LIGHTBRIDGE Corp — Director's Dealing 2007

Jan 30, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Thorium Power, Ltd (THPW.OB)
CIK: 0001084554
Period of Report: 2007-01-26

Reporting Person: MUSHAKOV ANDREY (Ex VP, INTL Nuclear Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-01-26	Common Stock	D	420000	$0.20	Disposed	1440000	Direct

Footnotes

F1: The Issuer redeemed 420,000 shares from Mr. Mushakov on January 26, 2007. The 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 1,000,000 shares
of common stock to Mr. Mushakov as partial compensation for services provided by Mr. Mushakov to the Issuer in 2006.