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: MUSHAKOV ANDREY (EVP - Intl Nuclear Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-12-05	Common Stock	A	103225	—	Acquired	1543225	Direct
2007-12-05	Common Stock	D	41290	$.35	Disposed	1501935	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-12-05	Stock Option (Right to Buy)	$.35	A	309674	Acquired	2017-12-05	Common Stock (309674)	Direct

Footnotes

F1: On December 5, 2007, the Issuer granted 103,225 shares of its common stock to Mr. Mushakov as part its annual equity
compensation to its employees.

F2: The Issuer redeemed 41,290 shares from Mr. Mushakov on December 5, 2007. Proceeds of this redemption were paid directly to
federal and/or state taxing authorities to cover Mr. Mushakov's tax liability relating to the grant of 103,225 shares of
common stock of Mr. Mushakov.

F3: On December 5, 2007, the Issuer granted to Mr. Mushakov an option for the purchase of 309,674 shares of the Issuer's common
stock as part of its annual equity compensation to its employees.