Liberty Mines Acquires Croxall Property and Consolidates Land Package Near Its Redstone Mill

Liberty Mines Acquires Croxall Property and Consolidates Land Package Near Its 
Redstone Mill 
TORONTO, Nov. 26, 2012 /CNW/ - Liberty Mines Inc. (TSX: LBE) ("Liberty" or the 
"Company") announced today that it has fully exercised its options to acquire 
all of the Croxall properties in the Shaw Dome nickel area, which is located 
approximately 10 kilometers southwest of Timmins, Ontario and near the 
Company's Redstone mill, the only dedicated nickel mill in the region. 
"In advance of the expected recovery of nickel prices, we have taken advantage 
of the opportunity to acquire all of the Croxall properties, and prepare for 
future exploration and production activities," said Mr. Chris Stewart, 
President and CEO of Liberty Mines. "Our decision to acquire all of the 
Croxall properties is consistent with our strategy to consolidate our land 
package in the area and take full advantage of the only nickel concentrate 
producing mill in the region." 
Mr. Stewart added, "Our long-term success is dependent on advancing deposits 
from regional exploration programs through zone discovery, delineation, 
economic feasibility analysis and ultimately production. Acquiring the Croxall 
properties is the first stage of our long term strategy of delineation of 
existing deposits such as Hart, as well as exploration of targets which 
currently lie outside existing mine plans." 
The acquired properties cover an area of approximately 1,760 hectares and 
consist of 110 mining claim units located within Eldorado, Adams, Deloro, and 
Shaw Townships. The acquired property is contiguous with Liberty's Redstone 
property, which hosts the Redstone Mine and Mill operations. 
Liberty entered into three separate option agreements to acquire the 
properties beginning in 2006. Since then, Liberty completed cash payments and 
issued shares to vendors as well as completed significant exploration programs 
in 2007 and 2011 thereby fully exercising its options. These properties, 
identified as the "Croxall 1," "Croxall 2," and "Croxall 3" properties, are 
collectively known as the "Croxall Property." Property vendors retain Net 
Smelter Return ("NSR") royalties on the claims acquired. The royalties total 
3% and have buy-back provisions. 
Croxall Project
The Croxall property is located on the southwest limb of the Shaw Dome, which 
is host to several nickel deposits in the Timmins area, including Liberty's 
Redstone Deposit, Hart Deposit, Hart East Zone, and the McWatters Deposit 
(Figure 1). A significant portion of the Croxall property lies within the 
preferred stratigraphic horizon of ultramafic volcanic rocks which are in 
close proximity to footwall iron formation, both features deemed prospective 
for Kambalda-type nickel deposits such as Liberty's other nickel deposits in 
the Shaw Dome. Previous work on the Croxall property discovered the "Mustang 
Zone," a nickel zone which the Company believes warrants further 
exploration. Highlights of previous drill results on the Mustang Zone 
include the interception of 1.20% Ni over 2.4 metres in drill hole CL-11-02. 
Figure 1: Liberty's Shaw Dome Property 
Resource estimation has not been completed as yet on the Mustang Zone as it is 
in early stage exploration. Numerous geophysical (airborne electromagnetic) 
anomalies are also present on the Croxall property, which the Company believes 
warrant further exploration. 
Drilling, Sampling, Analytical Procedures, and Quality Assurance/Quality 
The Company's exploration programs are subject to technical and Quality 
Assurance/Quality Control (QA/QC) procedures conforming to industry best 
practices and NI 43-101. 
Liberty conducted exploration diamond drilling on the Croxall property in 2007 
and 2011. Drilling in 2007 was contracted to Major Drilling Group 
International Inc. (formerly Bradley Bros. Drilling Ltd.), based from its 
Timmins Regional office with analytical work completed by ALS Laboratories 
Inc. Liberty's 2011 drilling program was contracted to Mallette Drilling 
Ltd. of Kenora, Ontario with analytical work being completed by Agat 
Laboratories Inc. Liberty routinely employs standard reference materials and 
blank materials as part of its QA/QC procedures on drill core samples. Drill 
core is sampled according to geological parameters in its standardized 
technical procedures which include the core being sawn in half with one half 
of the core retained for future reference and one half sent to an accredited 
and reputable lab for analysis. Nickel and copper analyses for the work 
reported herein were completed via Induced Coupled Plasma - Optical Emission 
Spectroscopy (ICP -OES) method. Both ALS and Agat Laboratories routinely 
employ their own internal QA/QC measures. 
Qualified Person
Liberty's exploration programs are conducted under the supervision of Ms. 
Heather Miree, P. Geo., V.P. Exploration for Liberty Mines Inc. since May 
2012. Ms. Miree is a Qualified Person as defined by NI 43-101 and has 
confirmed, supervised, or prepared the scientific or technical information in 
this disclosure and has verified the data contained herein. 
Ms. Miree is an economic geologist with over 25 years of experience in the 
mineral industry. Ms Miree has held senior geological and supervisory roles 
with several junior and mid-sized mining companies in the areas of exploration 
and operations. Ms. Miree is not independent of Liberty as is an employee of 
the Company. 
About Liberty Mines Inc. Liberty Mines Inc. is a mid-tier 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 only nickel concentrator in the Shaw Dome, a 
prospective nickel belt region near Timmins, Ontario. With a new management 
team in place, Liberty is focused on growth initiatives not only through a 
more aggressive exploration program on its current properties but also through 
potential acquisition or partnership opportunities beyond its core Timmins 
area projects. 
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. 
Chris Stewart, President & CEO Liberty Mines (416) 226-4360 ext 203 
Joe Racanelli TMX Equicom 416 815 0700 ext 243  
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SOURCE: Liberty Mines Inc. 
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CO: Liberty Mines Inc.
ST: Ontario
-0- Nov/26/2012 12:00 GMT
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