Liberty Star and NPX Metals Enter Revised Agreement on Gold-Silver Nevada Property

TUCSON, Ariz., Oct 22, 2008 (BUSINESS WIRE) -- Liberty Star Uranium & Metals Corp. (LBSU) (the "Company") announces that it has signed an agreement to sell its option land at the Providence Project to NPX Metals Inc ("NPX"). The option land, adjacent to land already held by NPX, is believed to host commercially relevant quantities of disseminated gold and silver in Nevada's historic Beatty Mining District.

The Company's option which was obtained at little cost and forms the northwestern pit wall of the Montgomery-Shoshone (M-S) open pit, last mined in the 1990s by Barrick Bull Frog Mining Company a subsidiary of Barrick Gold Corp. and others for disseminated gold and silver. The mineral zone appears to continue from the M-S open pit on to the Providence Project, but has yet to be drill tested for precious metal mineralization (NR 74, April 29, 2008).

In general, the terms set forth in the sales agreement made during the summer of 2008, with revisions October 15, 2008, provide that the Company will assign its interest in the Providence Project option land to NPX for $200,000. The two companies have also agreed that NPX will hire Liberty Star to provide exploration and development services on the project area. The Liberty Star geology team has begun field work in the area.

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. Forward-looking statements in this news release include that we will sell our option land for $200,000 and that we will be hired to conduct exploration and development work on the property. Factors that may prevent or delay these statements coming to fruition include inability to come to final agreement on sale, terms on payment in the sale or in the work, other contractors offering better terms or our inability to perform the work required. Readers should refer to the risk disclosures outlined in the Company's most recent 10-KSB and the Company's other periodic reports filed from time to time with the Securities and Exchange Commission.

About Liberty Star's Mineral Exploration Projects

Liberty Star Uranium & Metals Corp. is a mineral exploration company currently with ongoing exploration interests for the discovery of uranium ore deposits on the Arizona Strip region of the Colorado Plateau (North Pipes Super Project). Liberty Star also maintains exploration projects in Alaska for copper, gold, silver and moly, in Nevada for gold and silver, and southern Arizona for porphyry copper and other metals. Information on these can be found at Liberty Star's web site http://www.libertystaruranium.com/.

About NPX Minerals Inc.

NPX Metals is a mineral exploration company focused on properties in Arizona and Nevada, headquartered in Apache Junction, Arizona. NPX Metals is a Nevada Domestic Corporation (see Nevada Secretary of State Business Entity E0254852006-7) incorporated in April 2006. President/Director Daniel Bleak is a mining industry entrepreneur. Corporate officers include Denis Corin (director), Johnathan Lindsay, (director, secretary, treasurer) and Randall Reneau (director). Bret Judd is the manager for Exploration & Land Tenure.

SOURCE: Liberty Star Uranium & Metals Corp.
Liberty Star Uranium & Metals Corp.
Tracy Myers, 520-731-8786(Investor Relations)
info@LibertyStarUranium.com
Liberty Star Uranium


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