Former Lightbridge Corporation Board Member Jack D. Ladd, Sr.

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MCLEAN, Va., Oct. 18, 2013 (GLOBE NEWSWIRE) -- Jack DeVere Ladd, Sr., age 63, a distinguished attorney, Dean of the College of Business and Engineering of the University of Texas of the Permian Basin, and former member of the Lightbridge Corporation Board of Directors from 2006 to 2013, died October 16, 2013 in Dallas, Texas.

"Jack provided Lightbridge with invaluable counsel and guidance at critical times in the Company's growth and development," said Thomas Graham, Jr., Lightbridge Executive Chairman. "He touched many lives and was a selfless friend who will be deeply missed. We extend our condolences and prayers to Connie and the rest of the Ladd family. Blessings, Jack, on your journey."

Mr. Ladd joined the Lightbridge Board of Directors in 2006, stepping down in September 2013 to serve as a Senior Advisor. He was appointed Dean of the College of Business and Engineering at UTPB in 2007. Previously, he was Director of the John Ben Shepperd Leadership Institute of UTPB.

Earlier, Mr. Ladd practiced law at the firm of Stubbeman, McRae, Sealy, Laughlin & Browder, Inc., in Midland, Texas. He was appointed to the Texas State Securities Board in 2002 and two years later was designated its Chairman where he served until 2010.

For nearly three decades, Mr. Ladd worked in public affairs, law, governance, and public service. He also served on numerous civic, educational, religious and governmental boards and committees. He was a director of two other public corporations and one private corporation. He earned Doctor of Jurisprudence and B.A. degrees from The University of Texas in Austin.

About Lightbridge Corporation

Lightbridge is a U.S. nuclear energy company based in McLean, Virginia with operations in Moscow and London. The Company develops proprietary, proliferation resistant, next generation nuclear fuel technologies for current and future nuclear reactor systems. The Company also provides comprehensive advisory services for established and emerging nuclear programs based on a philosophy of transparency, non-proliferation, safety and operational excellence. Lightbridge's breakthrough fuel technology is establishing new global standards for safe and clean nuclear power and leading the way to a sustainable energy future. Lightbridge consultants provide integrated strategic advice and expertise across a range of disciplines including regulatory affairs, nuclear reactor procurement and deployment, reactor and fuel technology and international relations. The Company leverages those broad and integrated capabilities by offering its services to commercial entities and governments with a need to establish or expand nuclear industry capabilities and infrastructure.

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CONTACT: Gary Sharpe Investor Relations Lightbridge Corporation 571-730-1213 gsharpe@ltbridge.com

Source:Lightbridge Corporation