Liberty Silver Comments on Recent Trading Activity

Liberty Silver Comments on Recent Trading Activity 
TORONTO, ONTARIO -- (Marketwire) -- 10/29/12 -- Liberty Silver Corp.
(TSX:LSL) ("Liberty Silver" or the "Company") stated that it is not
aware of any material undisclosed development or other reason that
would account for recent appreciation in the trading price of the
Company's shares.  
The Company wishes to advise the investment community that all
official information regarding the Company must be derived solely
from disclosure documents filed on, and the
Company's website ( 
The shares of Liberty Silver trade on the TSX in Canada. For the
present, the Company's stock will not immediately be listed, traded
or quoted on any of the OTC Markets. The Company is reviewing the
requirements necessary to permit its stock to resume trading on the
OTCBB. The Company's stock may be traded in the US on the "grey
market" or through US broker dealers who have access to the TSX. 
About Liberty Silver Corp.  
Liberty Silver Corp. is focused on exploring and advancing mineral
properties located in North America. Liberty Silver is led by a
skilled, experienced management team and board of directors with
significant experience managing exploration, development and mining
projects. Liberty Silver is committed to creating value for its
shareholders by advancing its current projects utilizing its
mitigated risk approach to developing new resources on its current
properties, and acquiring new properties that have the potential to
increase their resource base. The Trinity Silver Project, located in
Pershing County, Nevada, is Liberty Silver's flagship project.
Liberty Silver has the right to earn a joint venture interest in the
10,579 acres Trinity property pursuant to the terms of an earn-in
agreement with Renaissance Gold Inc. 
Information on the Company is available on the Company's website, or in the SEDAR and EDGAR databases. 
Cautionary Statements 
This News Release includes certain "forward-looking statements".
These statements are based on information currently available to
Liberty Silver and Liberty Silver provides no assurance that actual
results will meet management's expectations. Forward-looking
statements include estimates and statements that Libert
y Silver's
future plans, objectives or goals, including words to the effect that
Liberty Silver or management expects a stated condition or result to
occur. Forward-looking statements may be identified by such terms as
"believes", "anticipates", "expects", "estimates", "may", "could",
"would", "will", or "plan". Since forward-looking statements are
based on assumptions and address future events and conditions, by
their very nature they involve inherent risks and uncertainties.
Actual results relating to, among other things, results of
exploration, project development, reclamation and capital costs of
Liberty Silver's mineral properties, and Liberty Silver's financial
condition and prospects, could differ materially from those currently
anticipated in such statements for many reasons such as: changes in
general economic conditions and conditions in the financial markets;
changes in demand and prices for minerals; litigation, legislative,
environmental and other judicial, regulatory, political and
competitive developments; technological and operational difficulties
encountered in connection with Liberty Silver's activities; and other
matters discussed in this News Release and in filings made with
securities regulators. This list is not exhaustive of the factors
that may affect any of Liberty Silver's forward-looking statements.
These and other factors should be considered carefully and readers
should not place undue reliance on Liberty Silver's forward-looking
statements. Liberty Silver does not undertake to update any
forward-looking statement that may be made from time to time by
Liberty Silver or on its behalf, except in accordance with applicable
securities laws. 
The Toronto Stock Exchange does not accept responsibility for the
adequacy or accuracy of this News Release. No stock exchange,
securities commission or other regulatory authority has approved or
disapproved the information contained herein. 
Kevin O'Connor
Investor Relations
(416) 962-3300 
Liberty Silver Corp.
Manish Z. Kshatriya
Executive VP & CFO
(888) 749-4916
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