Liberty Mines Announces Board Changes

May 27, 2011 (Filing Services Canada) -- Liberty Mines Inc. (LBE - TSX), is pleased to announce that the AGM will be held at the Toronto Board of Trade - Downtown Centre in Toronto on June 28, 2011

At this AGM shareholders will be asked to consider and vote on the nomination of a smaller Board of five members. As a result of the reduction in size of the Board (intended to be more flexible and more readily permit expansion in the event of any significant corporate transactions), Mr. Xu Guangping  and Mr. Wang Xingrui will be retiring from the Board but remain available to the Company as consultants

The Company wishes to thank the retiring Directors for their selfless service.

A total of 1,505,000 incentive share purchase options have been granted to Officers, Directors and employees to acquire shares at $0.115 per share for a period of three years with vesting periods varying from immediate to three years.

Chris Stewart, President & CEO of Liberty Mines, commented: "I have been most impressed with the positive reception and support the current board has shown me over the past few weeks as I transitioned into my new role here at Liberty.  I believe these changes to the board along with changes we are making within our operations will further strengthen our ability to create a new era for Liberty Mines."  

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. It owns and operates the Redstone nickel concentrator near Timmins Ontario.

About Jilin Jien Nickel Industry Co., Ltd.

Jilin Jien is one of the largest holding subsidiaries of Jilin Horoc Nonferrous Metal Group Co., Ltd., which was founded in 1960.

Horoc and Jien own four nickel mines, one molybdenum mine, one silver mine, two smelters, seven refineries, and two chemical plants with total assets over RMB 3.0 billion. The company professionally provides all kinds of nickel, copper, cobalt salts and nonferrous metal products for plating, chemical plating, battery materials and metallurgy.

Jilin Jien is one of the biggest producers of nickel sulfate in the world, with annual output of 25,000 tons. In September 2003, Jilin Jien Nickel Industry Co., Ltd. was listed on the A-share market of the Shanghai Stock Exchange with stock code of 600432.

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 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; regulatory approvals; 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. Forward-looking statements speak only as of the date on which they are made. The Company undertakes no obligation to publicly update any such statement or reflect new information or the occurrence of future events or circumstances, except where required by securities regulations. Accordingly, readers should not place undue reliance on forward-looking statements.


For further information please contact:
Chris Stewart, President & CEO
Phone (780) 485-2299 Fax 780-485-2253    
cstewart@libertymines.com  

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Source: Liberty Mines Inc. (TSX: LBE) http:// www.libertymines.com
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