Category Archives: Liberty

TORONTO, ONTARIO--(Marketwire -08/09/12)- Geoff Browne, chairman and chief executive of Liberty Silver Corp. (LSL.TO)(LBSV), issued the following open letter today to shareholders of Sennen Resources Ltd. (SN.V):

Dear Sennen Shareholder:

You will by now have seen the directors' circular issued by Sennen on July 30, 2012, in response to our offer to acquire all Sennen's shares.

While Sennen has repeatedly portrayed our offer as hostile, our first preference remains to conclude a friendly transaction that will benefit the shareholders of both Sennen and Liberty Silver. As we have said from the start, we believe there are compelling reasons for a combination of our two companies.

Your decision whether to accept our offer should be guided by two over-riding considerations:

We are confident that Liberty Silver meets the test on both counts.

Which board and management team deserves your trust?

- Sennen alleged in a press release dated July 27, 2012 that Liberty Silver initiated its offer "without any prior discussion with Sennen management, and consequently, without providing Sennen any prior opportunity to conduct meaningful due diligence on Liberty".

This is a self-serving version of the facts. Our advisors tried for weeks to set up a meeting with Sennen to discuss our proposal, and I tried on numerous occasions to make contact with Ian Rozier, Sennen's chief executive officer, prior to announcing the offer. Liberty Silver's directors and advisors have also tried, so far without success, to contact the Sennen special committee to discuss our offer.

The truth is that we have given Mr. Rozier and his fellow-directors ample opportunity to discuss our offer and conduct due diligence, but they have chosen not to do so. Liberty Silver remains open to negotiations and any due diligence that Sennen may wish to conduct.

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Liberty Silver Corp: An Open Letter to Shareholders of Sennen Resources

By Jon Lafayette -- Broadcasting & Cable, 8/8/2012 9:07:37 AM Liberty Media Wednesday announced plans to spin off Starz LLC into a separate publicly traded company.

Executives said that spinoff would give investors a better view of Starz' operations while creating added liquidity at Liberty Media.

"The senior Starz team and I are very energized by the decision to make Starz its own independent company. I believe this stand-alone structure is the first step to unlocking the real potential growth opportunities for our businesses," Chris Albrecht, CEO, Starz, said in a statement.

Albrecht said that the company's subscription businesses are running at quarterly highs, Starz achieving 20.7 million subscribers and Encore reaching 34.2 million at the end of the second quarter.

"We continue to add value to the networks with our investment in quality original programming," he said.

Starz' revenue remained unchanged at $403 million for the second quarter, according to Liberty Media's earnings announcement. An increase in revenue for the Starz Channels business was offset by decreases in revenue for the Starz Distribution and Starz Animation businesses.

According to the company, Liberty's board of directors authorized a plan to distribute to the stockholders of Liberty Media shares of a subsidiary that will hold all of the businesses, assets and liabilities of Liberty Media not associated with Starz, LLC. The subsidiary, which would become a separate public company, would be called Liberty Media Corporation, or "New Liberty." The businesses, assets and liabilities not included in New Liberty would be part of a separate public company called Starz. Starz will consist of 100% of Starz LLC, approximately $1.5 billion in debt (assuming full draw down of the Starz bank facility) and an undetermined amount of cash.

The spinoff is intended to be tax-free to stockholders of Liberty Media and its completion will be subject to various conditions, the company said. The spinoff will not require a stockholder vote and is currently expected to occur in late 2012.

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Liberty Media to Spin Off Starz

TORONTO, ONTARIO--(Marketwire - Aug. 8, 2012) - Liberty Silver Corp. (LSL.TO)(LBSV) ("Liberty Silver" or the "Company") is pleased to announce that it has entered into a binding agreement (the "Agreement") with Primus Resources, L.C. ("Primus") to acquire approximately 100 acres located adjacent to the former Trinity Silver mine on the Company's Trinity property in Nevada (the "Hi Ho Properties"). The Hi Ho Properties are the only acreage not controlled by Liberty Silver or its joint venture partner Renaissance Gold Inc. ("Renaissance") on the Trinity land package.

