Apr. 13, 2011 (Filing Services Canada) -- Liberty Mines Inc. (LBE - TSX), The Board of Directors of Liberty Mines Inc. (LBE-TSX) is pleased to announce the conclusion of its rigorous CEO selection process. Mr. Chris Stewart will be formally appointed CEO of LBE as soon as he completes his duties with his present employer, expected to be in a short number of weeks.
Mr. Stewart comes from a strong operational background, having served most recently as the Manager of Shaft Projects for BHP Billiton's Jansen Project in Saskatchewan.
Mr. Stewart is a licensed professional engineer with 18 years of experience in the mineral industry. He has established a strong track record in mining services and operations supported by a solid reputation for maintaining exceptional standards of workplace safety.
Prior to joining Liberty Mines Inc., Mr. Stewart has held executive positions including serving as Vice President with TESC Mining Services and Lake Shore Gold Corp. whereas Vice President of Operations he led the company from exploration to production. He holds a B.Sc in Mining Engineering from Queen's University in Kingston, Ontario.
Mr. Wu, Director of Liberty and Chairman of Jilin Jien Nickel Industry Co. Ltd. commented, "We have been looking forward to the appointment of a new CEO who is going to lead Liberty into the future. We had a tremendous response by those seeking the position and the luxury of being able to choose from many qualified candidates. We can now develop and implement new strategies and grow Liberty into a sustainable mid-tier nickel producer with the new management team led by Chris."
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. Jilin Jien 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:
James A. Richardson, Interim President & CEO
Phone (780) 485-2299 or 416-410-5297 Fax 780-485-2253
e-mail: jayr@libertymines.com
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Source: Liberty Mines Inc. (TSX: LBE) http:// www.libertymines.com
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