SOURCE: Liberty Mines Inc.

April 27, 2007 08:50 ET

Drill Results at the Hart Nickel Project and Exploration Update

TIMMINS, ON -- (MARKET WIRE) -- April 27, 2007 -- Liberty Mines Inc. (TSX-V: LBE) ("Liberty or the Corporation") is pleased to present the results of the first four boreholes from recent drilling at the Hart nickel ("Ni") project. As indicated in the press release of March 5, 2007, mineralization was encountered at least 65m west of drilling by previous operators. These results continue to both generally confirm and expand the historical drilling at the project. Twelve holes have been drilled to date and results will be updated in batches as they are received. The drill will continue at the project to prove up a resource to NI 43-101 standards. Lengths in the following tables are drill intersected core lengths, and composite intervals are length weighted.

-***-

Hole      Collar (grid)      Azimuth Dip Length From    To    Interval  Ni
Name   Northing Easting Elev. (grid)             (m)    (m)      (m)   (%)

H-07-06  4025    2400    1000  360   -65  175.5 128.4  129.65   1.25   1.4
H-07-07  4025    2400    1000  360   -46    134   111   114.3    3.3  0.96
H-07-08  4020    2500    1000  360   -65    158 107.3  110.15   2.85  0.54
Including                                       109.9  110.15   0.25  1.02
H-07-08  4020    2500    1000  360   -65    158   135   138.7    3.7   1.3
H-07-09  4020    2500    1000  360   -46    116    74    78.3    4.3  0.71

-****-
Canadian Arrow Mines Ltd., with which Liberty has the option to complete the purchase of the Hart project, reported the following drilling results in their April 4, 2006 press release under the direction of Todd Keast, P.Geo, a qualified person under National Instrument 43-101.
-***-

Hole      Collar (grid)      Azimuth Dip Length From    To    Interval  Ni
Name   Northing Easting Elev. (grid)             (m)    (m)      (m)   (%)

H-05-01  4067    2465    1000  360   -45     50 14.37  18.85    4.48  1.66
H-05-02  4067    2465    1000  360   -60     50    19   22.4    3.40  0.97
H-05-03  4050    2500    1000  360   -45     65  47.8   48.9    1.10  0.52
H-05-04  4050    2500    1000  360   -60     71  54.5   56.5    2.00  0.42
H-05-05  4050    2500    1000  360   -70     70  55.5   60.5    5.00  0.56

-****-
The deposit dips steeply to the south and is historically known to be at least 300m deep with one hole reported to intersect 2.20m of 2.77% Ni at that depth. Liberty will be testing the deeper zones as part of the ongoing drill program.

The Hart project is one of several aggressive drill programs underway. Drilling will commence in May on the west Redstone optioned claims. The Company will have 2 drills investigating the deep zones at the Redstone Mine; one drill at the Hart project; one drill at the west Redstone claims and one to start soon at the McAra Lake cobalt project. Results from the deep drilling at the Redstone Mine will be presented soon. Two boreholes have been drilled and two wedge holes, one from each borehole, have been completed.

The project was supervised by Liberty's Vice President of Exploration, William Randall MSc (Geology), and by Pat Pope P. Geo, a qualified person as defined by National Instrument 43-101. According to company sampling protocol, half of the diamond drill core is sampled, and sent to ALS CHEMEX Laboratory (sample preparation is completed in Timmins and sent to Vancouver for analysis). Base metal values were analysed by acid digestion and ICP-AES finish. A rigorous QA/QC program is implemented consisting of regular insertion of standards and blanks to insure laboratory integrity.

About Liberty Mines Inc.

Liberty Mines Inc. is a mineral exploration and development company with a focus on the development and production of nickel, cobalt, copper and platinum group metals from its properties in Ontario.

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 start-up and operating costs detailed herein and from time to time in the filings made by Liberty with securities regulators.

Contact Information

  • For further information please contact:
    Dr. Gary Nash, PhD (Physics)
    President & CEO
    Liberty Mines Inc.
    Phone (416) 238-9736
    Fax 780-437-7898
    e-mail: Email Contact

    Press Release 12-07