Under the terms of the Agreement, Liberty Silver will provide cash consideration of US$150,000 and issue 3,000,000 common shares of Liberty Silver stock to Primus. In addition, Primus will be granted a 2% net smelter royalty ("NSR") on future production from the Hi Ho Properties. The total consideration for the acquisition of the Hi Ho Properties will be applied to Liberty Silver's expenditure commitment under its earn-in agreement with Renaissance, upon acceptance by Renaissance, pursuant to the applicable area of interest provisions. With the addition of the Hi Ho Properties payment, Liberty will have contributed in excess of 85% of its required US$5 million expenditure commitment to earn its 70% interest in the project. Pursuant to the terms of its earn-in agreement with Renaissance, the Company has until March 29, 2016 to incur the balance of its expenditure commitment and, in addition, produce a bankable feasibility study in the following year.

"We are extremely pleased to reach an agreement that will result in our mineral claims being included with Liberty Silver's land package at the Trinity Silver property. We have closely monitored their progress to date on the property and we agree with their approach for its development, which we feel has enormous upside potential. Their on the ground mining team is very strong and has a great understanding of the existing resource and the multiple drilling targets independent of the resource zone," said Jim Marin, President of Primus Resources, L.C.

"The Hi Ho Properties are an important addition to our future development plans at Trinity," stated Geoff Browne, Chairman and CEO of Liberty. "Historic data, combined with current modeling indicates that the Trinity deposit extends into the Hi Ho Properties, significantly increasing our current resource potential and the projected economics for bringing Trinity back into production."

The Agreement is subject to regulatory approval and customary closing conditions.

About Liberty Silver Corp.

Liberty Silver Corp. is focused on exploring and developing mineral properties located in North America. The Company is led by a skilled, experienced, management team and board of directors with significant experience managing exploration, development and mining projects. The Company is committed to creating value for its shareholders by advancing its current projects utilizing its mitigated risk approach to production, developing new resources on its current properties, and by acquiring new properties that have the potential to increase their resource base. The Trinity Silver project, located in Pershing County, Nevada is the Company's flagship project. Liberty Silver has the right to earn a joint venture interest in the 10,476 acre Trinity property from Renaissance Gold Inc. pursuant to the terms of an earn-in agreement.

This News Release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company 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 the Company's mineral properties, and the Company'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 the activities of the Company; 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 the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company 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 release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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Liberty Silver Expands Trinity Land Package with Acquisition of Hi Ho Silver Property

Hewlett-Packard Sees $8B Impairment Charge for Services Segment

By Cecile Daurat - 2012-08-08T11:38:52Z

Liberty Media Corp. (LMCA), the company controlled by billionaire John Malone, plans to spin off its Starz business to unlock growth opportunities at the cable- programming unit.

The separate public company will consist of 100 percent of Starz, about $1.5 billion in debt and an undetermined amount of cash, according to a statement today. The spinoff will be tax- free to shareholders of Englewood, Colorado-based Liberty Media and is expected to occur late this year.

Liberty Media has used tracking stocks and financial transactions over the years to pursue tax benefits and make its diversified assets more attractive to shareholders. They included the separation of Liberty Interactive (LINTA), owner of the shopping network QVC.

Starz, creator of the series Boss, had 20.7 million subscribers at the end of the second quarter. Left in Liberty Media after the split will be assets including the Atlanta Braves baseball team, stakes in Sirius XM Radio Inc. (SIRI) and Live Nation Entertainment Inc., as well as investments in Barnes & Noble Inc. (BKS), Time Warner Inc. (TWX) and Viacom Inc. (VIAB)

Malone said last month that his effort to take control of Sirius will eventually lead to a spinoff of the largest U.S. satellite-radio company.

To contact the reporter on this story: Cecile Daurat in Wilmington at cdaurat@bloomberg.net

To contact the editor responsible for this story: Kevin Miller at kmiller@bloomberg.net

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Liberty Media Plans to Spin Off Cable Unit Starz

Liberty Energy Corp. revealed further details on its newly acquired acreage in Eastland County, Texas. The 112 acre lease is located within Eastland County, approximately 80 miles west of Fort Worth, Texas.

The Company has confirmed that there are two major producing reservoirs that are widespread within this area. The first, Marble Falls, a prolific oil and gas producing reservoir with production being generated from several channel sands found within this Lower Pennsylvanian formation. The second, Mississippian-Duffer limestone, predominantly produces gas with some oil shows. The Duffer formation lies unconformably below the Marble Falls formation. Both zones are widespread in Eastland County and have been highly productive throughout Texas Railroad Commission District 7B.

