NASDAQ : LTBR

RedChip Global Online CEO Conference 17 July 2014

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Safe Harbor Statement This presentation includes or incorporates by reference statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. These statements include, but are not imitated to, information or assumptions about revenues, gross profit, expenses, income, capital and other expenditures, financing plans, capital structure, cash flow, liquidity, management’s plans, goals and objectives for future operations and growth. In some cases, you can identify forward-looking statements by the use of words such as “may”, “could”, “expect”, “intend”, “plan”, “seek”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “project”, “continue”, or the negative of these terms or other comparable terminology. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties, and other factors which are, in some cases, beyond our control and which could materially affect actual results, levels of activity, performance or achievements. These risks and uncertainties include, but are not limited to, the factors mentioned in the “Risk Factors” section of our most recent annual and quarterly reports on Forms 10-K and 10-Q, and other risks mentioned in our other reports filed with the Commission. The forward-looking statements contained in this presentation are made only of this date, and Lightbridge Corporation is under no obligation to revise or update these forward-looking statements.

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The nuclear energy industry has lain stagnant for over 30 years and has suffered from missteps and perception issues.

Lightbridge is here to innovate and change the conversation.

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By listening to utilities we saw we could solve industry issues by designing new fuel which is compatible with existing & new reactors.

The resulting solution- Lightbridge’s proprietary fuel technology- addresses the two overarching issues afflicting the nuclear industry.

Lightbridge delivers: . Improved Economics . Improved Safety

power uprates for existing pressurized water reactors

10%

power uprates for new build pressurized water reactors

30%

period between refueling outages increased from 18 to 24 months for existing pressurized water reactors

+6 months

ahead of any potential competitor due to testing and regulatory requirements

10+ yrs.

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Lightbridge technology has been independently validated by venerable industry organizations. Numerous 3rd party analyses confirm Lightbridge fuel design:

Technology value proposition

U.S. nuclear supply chain issues and implications for Lightbridge metallic fuel

Lightbridge metallic PWR fuel evaluation of proliferation resistance properties

ANS’ Nuclear Technology journal (peer review):

Independent validation includes:

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The world’s demand for energy is rapidly rising. Nuclear is the only clean, sustainable and reliable solution that addresses increasing base load demand.

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Capacity Factor %

Nuclear is in position to displace coal for base load energy sources - bringing the non-emission benefits of renewables, but with reliability of delivery.

nuclear coal hydro gas wind solar 7

0

50

100

150

200

250

1200 2500

Environmental impact (CO2 lbs/MWh)

Levelized costs for Incremental Power ($/MWh) solar wind natural gas

coal nuclear Lightbridge uprate

solar

wind

nuclear

Lightbridge

gas

coal

Source: Siemens Industry Inc, EIA Annual Energy Outlook 2014, and EPRI “Program on Technology Innovation’”

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Nuclear & coal are base load generation.

Nuclear is best suited to displace coal.

Renewables are not base load generation sources.

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Lightbridge is advancing nuclear energy

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Increases electric

generation

Improves

safety

Enhances

economics

Decreases

waste

DECREASES WASTE

Reduces volume of spent fuel

Reduces radio-toxicity of spent fuel

Enhances proliferation resistance of spent fuel

ENHANCES ECONOMICS

Period between refueling outages increased from 18 to 24 months for existing pressurized water reactors

Increases nuclear plant capacity factors

Allows utilities more flexibility to plan for refueling shutdowns

INCREASES ELECTRIC GENERATION

10 – 17% power uprate for existing pressurized water reactors

Up to 30% power uprate for new build pressurized water reactors

Applicable to boiling water reactors and light water based small modular reactors

IMPROVES SAFETY

Improves response to design basis events (Three Mile Island)

Increases fuel reliability and reduced occupational exposures

Improves margin to fuel rod safety limits (Fukushima Daiichi)

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efficient heat transfer enhanced structural integrity

reduced operating temperature

Lightbridge fuel

360c

conventional fuel

1250c

Lightbridge fuel is designed for safety.

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Financial & economic benefits.

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$48M

$4M

$8M

10% uprate

24 month cycle

fewer outages *assumes wholesale power price of $55/MWh

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Operating pressurized water reactors larger than 900 MWe with more than 20 years

licensed life at 2025 Source – The Global Nuclear Fuel Market. Supply and Demand 2011-2030, World Nuclear Association, August 2011 and updated numbers from the World Nuclear

Association database of nuclear reactors

364

127

249

261

554

614

TARGET

ADDITIONAL

OPPORTUNITY

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2014 2025 2030

Royalty Revenue Projections For 10% Power Uprate Fuel

Captured share of target market for 10% power uprates

Wholesale electricity price of $65/MWh

Note: The revenue projections include an escalation factor of 3% per year. The 20-40% market share of the PWR target market for 10% power uprates represents approximately 8-16% of the entire

projected global market size in 2025.

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$503M

$755M

$1B

20% 30% 40%

*Siemens Industry Inc. Levelized Cost Model December 2012

total incremental investment

incremental gross margin

$65/MWh

wholesale electricity price

$85M* $43M 50%

internal rate of return

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Severe accident testing

Partnership with fuel vendor

Host utility commits to

licensing Demonstrate

full length manufacturing

Begin testing in research reactor

NRC approval

First use in commercial

reactors

high risk

medium risk

low risk

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Commercial strategies & footprint

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Lightbridge investor value proposition:

Unparalleled combination of nuclear industry intellectual capital and management expertise

Patented technology delivers safer solutions at lower cost

Two business lines offer strong revenue and margin growth

Nuclear is the only clean, sustainable, and reliable solution that addresses increasing base load electricity demand

NASDAQ : LTBR 25

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