TUCSON, Ariz.--(BUSINESS WIRE)--Liberty Star Uranium & Metals Corp. (???Liberty
Star?????or the?????Company???)
(OTCQB:
LBSR) is pleased to announce a very positive response to the meeting and
presentation of the Company???s wholly owned Hay
Mountain Project by Liberty Star President James A. Briscoe and
Director Brett Gross in Manila, Philippines. Mr. Briscoe offers his
assessment of the presentation and meeting conducted March 2-3 in Manila:
???We presented the Hay Mountain Project in great detail to a group of 16
long experienced mining professionals and potential investors in
downtown Manila, Philippines on Monday. The response was very positive
to both the geologic details and the business proposition presented by
Director Gross. The company has been in almost constant communication
since the presentation, and we believe substantial and important
progress is being made toward financing of Phase 1, which will then lead
to Phase 2 in the following year.
???Preparation for the meeting took place on Sunday, March 1, 2015, as
some of the participants arrived a day early and were staying at the
same hotel we were presenting in. The prerequisite to attend the meeting
was signing a binding legal non-disclosure and non-compete (ND/NC)
agreement. This task had been completed by several of the early
attendees, so they were able to partake in generalities about Hay
Mountain. The following morning work started at 7 a.m. in obtaining
signatures from the rest of the attendees, several of whom had traveled
great distances to attend. Once all the ND/NC documents were signed, the
meeting started on time at 9 a.m.
???I presented first, reviewing detailed geologic, geochemical,
geophysical details and interpretation of the detailed and various
studies that have been conducted over the last four years. At the end of
about 2.5 hours, we took a short break and then Brett Gross presented
the business plan, and ongoing questions and comments were answered and
discussed, on both presentations.
???Significant interest continues after the Manila meeting. Four mining
experts are expected to travel to Tucson, where a thorough tour will be
arranged, which will take an expected three to four days, to examine
local large mines that are similar to what is expected at depth at Hay
Mountain. The tour will be conducted as soon as travel visas can be
arranged. We believe that because of their background they will be as
impressed with the potential as we are. Of course success cannot be
assured, but this a very strong starting point.
???Other interested parties of significant stature are currently
discussing a starting point, which is our stringent ND/NC document. We
hope that we can continue meaningful negotiations with them as well.
???Considering the low point in the copper cycle, it is encouraging that
we are getting such substantial response, and I look forward to the
potential that Phase 1 will be financed soon.???
???James A. Briscoe??? James
A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty
Star Uranium & Metals Corp.
Forward-Looking Statements
Statements in this news release that are not historical are
forward-looking statements. Forward-looking statements in this news
release include: that the meetings in Manila, Philippines were
substantial and that important progress is being made toward financing
of Phase 1, which will then lead to Phase 2 in the following year.
Factors which may delay or prevent these forward-looking statements from
being realized include: our inability to agree with a potential investor
on terms of their participation in the Hay Mountain Project or any
project; we may not be able to raise sufficient funds to complete our
intended exploration or carry on operations; an inability to continue
exploration due to weather, logistical problems or hazards even if funds
are available. Readers should refer to the risk disclosures in the
Company???s recent 10-K and the Company???s other periodic reports filed
from time to time with the Securities and Exchange Commission.