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: GRAE SETH (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-12-29	Common Stock	D	638990	$0.205	Disposed	11430400	Direct
2007-01-05	Common Stock	A	3000000	—	Acquired	14430400	Direct

Footnotes

F1: The Issuer redeemed 638,990 shares from Mr. Grae on December 29, 2006. 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 exercise of options to purchase
1,521,394 shares of the Issuer's common stock.

F2: The Issuer issued to Mr. Grae 3,000,000 shares of common stock as partial compensation for services provided by Mr. Grae to
the Issuer in 2006.