Liberty Star Raises Cash to Cover Claim Rental/Assessment Work and Corporate Purposes

• On Monday August 31, 2009, 9:07 am EDT

TUCSON, Ariz.--(BUSINESS WIRE)--Liberty Star Uranium & Metals Corp. (the “Company”) (OTCBB:LBSU - News) is pleased to announce that a $589,177 financing has been finalized as of August 14, 2009. The latest transaction is a 12% Convertible Note issued by five financial sources familiar with the Company’s history (see the SEC 8K filing, 8/20/09 for detailed information).

These funds will be used to finance airborne geophysics over the porphyry copper-gold claims comprising the Big Chunk Super Project (adjacent to the Pebble porphyry project in the Iliamna mining district of SW Alaska). The geophysical work will satisfy remaining assessment requirements for these claims and yield information to depth regarding potential metallic mineralization.

Rental fees for the Arizona mining claims, including the North Pipes Super Project uranium claims, and at the East Silver Bell Porphyry Copper Project and Tombstone Porphyry Project, will be paid from the newly acquired funding.

ON BEHALF OF THE BOARD OF DIRECTORS
“James A. Briscoe”
James A. Briscoe, President/Director

SAFE HARBOR STATEMENT

Statements in this news release that are not historical are forward-looking statements. Readers should refer to the risk disclosures outlined in the Company’s recent 10-KSB and the Company’s other periodic reports filed from time to time with the Securities and Exchange Commission.

About the Liberty Star Please refer to our web site at http://www.LibertyStarUranium.com