Liberty Mines Provides Update on Deep-Drilling Program at Hart East

- Intersects 0.97% Ni over 3.1 meters at 146m vertical depth below surface - - Intersects 1.02% Ni over 1.7 meters at 650 m vertical depth below surface -

TSX: LBE

TORONTO , March 26, 2012 /CNW/ - Liberty Mines Inc (T: LBE.TO - News) today announced results from its current deep-drilling program at its 100-percent owned Hart East Project located in the Shaw Dome Nickel region near Timmins, Ontario.

"Drill results at our Hart East Project, which is a key component of our exploration program designed to expand our resource base, are very encouraging," said Mr. Chris Stewart , President and CEO of Liberty Mines Inc. "The results suggest the potential for additional nickel mineralization at depth as well as the potential for increased tonnage."

Highlights

Liberty discovered the Hart East project in April of 2011 with a deep-drill hole that followed up on two historic drill holes approximately 300 meters east of its Hart Nickel Deposit. Drill hole H-11-11, which was completed on April 19, 2011 intersected 0.82% Ni over a drilled width of 36.0 meters at a vertical depth of approximately 350 meters below surface. Subsequent drilling has focussed on expanding the Hart East with drilling up dip, down dip, and on strike of drill hole H-11-11. Best results from recent drilling activities came from drill hole H-11-28, which intersected 0.97% Ni over a drilled width of 3.1 meters from 158.4 to 161.5 meters including 1.60% Ni over a drilled width of 1.2 meters from 158.4 to 159.6 meters. This intersection occurs approximately 146 meters vertically below surface and 25 meters east of drill hole H-11-11.

Drill hole H-11-30 intersected 1.02% Ni over a drilled width of 1.7 meters from 660.5 to 662.2 meters at a vertical depth of 650 meters below surface. In addition, two shallow drill holes intersected nickel mineralization approximately 20 meters vertically below surface. Drill hole H-11-26 intersected 0.44% Ni over a drilled width of 3.8 meters from 18.7 to 22.5 meters and drill hole H-11-29A intersected 0.55% Ni over a drilled width of 2.0 meters from 20.0 to 22.0 meters. The two intercepts occur approximately 50 meters apart.

Recent soil geochemistry utilizing SGH (soil gas hydrocarbons) and MMI (mobile metal ion exchange) on the surface expression of the Hart East deposit suggest widespread nickel mineralization for an additional 120 meters to the northeast of the Hart East Deposit. In addition, the firm Crone Geophysics and Exploration Ltd. is currently conducting borehole pulse EM surveys in the deeper holes on the Hart Deposit and Hart East mineralized zone to vector in on pooling of nickel sulphides and down plunge continuity of nickel mineralization.

Results from the recent drilling on the Hart East are tabulated below:

* True widths are unknown at this time. *The core lengths presented in the table are the intersected core lengths. The composite lengths are core weighted.

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Liberty Mines Provides Update on Deep-Drilling Program at Hart East