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      &lt;b&gt;NOTE 1 &amp;#8211; Interim financial statement disclosure&lt;/b&gt;
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    &lt;p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;"&gt;The condensed consolidated financial statements included herein have been prepared by Liberty Star Uranium &amp;amp; Metals Corp. without audit, pursuant to the rules and regulations of the United States Securities and Exchange Commission (&amp;#8220;SEC&amp;#8221;) and should be read in conjunction with our annual report on Form 10-K for the year ended January 31, 2013 as filed with the SEC under the Securities and Exchange Act of 1934 (the &amp;#8220;Exchange Act&amp;#8221;). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted, as permitted by the SEC, although we believe the disclosures which are made are adequate to make the information presented not misleading. The condensed consolidated financial statements reflect, in the opinion of management, all normal recurring adjustments necessary to present fairly our financial position at July 31, 2013 and the results of our operations and cash flows for the periods presented.&lt;/p&gt;
    &lt;p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;"&gt;Interim results are subject to significant seasonal variations and the results of operations for the three and six months ended July 31, 2013 are not necessarily indicative of the results to be expected for the full year.&lt;/p&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef

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