Liberty Mines Inc.
TSX : LBE

Liberty Mines Inc.

September 15, 2008 16:19 ET

Liberty Begins Pre-Production at the McWatters Nickel Mine

EDMONTON, ALBERTA--(Marketwire - Sept. 15, 2008) - Liberty Mines Inc. ("Liberty or the Corporation") (TSX:LBE) is pleased to announce that pre-production has commenced at the McWatters nickel mine from the 65m level. Development of the sills from the upper levels at 65m and 100m while the ramp is continued to the 130m level will provide 200-600 tonnes per day ("t/d") of pre-production ore with an average of 400 t/d during the fourth quarter ("Q4") of 2008. Production from the mine will increase up to 1400 t/d in Q1 2009. By early Q2 2009, production may be increased to 1600-1700 t/d as the ore body can be mined at a higher production rate using long hole stoping. Ore will be concentrated at Liberty's Redstone nickel concentrator, located 9.5 km west at the Redstone Mine site.

Significant challenges were overcome to bring the McWatters mine online including: resolving delays in permitting by the signing of the Shaw Dome agreements with the First Nations; construction of the portal during harsh winter conditions; and resolving a ground water percolation issue through a fault structure during construction of the ramp.

Gary Nash, President and CEO of Liberty commented: "Despite these challenges, the McWatters mine was permitted and brought into pre-production in 18 months. This is a timely achievement for a new underground operation and the teams deserve full credit for their expertise and tenaciousness to accomplish this task. Bringing McWatters online is an important development for the Corporation as it provides the ore necessary to run our milling operations near capacity. Investors have been anxiously awaiting this announcement as it is fundamental to achieving the anticipated financial growth of the Company."

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, receipt of mining permits and leases and 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