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: 2007-12-05

Reporting Person: GUERRA JAMES (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-10-29	Common Stock	A	1000000	—	Acquired	1000000	Direct
2007-12-05	Common Stock	A	18621	—	Acquired	1018621	Direct
2007-12-05	Common Stock	D	7448	$.35	Disposed	1011173	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-10-29	Stock Option (Right to Buy)	$.235	A	1000000	Acquired	2017-10-29	Common Stock (1000000)	Direct
2007-10-29	Stock Option (Right to Buy)	$.35	A	55863	Acquired	2017-12-05	Common Stock (55863)	Direct

Footnotes

F1: On October 29, 2007, pursuant to the terms and conditions of an Employment Agreement, dated October 29, 2007, the Issuer
granted to Mr. Guerra 1,000,000 shares of its common stock.

F2: On December 5, 2007, the Issuer granted 18,621 shares of its common stock to Mr. Guerra as part its annual equity
compensation to its employees

F3: The Issuer redeemed 7,448 shares from Mr. Guerra on December 5, 2007. Proceeds of this redemption were paid directly to
federal and/or state taxing authorities to cover Mr. Guerra's tax liability relating to the grant of 18,621 shares of common
stock of Mr. Guerra.

F4: On October 29, 2007, pursuant to the terms and conditions of an Employment Agreement, dated October 29, 2007, the Issuer
granted to Mr. Guerra incentive stock options for the purchase of 1,000,000 shares of the Issuer's common stock at an
exercise price of $0.235 per share.

F5: On December 5, 2007, the Issuer granted to Mr. Guerra an incentive stock option for the purchase of 55,863 shares of the
Issuer's common stock as part of its annual equity compensation to its employees.