LIGHTBRIDGE Corp — Director's Dealing 2007

Jan 10, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Thorium Power, Ltd (THPW.OB)
CIK: 0001084554
Period of Report: 2007-01-05

Reporting Person: GRAHAM THOMAS JR (Director, Chairman)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-01-01	Nonqualified Stock Options	$0.39	D	2562780	Disposed	2007-01-31	Common Stock (2562780)	Direct
2007-01-01	Nonqualified Stock Options	$0.30	A	467242	Acquired	2008-12-15	Common Stock (467242)	Direct

Footnotes

F1: The option was cancelled by mutual agreement of the reporting person and the Issuer. As consideration for the cancellation,
the reporting person was granted new options as disclosed above.