InvesTrend Research Syndicate

Liberty Mines Inc.
TSX VENTURE : LBE
TSX : LBE

Liberty Mines Inc.

May 22, 2006 08:39 ET

Liberty Mines Rated 'Speculative Buy/4' By Investrend Research Analyst Kipley Lytel, CFA

NEW YORK, NEW YORK--(CCNMatthews - May 22, 2006) - Investrend Research Syndicate - Liberty Mines, Inc. (TSX VENTURE:LBE)(OTCBB:LBEFF) has been rated "Speculative Buy/4" by Investrend Research analyst Kipley Lytel, CFA, in an initiating Benchmark research report.

The full report is at http://www.investrendresearch.com.

The analyst stated:

"LBE is a development stage company engaged in locating, exploring and producing nickel and cobalt. The first stage of Liberty's operations revolves around its wholly owned Redstone Nickel mine, where production has commenced.

Three advanced stage projects are being prepared for production:

- Redstone Nickel Mine;

- McWatters Nickel Deposit;

- McAra Lake Cobalt Deposit.

LBE has reached an agreement with Jilin Jien Nickel Industry Co. Ltd. of China, providing itself with a bonified buyer of nickel concentrate.vvLBE is well positioned to enter Canada's Top 5 Nickel producers.

First operating revenues are expected to begin June 2006.

During the last 6 months, LBE has raised approximately $9 million. Nickel eemand is expected to remain high. Inventories and growing demand should keep nickel prices high at least through 2008, when new Nickel mining projects become operational."

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