SOURCE: Liberty Mines Inc.

September 10, 2007 08:00 ET

Liberty intersects 1.17% Nickel Over 27.4m at the Hart Project

EDMONTON, AB--(Marketwire - September 10, 2007) - Liberty Mines Inc. (TSX-V: LBE) ("Liberty or the Corporation") is pleased to announce that continued diamond drilling at the Hart Nickel ("Ni") Project has intersected the largest significantly mineralized core lengths ever drilled on the property. Borehole H-07-30 intersected the mineralized horizon at a depth of approximately 325 meters below surface, and approximately 50m west and down plunge of borehole H-07-28. H-07-30 intersected 27.4 meters averaging 1.17% Ni and H-07-28 intersected 1.04% Ni over 9.55 meters of drill core. One previous borehole had historically tested the 300m level hitting 2.19m of 2.77% Ni in 1968. The core lengths presented in the table are the intersected lengths, and the composite lengths are core weighted.

-****-

--------------------------------------------------------------------
Hole Number       From (m)     To (m)          Interval (m)      Ni%
--------------------------------------------------------------------
H-07-30               317.0     344.4                27.4       1.17
--------------------------------------------------------------------
Including                                            13.6       1.93
--------------------------------------------------------------------
And                                                  3.40       2.36
--------------------------------------------------------------------
H-07-29               276.0      277.6               1.60       1.48
--------------------------------------------------------------------
Including                                            0.40       3.90
--------------------------------------------------------------------
H-07-28               306.0     315.55               9.55       1.04
--------------------------------------------------------------------
Including                                            3.88       2.04
--------------------------------------------------------------------
H-07-27               254.0      258.0               4.00       0.53
--------------------------------------------------------------------

                        Borehole Coordinates

---------------------------------------------------------------------
                         Collar Coordinates
---------------------------------------------------------------------
Hole Number     Easting     Northing    Elevation     Azimuth     Dip
---------------------------------------------------------------------
H-07-30         2500        3900        1000          360         -75
---------------------------------------------------------------------
H-07-29         2500        3900        1000          360         -65
---------------------------------------------------------------------
H-07-28         2550        3900        1000          360         -75
---------------------------------------------------------------------
H-07-27         2550        3900        1000          360         -55
---------------------------------------------------------------------

-****-

Due to the variability in dip of the orebody the true width of the mineralized intervals for all boreholes reported to date represent between approximately 70 percent and 95 percent of the reported intersections.

The large mineralized intersections encountered by both of these holes are interpreted to delineate a large pool of sulphide mineralization that is currently open to the east, west and at depth. The nickel bearing zones in these holes consist of massive, semi-massive, net-textured and heavily disseminated sulphides interpreted to have accumulated by gravitational settling in a large paleotopographic depression. Sulphide pools of this nature represent a large portion of the mined orebodies in the Kambalda nickel district, Western Australia.

"Holes H-07-30 and H-07-28 represent a significant breakthrough for Liberty, adding viability to our expectations that Hart will form the Company's third mineable deposit," said William Randall, Liberty's Vice President of Exploration. "Diamond drilling will now focus on delineating this zone to the east, west and at depth. We hope to continue expanding this deposit," he added.

The project was supervised by Liberty's Vice President of Exploration, William Randall MSc (Geology), Tyron Breytenbach BSc (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.

Press Release 27-07

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