobal.com&u=http%3A%2F%2Fwww.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
http://www.globenewswire.com/newsroom/ctr?d=10025930&l=14&a=Securities%20and%20Exchange%20Commission&u=http%3A%2F%2Fwww.sec.gov%2Fcgi-bin%2Fbrowse-edgar%3Faction%3Dgetcompany%26CIK%3D0001084554%26owner%3Dexclude%26count%3D40
. 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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