The (Mississippian) Barnet Shale is also present in this area. Although its thickness is limited to approximately 50 feet in this area, this geological structure is among the most prolific oil and gas producing areas of Texas. This shale underlies the Duffer Limestone, and is thought to be a source for much of the hydrocarbon found in the reservoirs above.

The Bend Arch has had a significant effect on the Barnett Shale regarding its burial history and geo-thermal makeup. The Bend Arch-Fort Worth Basin Province resulted in estimated means of 26.7 trillion cubic feet of gas (TCFG), 98.5 million barrels of oil (MMBO), and a mean of 1.1 billion barrels of natural gas liquids (BBNGL).3 Nearly all of the undiscovered gas resource (98 percent, or 26.2 TCFG) is considered to be in continuous accumulations of non-associated gas trapped in strata of two of the three Mississippian-age Barnett Shale AUs of the Barnett-Paleozoic TPS.4 The third AU within this TPS, the Hypothetical Basin-Arch Barnett Shale Oil AU, has not yet been quantitatively assessed because of a lack of data. The Barnett-Paleozoic TPS is estimated to contain a mean of 409.2 BCFG of conventional gas, or about 88 percent of all undiscovered conventional gas, and about 64.6 MMB of conventional oil, or about 65 percent of all undiscovered oil in the Bend Arch-Fort Worth Basin Province.

"We are extremely pleased to have secured this lease which is situated in the heart of existing oil and natural gas fields. This is a formation that has been consistently produced by majors for years including Devon Energy, Chesapeak Energy and ConocoPhillips. We intend to extensively study the surrounding fields and formations in which oil and natural gas have been recovered. We then intend to initiate a detailed geological study of the acreage that will determine how we further develop the property," commented Ian Spowart, CEO of Liberty Energy Corp.

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Liberty Energy Adds Acreage in Texas County

LAS VEGAS, Aug. 7, 2012 /PRNewswire/ --First Liberty Power Corp. (FLPC) (the "Company") is pleased to announce that it has launched a new communication program with the goal of ensuring much more effective and timely sharing of information with our shareholders.

First Liberty Power is entering into an exciting period of expansion and growth. The Company has been working diligently and remains focused on its commitment to keep shareholders up to date with corporate events. It is with great pride that we announces the installation of a new communications department which will open up the lines of communication and ensure the timely distribution of Company news while responding effectively to shareholder inquiries.

The Company's Investor Relations direct number is (800) 709-1196, and the direct email contact point is IR@firstlibertypower.com. To achieve an enhanced dialogue, the Company will unveil its new corporate website later this month, which will be supported with various social media platforms. You will be able to find a great deal of updated and current content on this new site, including company reports and industry news, along with the day-to-day insight and communication with other valued shareholders.

CEO Don Nicholson reinforced the importance of this department by stating that since becoming a part of the Company, he has placed great importance in having an open and transparent organization. Mr. Nicholson further stated, "As our Company expands, it is vitally important to increase the level of communication with our current valued shareholders and future investors. Improved communications and transparency are one of the main focal points for the Board of Directors and me. This will ensure that news is delivered efficiently and that there is an open dialogue with shareholders. We hold this as a core company value and pledge to effectively execute our plan as we enter into this high growth phase at First Liberty."

About UsFirst Liberty Power Corp. is a Nevada based mineral exploration company with a primary focus on lithium exploration and development in the United States. The Company is positioned to capitalize on the anticipated increase in demand for lithium carbonate that is projected to result from the acceleration of the adoption and use of clean renewable energy products that utilize lithium-ion batteries.

