Liberty Star Sued by Warrant Holders

Liberty Star Uranium & Metals Corp. (LBSR) announces that on August 26, 2010, Platinum Long Term Growth VI LLC and Alpha Capital Anstalt, two former lenders of the Company , filed lawsuit in the United States District Court, Southern District of New York, against the Company and James Briscoe. The Plaintiffs are seeking to require the Company to honor outstanding warrants held by the Plaintiffs at an exercise price of $0.002 (two tenths of one cent) per share and to issue to the Plaintiffs ten times the number of warrants that the Company has on record, or in the alternative money damages.