LIGHTBRIDGE Corp — Director's Dealing 2006

Aug 7, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NOVASTAR RESOURCES LTD. (NVAS.OB)
CIK: 0001084554
Period of Report: 2006-07-27

Reporting Person: GRAHAM THOMAS JR (Director, Chairman and Interim Secretary)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-07-27	Stock Option	$0.49	A	1500000	Acquired	2016-07-27	Stock Option (1500000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.001 par value	190000	Direct

Footnotes

F1: Previously reported (not amended).

F2: The stock option was granted pursuant to a stock option agreement between the Reporting Person and the Issuer, dated as of
July 27, 2006.

F3: The option vested with respect to 1/36 of the total number of shares on July 27, 2006 and thereafter vests with respect to
1/36 of the total number of shares on the first day of each month until all shares underlying the Option have vested. The
option immediately automatically vest in full upon termination of the reporting person without Cause (as defined in an
employment agreement between the Reporting Person and the Company, effective as of July 27, 2006).