Liberty Star Uranium & Metals Corp.

Combining Classic Mineral Exploration with State of the Art Technology

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Message: Hay Mountain

Just some general commentary for discussion, if you will...

No one in this business is ever going to say, "I don't like your terms, so I wash my hands of you." Everything is open ended always, at least until that property is no longer available. That's just a fact of life.

And management by ethics and by law can never say, "We are close to having a deal." "...never ever under any circumstances" will that happen. [...partial quote from former CJOSC, Earl Warren.]

Changing market condiditions, too, will effect levels of interest such that someone who seems "hot" one day may not be the next, but neither does that mean the "interested party" has walked away. This is what's happened at NPSP, I'm sure, as the price of uranium fell below the cost of production soon after "interest" was revealed. Now that POU is up, "interest" may be higher too, but neither does that mean a deal will be done even if POU shoots up another 10 bucks...but the expression of interest will still be there until the property is no longer available.

As to the term "pending offers", that could as much be fact as it could simply be legally allowable "puffery". Either way, the compny can not say any more. People keep expecting otherwise, but it can't be so.

I have every confidence that JB and BOD are attempting to get shareholders the best deal possible, and I am also very certain the company has "interested parties." Whether or not, or how soon that interest manifests into a memorandum of understanding is an entirely different matter, and that is a subject management can not address in a public way without a press release.

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