LIGHTBRIDGE Corp — Director's Dealing 2007

Dec 7, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Thorium Power, Ltd (THPW.OB)
CIK: 0001084554
Period of Report: 2007-12-06

Reporting Person: MAGRAW DANIEL B (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-12-05	Common Stock	A	27931	$0.00	Acquired	389341	Direct
2007-12-05	Common Stock	P	25000	$.382	Acquired	414341	Indirect
2007-12-05	Common Stock	P	25000	$.38	Acquired	439341	Indirect
2007-12-05	Common Stock	P	25000	$.38	Acquired	464341	Direct
2007-12-05	Common Stock	P	25000	$.38	Acquired	489341	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-12-05	Stock Option (Right to Buy)	$0.35	A	83794	Acquired	2017-12-05	Common Stock (83794)	Direct

Footnotes

F1: On December 5, 2007, the Issuer granted 27,931 shares of its common stock to the Reporting Person as part its annual equity
compensation to its employees.

F2: On December 5, 2007, the Issuer granted the Reporting Person an incentive stock option for the purchase of 83,794 shares of
the Issuer's common stock as part of its annual equity compensation to its employees.