Liberty Mines Appoints New Chief Financial Officer

TSX: LBE

TORONTO , May 7, 2012 /CNW/ - Liberty Mines Inc. ("Liberty" or the "Company") announced today that it has appointed David Birch , CPA CMA, to the position of Chief Financial Officer effective June 1 , 2012. Mr. Birch will be responsible for all of Liberty's financial activities, including reporting, auditing, taxation and financing.

"David's disciplined approach to both management and financial systems will be a welcomed addition to our organization," commented Chris Stewart , President & CEO of Liberty Mines. "His achievements and progressive advancement into more senior financial positions at Labatt and INBEV, which are known for their high performance environments, really says a lot about David's abilities. I am extremely pleased to have David join our senior management team."

Mr. Birch obtained his Economics Degree from York University and has more than 20 years of financial accounting experience with such large companies as Labatt Breweries of North America and AB/INBEV North America , where he held senior level finance positions. Most recently Mr. Birch was Vice President of Finance and Operations for McClelland Premium Imports in Toronto , Ontario.

"On behalf of Liberty, I would also like to thank Niall Murphy for his excellent work and dedication to the Company, filling in as the Interim CFO," added Mr. Stewart . Mr. Murphy will return to his former position as the Company's Controller.

Liberty's previous CFO, William (Bill) Woods is no longer with 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.

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Liberty Mines Appoints New Chief Financial Officer