SOURCE: Thorium Power

October 15, 2008 09:15 ET

Thorium Power Announces Annual Shareholder Presentation and Meeting Dates

Annual Shareholders Presentation -- October 24, 2008; Annual Shareholders Meeting -- November 25, 2008

MCLEAN, VA--(Marketwire - October 15, 2008) - Thorium Power, Ltd. (OTCBB: THPW), the leading developer of non-proliferative nuclear fuel technology and provider of comprehensive advisory services for emerging nuclear programs, today set the date for its annual shareholder presentation and its annual shareholder meeting.

The Thorium Power Annual Shareholder Presentation will be held on Friday, October 24th, 2008, at 11:00 AM EDT. The presentation will take place at the office of Pillsbury Winthrop Shaw Pittman LLP at 1540 Broadway, New York, NY 10036 in the Winthrop Room on the 22nd Floor. The presentation, delivered by Thorium Power CEO Seth Grae and the senior management team, will cover the company's 2007-2008 accomplishments and provide an update on recent corporate developments.

The Thorium Power Annual Shareholders Meeting will be held on Tuesday, November 25th, 2008 at 12:00 PM EST. The meeting will be held at Thorium Power's corporate offices at 1600 Tyson's Boulevard, Suite 550, McLean, VA 22102. The meeting will feature the 2008 proxy vote official count.

To attend the New York City presentation or the McLean, VA meeting, please RSVP to the ir@thoriumpower.com email address or contact Peter Charles at 571-730-1200.

About Thorium Power, Ltd.

Thorium Power (OTCBB: THPW) is a pioneering U.S. nuclear energy company based in McLean, VA. The Company develops non-proliferative nuclear fuel technology and provides comprehensive advisory services for emerging nuclear programs based on a philosophy of transparency, non-proliferation, safety and operational excellence. Thorium Power's technologies, which are aimed at both existing and future reactors, include nuclear fuel designs optimized to address key concerns regarding traditional nuclear power, including proliferation of weapons usable nuclear materials and reduction of nuclear waste. The Company maintains a seasoned team with unparalleled experience from the nuclear energy industry, regulatory and government affairs, non-proliferation and diplomacy. It leverages those broad and integrated capabilities by offering consulting and strategic advisory services to commercial entities and governments with a need to establish or expand nuclear industry capabilities and infrastructure. Thorium Power also maintains long-standing relationships with leading Russian nuclear entities, providing expert resources and facilities for its nuclear fuel development activities. The Company enters into partnerships with participants in the global nuclear industry, allowing it to address a wide range of international opportunities.

DISCLAIMER

This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements. These forward-looking statements may include the description of our plans and objectives for future operations, assumptions underlying such plans and objectives, statements regarding benefits of new agreements and other statements identified by forward-looking terminology such as "may," "expects," "believes," "anticipates," "intends," "expects," "projects" or similar terms, variations of such terms or the negative of such terms. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein. Such information is based upon various assumptions made by, and expectations of, our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to significant economic and competitive uncertainties and contingencies beyond our control and upon assumptions with respect to the future business decisions which are subject to change. Accordingly, there can be no assurance that actual results will meet expectations and actual results may vary (perhaps materially) from certain of the results anticipated herein. Reference is made to the risk factors contained in our latest annual report as filed with the Securities and Exchange Commission. These factors may cause actual results to vary from the forward-looking statements contained in this release.

Further information is available on Thorium Power, Ltd.'s website at http://www.thoriumpower.com

Contact Information

  • CONTACT:
    Thorium Power, Ltd.
    Peter Charles
    571-730-1200
    Email Contact