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: GRAE SETH (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-01-26	Common Stock	D	1200000	$0.20	Disposed	13230400	Direct

Footnotes

F1: The Issuer redeemed 1,200,000 shares from Mr. Grae on January 26, 2007. The proceeds of this redemption were paid directly
to federal and/or state taxing authorities to cover Mr. Grae's tax liability relating to the grant of 3,000,000 shares of
common stock to Mr. Grae as partial compensation for services provided by Mr. Grae to the Issuer in 2006.