SOURCE: Liberty Mines Inc.

August 14, 2007 08:00 ET

Liberty Expands the McWatters Nickel Deposit

EDMONTON, AB--(Marketwire - August 14, 2007) - Liberty Mines Inc. (TSX-V: LBE) ("Liberty or the Corporation") is pleased to announce drill results from ongoing definition drilling at Liberty's McWatters nickel ("Ni") deposit. A combination of exploration and definition diamond drilling from surface has been designed to accurately identify the ore zone for mining, scheduled to commence later this year. The core lengths presented in the following table are the intersected core lengths, and the composite lengths are core weighted. These do not necessarily represent the true width of the ore body.

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Hole Number     From(m)  To(m)   Interval(m)     Ni%
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MCW-07-74       71.0     131.0     60.0         0.70
Including                           2.0         1.02
And                                 2.0         1.05
And                                 3.0         1.11
And                                 0.7         4.59
MCW-07-75       65.0      82.0     17.0         0.58
Including                           1.0         1.01
MCW-07-65       72.0      86.0     14.0         0.55
               125.0     145.15    20.15        1.02
including                           2.35        6.27
And                                 0.95       12.25
MCW-07-66       63.0      84.0     21.0         0.62
Including                           1.0         1.18
And                                 1.0         1.94
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Borehole Coordinates
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Hole Number       Collar Coordinates          Azimuth      Dip
            ------------------------------
            Easting   Northing   Elevation
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MCW-07-65   10045.5    4936.8      293          360        -57
MCW-07-66   10045.5    4936.8      293          360        -45
MCW-07-74   10015      4936.6      293          360        -55
MCW-07-75   10015      4936.6      293          360        -50
---------------------------------------------------------------

Initial results of the diamond drilling program have exceeded the company's expectations. MCW-07-65 and MCW-07-66 have expanded the mineralized zone by approximately 10m to the north. "These results are very encouraging," said Liberty's Vice President of Exploration, William Randall. "We did not expect to expand the deposit to this extent, and will continue to systematically investigate every section for similar mineralized zones," he added.

The project was supervised by Liberty's Vice President of Exploration, William Randall MSc (Geology), and by Richard Allard P. Geo, a qualified person as defined by National Instrument 43-101. According to the company sampling protocol, half of the diamond drill core is sampled and sent to ALS CHEMEX in Timmins to be prepared for analysis. The prepared samples are then forwarded to the ALS CHEMEX Laboratory in Vancouver for analysis. Base metal values are analyzed by aqua regia digestion and ICP-AES finish. A rigorous QA/QC program is implemented consisting of regular insertion of standards and blanks to ensure laboratory integrity

About Liberty Mines Inc.

Liberty Mines Inc. is a mineral exploration and development company with a focus on the development and mining 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 startup 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