Liberty Mines Inc.
TSX : LBE

Liberty Mines Inc.

January 03, 2008 16:26 ET

Liberty Provides Corporate Update

EDMONTON, ALBERTA--(Marketwire - Jan. 3, 2008) - Liberty Mines Inc. ("Liberty or the Corporation") (TSX:LBE) is pleased to announce Mr. Chris Buysen, BCom MPAcc CA, as Chief Financial Officer of the Corporation, effective January 2, 2008. Mr. Buysen has a Bachelor of Commerce Degree from the University of Alberta, a Master of Professional Accounting from the University of Saskatchewan and is a member of the Institute of Chartered Accountants of Alberta. He provided audit and assurance services while working at Grant Thornton LLP from 2000 to 2003 and with KPMG LLP from 2003 to 2006. Prior to joining Liberty, Mr. Buysen was the corporate controller for Flint Energy Services Ltd., an oil and natural gas service company listed on the Toronto Stock Exchange (TSX:FES).

"The operational experience that Chris gained in his senior financial role at Flint Energy Services is a welcome addition to a very fast growing company", said Liberty's President & CEO, Gary Nash. "On behalf of management and the Board of Directors of Liberty, I would like to thank Mr. Warren Cabral for his valuable contributions as CFO over the past year. We appreciate his commitment to working with Chris as a consultant to ensure a smooth and timely transition of this senior position in the Corporation", he added.

Incentive stock options were granted to directors, officers, and managers of the company to purchase an aggregate of 1,300,000 common shares exercisable at $1.40 per share for a period of five years. The options were granted pursuant to a stock option plan approved by shareholders on June 14, 2007.

About Liberty Mines Inc.

Liberty Mines Inc. is a producer of nickel and is focused on the exploration, development and production of nickel, copper, cobalt and platinum group metals from its properties in Ontario, Canada.

CAUTIONARY STATEMENT

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward looking statements". All statements other than statements of historical fact included in this release, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Liberty, are forward looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Liberty's expectations are exploration risks, commodity prices, assumed startup and operating costs detailed herein and from time to time in the filings made by Liberty with securities regulators.

Contact Information

  • Liberty Mines Inc.
    Dr. Gary Nash, PhD (Physics)
    President & CEO
    (416) 238-9736
    (780) 437-7898 (FAX)
    Email: gnash@libertymines.com