Aug. 4, 2009 (Filing Services Canada) -- Liberty Mines Inc. (LBE - TSX), is pleased to present an update on the diamond drill program completed at the Sothman nickel project in the fall of 2008. The intent was to confirm the mineralization that formed the basis of the non-NI 43-101 compliant historical mineral resource estimation of 350,000 tons grading 0.89% Ni (0.5% Ni cut-off) or 190,000 tons at 1.24% Ni (1% Ni cut-off) (Falconbridge Nickel 1971)*.
Results from the six boreholes pertaining to this initial phase of diamond drilling are shown in the table below. The core lengths presented in the table are the intersected lengths, and the composite lengths are core weighted. True widths are unknown.
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| Hole | From | To |Interval| Ni | Cu | Pt | Pd | Au |
| Number | (m) | (m) | (m) |(%) |(%) | (gpt) |(gpt)|(gpt)|
| | | | | | |(grams per| | |
| | | | | | | tonne) | | |
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|LS-08-01 |87.00 |148.00|59.0 |0.27| | | | |
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|LS-08-02 |nsv | | | | | | | |
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|LS-08-03 |280.00|284.40|4.40 |0.57| | | | |
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|LS-08-04 |155.55|229 |73.45 |0.53| | | | |
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|including|225.00|229.00|4.00 |4.67|0.16|0.273 |0.874|0.021|
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|LS-08-05 |133.00|377.00|244 |0.27| | | | |
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|including|375.00|377.00|3.00 |0.46| | | | |
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|LS-08-06 |nsv | | | | | | | |
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Borehole Coordinates
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|Hole Number Easting Northing Elevation Depth Azimuth Dip|
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|LS-08-01 481546.5 5299407 1350 182 360 -52|
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|LS-08-02 481644.5 5299385 1358 164 360 -55|
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|LS-08-03 481761 5299313 1355 302 360 -53|
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|LS-08-04 481850 5299293 1362 245 360 -47|
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|LS-08-05 481675 5299225 1350 410 360 -51|
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|LS-08-06 481650 5299385 1358 212 360 -66|
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The high grades encountered during this initial phase of diamond drilling serve as a good indication that economically viable mineralization is contained within the Sothman sill. Current efforts are focused on understanding mineralogical controls to determine areas of high grade material. Further drilling on a deposit scale will concentrate on delineating these zones.
In addition to the higher grade intervals, the large intersections of the dunitic sill show its potential as a large tonnage low grade mineralized structure that warrants further attention. Intersections reported include 0.53% Ni over 73.45 metres (including a high grade zone at the base) and 0.27% Ni over 244m. The abundance of material in this grade range is evident and, pending successful metallurgical studies, could prove to be of great value to Liberty.
Additional reconnaissance drilling took place in the fall of 2008 throughout the strike length of the large intrusive sill. Assay results for this phase are still pending and will be released upon receipt.
The project is supervised by Liberty's geologist, 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 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.
* The resource category of the historical estimate was not identified and no comparison of the estimate can therefore be made to the accepted categories. The company has not yet completed the work necessary to verify the classification of the resource and is not treating the resource figure as an NI43-101 defined resource verified by a Qualified Person. At this time, the resource figure should not be relied upon.
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.
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, 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.
For further information please contact:
Dr. Gary Nash, PhD (Physics), President & CEO
Phone (416) 238-9736 Fax 780-437-7898
e-mail: gnash@libertymines.com
Source: Liberty Mines Inc. (TSX: LBE) http:// www.libertymines.com
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