SOURCE: Liberty Mines Inc.

June 12, 2007 08:50 ET

Liberty Hits 5.68% Nickel at the Hart Project

TIMMINS, ON--(Marketwire - June 12, 2007) - Liberty Mines Inc. ("Liberty or the Corporation") (TSX-V: LBE) is pleased to announce the continued intersection of nickel ("Ni") mineralization at the Hart project. Mineralization is now known over a strike length of approximately 300m starting from about 15m below surface and extending to 205m. The core lengths presented in the table are the intersected lengths, and the composite lengths are core weighted.

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Hole Number   Vertical depth    From(m)   To(m)   Interval(m)  Ni%
              from surface(m)
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H07-18           78              104      106.7       2.7      1.41
H07-21          162              210.2    211.6       1.4      1.45
H07-22          205              233      236.7       3.7      2.91
Including                                             1.2      5.68
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                  Borehole Coordinates

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Hole Number    Collar Coordinates    Azimuth    Dip
              --------------------------------------------
               Northing   Easting
----------------------------------------------------------
H07-18         4000       2350        360       -47
H07-21         3936       2500        360       -50
H07-22         3680       2500        360       -60
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Drill holes H07-21 and H07-22 represent the first two holes following the down-dip extension of the mineralized horizon defined above. The results are very encouraging as they clearly represent Ni enrichment at depth; probably due to a larger distance between the ultramafic body and the iron formation so that the Ni has had a chance to precipitate out of the silicate melt during transport. These results show good potential at depth, as the Ni tenor of the sulphides has increased markedly with values reaching 5% Ni in the deepest hole to date drilled by Liberty. Furthermore, there is one deeper historical drill hole reported to have intersected 2.20m of 2.77% Ni at approximately 300m below the surface which provides a deeper target to be confirmed by the ongoing drill program.

Drill holes H07-10 to H07-17, H07-19 and H07-20 reported no significant values of Ni. They were designed to test the far westerly and easterly extensions of the ultramafic flow.

Drilling will commence again at the Hart project next week as the drill was moved to the west Redstone optioned claims a few weeks ago to do assessment work as required by the option agreement. One drill is now at the McWatters project and another will begin drilling a target near the Galata project.

The project was supervised by Liberty's Vice President of Exploration, William Randall MSc (Geology), 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 Laboratory (sample preparation is completed in Timmins and sent to Vancouver for analysis). Base metal values were analyzed by acid 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