SOURCE: Century Capital Markets

September 05, 2012 07:30 ET

Liberty Gold Announces 'Visible Gold' in Initial Samples on Their Arizona Property

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the CENTURY CAPITAL MARKETS.

NEW YORK, NY--(Marketwire - Sep 5, 2012) - Liberty Gold, Corp. (OTCQB: LBGO) has announced that they have 'visible metallics and gold' from bulk samplings taken from their properties. Initial samples were collected from 5 different locations within the Domestic Portfolio holdings to determine whether, once processed, visible gold was present at 3 different screen sizes: 100 minus, 50 minus and 25 minus. Samples from each of the 5 different locations resulted in the detection of visible metallics.

Lynn Harrison, Liberty Gold's President and CEO is encouraged by the results of the samplings and will now proceed with larger samplings to assess the full mineral potential of the property. The company has also recently announced the doubling of their Alaska claim.

In June 2012, Goldman Sachs updated its forecast on the gold price to US$ 1,940.- within the following 12 months, i.e. by mid of 2013. Barclays Capital expects a gold price of US$ 1,790.- in the fourth quarter of 2012, while Morgan Stanley now predicts gold prices to be on a level of US$ 2,000.- during that quarter.

Other active metal mining stocks are: Great Northern Iron Ore (NYSE: GNI), Kaiser Aluminum (NASDAQ: KALU) and Commercial Metals Co (NYSE: CMC)

This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Information, opinions and analysis contained herein are based on sources deemed to be reliable and are subject to change without notice. A third party has hired and paid Century Capital Markets one thousand two hundred and ninety five dollars for the publication and circulation of this news release. Accordingly, certain information included herein may be forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. However, no representation, expressed or implied, is made as to the accuracy, completeness or correctness. In light of the above, we accept no liability for any losses arising from an investor's reliance on or use of this report. We do not and have not had any ownership interest in said third party of any kind.

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