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Liberty Mines Welcomes Bruce Humphrey and Parviz Farsangi as Directors


Liberty Mines Welcomes Bruce Humphrey and Parviz Farsangi as Directors

TORONTO, ONTARIO -- (Marketwired) -- 07/08/13 -- Liberty Mines Inc. (TSX:LBE) welcomes Bruce Humphrey and Parviz Farsangi as members of its board of directors. Both gentlemen, who are known for their mining expertise and dedication to the companies that they serve, will contribute to the turnaround going on at Liberty Mines. John Pinsent and Kim Oishi have resigned from the board to create the vacancies being filled by Bruce and Parviz.

Mr. Humphrey is a mining engineer with over 35 years' experience working in senior management roles with both junior and senior mining companies. From 2007 to 2009 he served as Chairman of Consolidated Thompson Iron Mines Limited. He served as the President and Chief Executive Officer of Desert Sun Mining Corp. from October 2004 to April 2006. From May 1998 to May 2004, Mr. Humphrey served as Senior Vice President and Chief Operating Officer of Goldcorp Inc. Mr. Humphrey currently sits on the board of Black Iron Corp. and Sulliden Gold Corporation Ltd.

Dr. Farsangi has an extensive operations background and knowledge of the mining industry, with a history of employee and community engagement. Most recently he was the Chief Executive Officer and a director of Scorpio Mining Corporation. Prior to that, he was Executive Vice-President and Chief Operating Officer of Vale (formerly, Vale Inco Limited) with the responsibility for leading the operations of Vale's wholly-owned subsidiaries. Prior to joining Vale, Dr. Farsangi had a long career with Falconbridge Limited starting at Falconbridge's Kidd Creek Mine in 1987 and rising to General Manager of the Falconbridge Sudbury Mines/Mill Business Unit in 2002. Dr. Farsangi is a graduate of Laurentian University in Sudbury, Ontario with a B.Eng. in Mining Engineering. He received his M.Eng. in Rock Mechanics from McGill University and went on to receive a Ph.D. in Mining Engineering from McGill in 1996. He also earned an MBA from Queen's University Business School.

Liberty Mines would like to thank John Pinsent and Kim Oishi for their long service and extensive contribution to the company.

About Liberty Mines Inc.

Liberty Mines Inc. owns the only nickel concentrator in the Shaw Dome area, a prospective nickel belt region near Timmins, Ontario. Liberty also owns two former producing nickel mines and a prospective land package near Timmins, Ontario.

CAUTIONARY STATEMENTS

This document includes "forward looking statements", as defined under applicable securities laws. All statements, other than statements of historical fact, including statements regarding the impact of board appointments, 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: insolvency risks; regulatory approvals; environmental risks and other risks inherent in the mining industry, as described in Liberty's public filings. Forward-looking statements speak only as of the date on which they are made. Liberty does not undertake to publicly update any such statement, except where required by securities regulations. Accordingly, readers should not place undue reliance on forward-looking statements.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Contacts: Liberty Mines Inc. Pat Gleeson President & CEO (416) 861-5800 pgleeson@forbesmanhattan.com

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