ContactFirst Liberty Power Corp. http://www.firstlibertypower.com ir@firstlibertypower.com Investor Relations Telephone: (800) 709-1196

Notice Regarding Forward-Looking StatementsThis current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, the final outcome Lida Valley and Smokey Valley exploration / work programs, the specific nature and extent of the next phase of our exploration program, our ability to raise the necessary capital to complete our exploration program, and any mineralization, exploration and development of our mineral properties, specifically in regards to Lithium.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

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First Liberty Power Corp. Announces Implementation of New Communication Program

PHOENIX, Aug. 7, 2012 /PRNewswire/ -- Liberty Gold Corp. (OTCBB: LBGO; "Liberty Gold" and/or "the Company") is pleased to announce that the Company has staked 19 additional Alaska State mineral claims to increase the size of its McCord Creek Property to 33 claims (4,620 acres). The Company has also approved proceeding with an approximate US$190,000 exploration program in 2012 for its McCord Creek Property gold project in central Alaska's Tolovana Mining District. The 2012 agreed program includes additional power auger assisted soil sampling, rock sampling, possible trenching and geophysics, with the objective of defining drill targets for the 2013 field season. Crews have now been mobilized and have commenced the sampling program. Endurance Gold Corporation (EGC) is managing the 2012 exploration program and Liberty Gold is funding the 2012 activities on the McCord property. The Company has an option to earn 60% joint venture interest in the McCord Creek Property.

In 2011, a program of grid-based, power auger assisted soil sampling and rock sampling was completed on the McCord Creek Property, which is located in the eastern extension of the Livengood gold district. The 2011 work program resulted in the discovery of 5 gold-in-soil anomalous zones with the maximum soil value exceeding 100 parts per billion ('ppb') gold. The two largest soil anomalies, exceeding 10 ppb gold, are 850 by 250 metres and 650 by 200 metres in size respectively. All of the soil anomalies lie within the same sedimentary and volcanic package of rocks that host International Tower Hill's (ITH) Money Knob deposit located on ITH's Livengood Property, which immediately adjoins the western side of Liberty Gold's McCord Creek Property. The Money Knob deposit on ITH's Livengood Property represents a resource estimate of 16.5 Moz Measured & Indicated at 0.22 grams per tonne cut-off (see ITH website for complete disclosure), making it one of the largest gold deposits discovered in 20 years.

The recently added claims and the existing anomalous zones on Liberty Gold's McCord Creek Property warrant additional exploration to pursue a deposit of similar nature to the Money Knob deposit. Reporting and assessment filings will be completed in the fall of 2012.

Lynn Harrison, Liberty Gold's President and CEO, commented: "Our 2012 exploration program for the McCord Creek Property will expand on the knowledge already gained through the 2011 soil sampling program and expand on those targets. Once program results are compiled in the fall, we anticipate identifying optimal targets that can be drilled in 2013. As well, the significantly expanded property further expands our presence and potential in the target area."

In order to earn a 60% joint venture interest, Liberty Gold must complete US$600,000 in exploration expenditures and make US$85,000 in cash payments over three years. Endurance Gold Corporation ("Endurance") is the current property owner and will operate the 2012 program on behalf of the Company. As part of the agreement, Liberty Gold has agreed to incur a minimum of US$150,000 in exploration expenditures in 2012 and has advanced sufficient funds to Endurance to undertake the 2012 field program.

FOR MORE INFORMATION

To learn more about the McCord Creek Gold Property, and to read more about the Company and its latest news, visit Liberty Gold's website at http://www.libertygoldcorp.com.

ABOUT LIBERTY GOLD CORP.

Liberty Gold Corp. is a publicly traded (LBGO) gold and precious metals exploration company focused on emerging as an industry leader while effectively growing America's reserves of gold. Headquartered in Phoenix, Arizona, Liberty Gold is committed to the responsible exploration and production of the nation's rich precious metals resources. The Company's stable of major gold projects is well established, and thanks to an active approach to property acquisitions, Liberty Gold's portfolio of significant assets continues to grow. For more information on the Company and its activities, visit Liberty Gold's website at http://www.libertygoldcorp.com.

ON BEHALF OF THE BOARD OF DIRECTORS,

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Liberty Gold Corp. Doubles Size Of Alaskan McCord Creek Gold Property & Announces Commencement Of 2012 Exploration ...

By Seth Jayson | More Articles August 6, 2012 |

Liberty Global (Nasdaq: LBTYA) reported earnings on Aug. 2. Here are the numbers you need to know.

The 10-second takeawayFor the quarter ended June 30 (Q2), Liberty Global met expectations on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue shrank and GAAP earnings per share expanded.

Gross margins improved, operating margins dropped, and net margins expanded.

