SOURCE: Liberty Silver Corp.

June 15, 2010 09:15 ET

Grass Roots Research Initiates Coverage of Liberty Silver Corporation

RENO, NV--(Marketwire - June 15, 2010) -  Liberty Silver Corp. (OTCBB: LBSV) ("Liberty" or the "Company") (libertysilvercorp.com) announced today that Grass Roots Research has initiated research coverage on the company.

The report concluded, Liberty Silver's "Preliminary estimates of mineable ore and silver deposits are favourable for re-opening the Trinity Mine. After the geophysical survey and analysis, and additional drilling, we expect the initial indications of silver reserves will be significantly higher than dated internal reports of the previous operator, which had a global estimate of 40 million oz." The report's recommendation concluded, "Silver prices are likely to rise due to increasing demand during this worldwide economic expansion, based on current estimates of minable reserves at the Trinity Silver mine we estimate a fair value for LBSV.OB of $4.40 per share." To see full report and disclaimers click here.

Stated William (Bill) Tafuri, Liberty Silver's President and COO, "We are very pleased that a top level independent research firm understands the tremendous extent of the opportunity we have at our Trinity Silver Project in Nevada. We are pushing forward with our programs and will continue to work towards our goal of building value for our shareholders."

Liberty Silver Corporation is reopening the Trinity Silver Project in Nevada which was once the largest silver producer in the United States. Over 5 million ounces of silver were produced from the Trinity Silver Project in just 2 years (1987-1989), however due to extremely low silver prices the mine was closed. Liberty Silver has employed a premier management team with an impressive track record for returning closed mines back to productive, profitable operations. Liberty Silver is currently moving forward with an innovative and technically advanced geophysical survey, open pit optimization studies and updated resource estimates.

About Grass Roots Research and Distribution, Inc. (GR) (www.grassrootsrd.com)
GR has raised the art of fundamental securities research by forecasting all of its companies for 5 years through the Income Statement, Balance sheet and Cash Flow statements. The Cohen Price Target™ is based on its 5 year forecasting model, normally assuming cash is raised for its client companies. GR independent third party stock research selectively initiates Independent Research Analyst Coverage for overlooked public corporations. The firm identifies and initiates non-traditional company research. GR selects micro cap stocks and small cap stocks with management teams focused on shareholder value, sustainable competitive advantage, and companies that demonstrate market leadership in their respective disciplines. GR distributes in-depth stock market research reports that highlight the company's market opportunity, technology, management, competition and other key differentiators that may affect their short and long term valuation.

About Liberty Silver Corp.
Liberty Silver Corp., a publicly held American company traded on the OTCBB as LBSV, is focused on exploring and developing mineral properties located in North America. The Company is led by a highly skilled, experienced management team and board of directors with decades of success managing exploration, development and mining projects. The Company is committed to creating value for its shareholders by advancing its current projects to production, developing new resources on its current properties, and by acquiring new properties that have potential to increase their resource base.

On behalf of the board of directors of Liberty Silver Corp.

William (Bill) Tafuri, President and COO

Certain statements in this press release are forward-looking and involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Liberty Silver Corp. bases these forward-looking statements on current expectations and projections about future events, based on information currently available. The forward-looking statements contained in this press release may also include statements relating to Liberty Silver Corp.'s anticipated financial performance, business prospects, new developments, strategies and similar matters. Liberty Silver Corp. disclaims any obligation to update any of its forward-looking statements, except as may be required by law.

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