Lightbridge Joins New Russell Microcap Index

Lightbridge, Inc. (NASDAQ: LTBG), a leading transaction processing company, today announced it has been selected to join the new Russell Microcap(TM) Index.

The newly launched Russell Microcap Index, which debuted on July 1, is composed of the smallest 1,000 securities in the small-cap Russell 2000 Index plus the next 1,000 securities, based on a ranking of all U.S. equities by market capitalization.

"We are very pleased to be included in this new index," said Bob Donahue, president and CEO of Lightbridge. "We look forward to the broadened investor awareness that may result from our inclusion in the Russell Microcap Index and hope it will help support our efforts to build shareholder value."

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. Companies on the list represent more than $2.5 trillion in assets. The index offers portfolio managers and other investors a comprehensive, unbiased barometer to compare their performance against the genuine microcap marketplace of stocks. Russell recently posted a membership list for the Russell Microcap at www.russell.com/US/Indexes.

About Lightbridge

Lightbridge Inc. is a leading transaction processing company that businesses trust to manage customer transactions. Lightbridge adds value to fraud prevention, credit qualification, and payment authorization. Lightbridge solutions leverage intelligent automated systems and human expertise, delivered primarily through the efficiencies and cost savings of an outsourced business model. Businesses use Lightbridge to make smarter decisions, deliver better services, provide secure payments, reduce costs and enhance the lifetime value of their customers. For more information, visit www.lightbridge.com.

About Russell

Russell, a global leader in multi-manager investment services, provides investment products and services in more than 39 countries. Russell manages more than $135 billion in assets and advises clients worldwide representing $2.3 trillion. Founded in 1936, Russell is a subsidiary of Northwestern Mutual and is headquartered in Tacoma, Wash., with additional offices in New York, Toronto, London, Paris, Singapore, Sydney, Auckland and Tokyo.

LIGHTBRIDGE is a registered trademark and the Lightbridge logo is a trademark of Lightbridge, Inc. All other trademarks and registered trademarks are the properties of their respective owners.

Forward-looking Statements

Certain statements in this news release that are not statements of historical facts may constitute forward-looking statements including, without limitation, those related to broader investor awareness and our efforts to build shareholder value. Actual results may vary materially from those contained in forward-looking statements based on a number of factors including, without limitation, (i) dependence on a limited number of clients, (ii) the Company's revenue concentration in the wireless telecommunications business and the declining subscriber growth rate in that business, (iii) continuing rapid change in the telecommunications industry, payment processing industry and other markets in which the Company does business that may affect both the Company and its clients, (iv) continuing demand for the Company's products, services and technologies, (v) the impact of the sale of the Company's INS business unit on the Company and its business and operations, (vi) current and future economic conditions generally and particularly in the telecommunications industry and payment processing industry, (vii) the Company's ability to execute on its objectives, plans or strategies, including, without limitation, its plans to explore strategic alternatives for its TDS business unit and (viii) the factors disclosed in the Company's filings with the U.S. Securities and Exchange Commission including, without limitation, its 2004 Annual Report on Form 10-K and its most recent quarterly reports. The Company undertakes no obligation to update any forward-looking statements.

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