Revenue detailsLiberty Global chalked up revenue of $2.52 billion. The seven analysts polled by S&P Capital IQ anticipated sales of $2.55 billion on the same basis. GAAP reported sales were 3.6% lower than the prior-year quarter's $2.62 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS detailsEPS came in at -$0.75. The two earnings estimates compiled by S&P Capital IQ anticipated $0.13 per share. GAAP EPS were $2.60 for Q2 versus -$1.37 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin detailsFor the quarter, gross margin was 64.9%, 120 basis points better than the prior-year quarter. Operating margin was 19.0%, 140 basis points worse than the prior-year quarter. Net margin was 27.8%, 4,110 basis points better than the prior-year quarter.

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Liberty Global Meets on the Top Line, Misses Where It Counts

TUCSON, Ariz.--(BUSINESS WIRE)--

Liberty Star Uranium & Metals Corp. (Liberty Star or the Company) (LBSR: OTCQB) is pleased to announce that the Liberty Star field camp construction managed by Alaskan Native owned MBGS LLC is on schedule. MBGS general contractor Jim Stevens states that his team will begin to airlift housing and a diamond core drill rig to the Native allotment camp site within the Big Chunk Super Project (BCSP) south block beginning the week of August 5; the camp is scheduled to be operational by August 10.

Heavy equipment and housing will be transported by a high-lift Huey chopper, while staff and light equipment will be transported by a small helicopter. Twelve people will be in the camp, including Alaskan Native MBGS staff, drill crews and geologic staff. The spartan camp includes basic amenities and a broad-band Internet over satellite hook-up.

On August 8 the Companys Field Manager and Lead Field Technician Jay Crawford and Porphyry Copper specialist Geologist Greg McGilvray will meet in Vancouver, BC to receive training on the new MBGS Innov-X handheld GPS XRF Analyzer. The new handheld analyzer uses a miniaturized X-ray tube with electronically cooled silicon detectors to provide fast metal content measurements with accuracy and precision in the field prior to formal assay. Jay Crawford has spent many months using this type of equipment, but will receive updated training with the new analyzer. From Vancouver, the two will fly to Anchorage and then to Port Alsworth, Alaska. Jay and Greg will helicopter to the BCSP camp shortly after. The drill rig is scheduled for arrival at the BCSP camp at about the same time. Drilling on the proposed 10 holes can start within a few days of the drills delivery to the field. In addition to the Innov-X Analyzer, the geologic team will be equipped with other sophisticated gear that will make field analysis more accurate and less subject to error. The onsite team will be able to communicate immediate analysis of core and send data via satellite Internet connection to the head office in Tucson or any other location for specialists to review and render their professional analysis.

This equipment in addition to the XRF includes:

All of these devices are digital (with the exception of the optical microscope) and their data will be recorded with the data logger, and joined with the geologic log of the core. All data will be recorded on the Big Chunk field camp computer server and then transmitted by a satellite uplink to the Internet and batch transmitted to Tucson overnight every night and captured on the Tucson office server for distribution and analysis by the appropriate experts on our Technical Advisory Board, as well as Chief Geologist Jim Briscoe and other specialists when needed.

After all data collection, the core is cut in half (split) using a diamond saw. Half of each 10 foot interval will be bagged and secured in locked storage controlled by Jay Crawford. The samples will be shipped by helicopter, and then by Federal Express to the MEG sample prep lab near Reno, Nev. As required by regulation, a chain of custody is recorded at every stop; this is to prevent tampering with the drill core so it cannot be adulterated (salted) with any foreign material either intentionally or accidently. After sample preparation, including addition of Quality Assurance Quality Control (QA/QC) samples, assay pulps of about 200 grams from each sample interval will be air shipped to ALS Certified assay labs in Vancouver, B.C. Canada. After assay ALS will ship assays by e-mail to the Tucson office where it will be combined with the visual core log and all the other collected data. These data logs will then be analyzed by our geologic team and conclusions made. All this takes time but news releases will be made after drill core is evaluated.

James A. Briscoe James A. Briscoe, Professional Geologist, AZ CA CEO/Chief Geologist Liberty Star Uranium & Metals Corp.

