Lightbridge Corporation (Nasdaq: LTBR) today announced that due to the public health impact of the novel coronavirus (COVID-19) pandemic and to protect the health and well-being of its stockholders, employees, and the broader community, Lightbridge will hold its 2020 Annual Meeting of Stockholders in a virtual meeting format only, via live webcast. The Annual Meeting will be held on Thursday, September 3, 2020 beginning at 11:00 a.m. (Eastern Time).

Stockholders as of the close of business on July 15, 2020 will be able to attend the virtual Annual Meeting and vote their shares during the meeting by visiting http://www.virtualshareholdermeeting.com/LTBR2020 and entering the 16-digit control number that was included in their proxy card or voting instruction form. Stockholders are encouraged to access the virtual Annual Meeting prior to its start time. Online access will begin at 10:45 a.m. (Eastern Time).

Whether or not stockholders plan to attend the virtual Annual Meeting, we urge all stockholders to vote promptly and in advance of the meeting by using one of the methods described in the proxy materials. For additional information regarding accessing and participating in the virtual Annual Meeting, please refer to Lightbridge's proxy materials filed with the Securities and Exchange Commission on July 27, 2020.

About Lightbridge Corporation

Lightbridge (NASDAQ: LTBR) is an advanced nuclear fuel technology development company based in Reston, Virginia, United States. The Company is developing Lightbridge Fuel™, a proprietary next-generation nuclear fuel technology for current and future reactors, which significantly enhances the economics, safety, and proliferation resistance of nuclear power. Lightbridge invented, patented, and has independently validated its technology, with goals of preventing climate change and enhancing national security. The Company has assembled a world-class development team. Four large electric utilities that generate about half of America’s nuclear power advise Lightbridge on fuel development and deployment. The Company plans to operate under a licensing and royalty model and based on the increased power generated by Lightbridge-designed fuel, expects to offer high ROI for operators of existing and new reactors. For more information please visit: www.ltbridge.com.

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Forward Looking Statements

With the exception of historical matters, the matters discussed in this news release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the timing and outcome of research and development activities, other steps to commercialize Lightbridge Fuel™ and future governmental support and funding for nuclear energy. These statements are based on current expectations on the date of this news release and involve a number of risks and uncertainties that may cause actual results to differ significantly from such estimates. The risks include, but are not limited to: the Company’s ability to commercialize its nuclear fuel technology; the degree of market adoption of the Company's product and service offerings; market competition; dependence on strategic partners; demand for fuel for nuclear reactors; the Company's ability to manage its business effectively in a rapidly evolving market; changes in the political environment; risks associated with the further spread of COVID-19, including the ultimate impact of COVID-19 on people, economies, and the Company’s ability to access capital markets; the outcome of the arbitration with the Company’s former joint venture partner and dissolution of the Enfission joint venture; as well as other factors described in Lightbridge's filings with the U.S. Securities and Exchange Commission. Lightbridge does not assume any obligation to update or revise any such forward-looking statements, whether as the result of new developments or otherwise, except as required by law. Readers are cautioned not to put undue reliance on forward-looking statements.

A further description of risks and uncertainties can be found in Lightbridge’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and in its subsequent reports on Form 10-Q, including in the sections thereof captioned “Risk Factors” and “Forward-Looking Information and Factors That May Affect Future Results”, as well as in its subsequent reports on Form 8-K, all of which are filed with the U.S. Securities and Exchange Commission and available at http://www.sec.gov/ and www.ltbridge.com.

Investor Relations Contact:Matthew Abenante, IRCDirector of Investor Relations Tel: +1 (646) 828-8710 ir@ltbridge.com

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