Forward-Looking Statements

Statements in this news release that are not historical are forward-looking statements. Forward-looking statements in this news release include that the BCSP camp will be operational by August 10, that a diamond core drill rig will be airlifted to the camp site, that drilling can proceed within days of its arrival, and that drill core will be obtained and prepared for assay. Factors which may delay or prevent these forward-looking statements from being realized include: the failure of our exploration program to identify targets; we may not be able to raise sufficient funds to complete our intended exploration, keep our properties or carry on operations; and an inability to continue exploration due to weather, logistical problems, labor or equipment problems or hazards even if funds are available. Despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures in the Companys recent 10-K and the Companys other periodic reports filed from time to time with the Securities and Exchange Commission.

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Liberty Star Airlifting Diamond Core Drill to Copper/Gold/Moly Big Chunk Camp, Alaska

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--

Green Automotive Company, having recently acquired Liberty Electric Cars Ltd., is pleased to announce the addition of 2 new Board members, Ian Hobday and Darren West.

Mr. Hobday, who also serves as CEO for Liberty Electric Cars Ltd., has international experience in sales, marketing and general management and a track record of growing businesses and delivering profit improvement within multinational companies. Ian is co-founder of several innovative start-up companies and has extensive experience in developing business opportunities worldwide.

Commenting on his appointment, Ian Hobday said, I am looking forward to serving on the Board of Directors for Green Automotive and I look forward to helping Green Automotive maximize the many synergies that I believe exist between it and Liberty. Liberty has several divisions in operation including, for example, Liberty E-Care, which provides after-sales services for electric or low emission vehicles including servicing & repair. With clients including Navistar, Fedex, UPS, Veolia, and Tescos, Liberty is providing service to roughly 2,000 pure EVs. Through their operation of this business, Liberty has gained a tremendous amount of technical know-how and market intelligence that should translate into solid benefits for Green Automotive in a variety of ways.

Mr. West, who is also the CFO for Liberty Electric Cars Ltd., has extensive international experience having worked in more than 30 countries including knowledge of acquisitions, mergers and disposals.

Ian Hobday and Darren West bring a wealth of business experience gained from the management of a company that provides cutting edge automotive technology development, engineering and design with a focus on zero and low emission vehicle solutions, said Fred Luke, President of Green Automotive. For example, through Libertys E-Tech division they have worked on development projects with Fiat, VW, Rolls Royce, Cranfield and Navistar and have been involved in joint ventures for new BMS and Battery designs. These core competencies should significantly enhance Green Automotives technical edge which will support our company as we execute our business plan, including our move to develop all electric buses. We believe both their experience in international transactions as well as the electric vehicle market space will prove invaluable on our Board of Directors.

About Green Automotive Company: Green Automotive Company is a US public company involved in the Conversion, Import and Distribution of Eco-friendly vehicles. The Company is presently planning to bring All-Electric and other Eco-friendly vehicles into the United States market through a combination of converting piston engine vehicles and importing existing EV's. The Company is currently involved in assessing a number of All-Electric and alternate fuel vehicles including an All-Electric Intra-City and Municipal Mass Transit Bus and School Bus, for introduction to the US market. GAC recently acquired Liberty Electric Cars Limited, a UK-based company that designs, develops, manufacturers and markets electric vehicle technologies for use in its own converted vehicles and for sale to OEM's for incorporation into their production. It provides a full aftermarket program to electric vehicle users to ensure the longevity of their vehicles and has partnership arrangements in other European countries. The Liberty team, can count on over 200 man years of experience in the Automotive industry and specifically 70 plus man years in the EV sector covering some 2,500,000 miles. Green Automotive Company maintains its Corporate Office in Newport Beach, California. Green Automotive Company shares are traded on the OTC Market Tier--OTC Pink Current under the symbol "GACR". For more information visit http://www.usaelectricauto.com or write to info@usaelectricauto.com.

Safe Harbor Statement - This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual or future results may differ materially from those anticipated depending on a variety of factors, including continued maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products, continued product innovation, sales and earnings growth, ability to attract and retain key personnel, and general economic conditions affecting consumer spending. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Green Automotive Company incorporates by reference its disclosure and financial statements posted on http://www.otcmarkets.com, and does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.

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Ian Hobday, CEO of Liberty Electric Cars Ltd., and Darren West, CFO of Liberty Electric Cars Ltd., Join the Board of ...