MONTH END REPORT

DISTRICT: KIRKLAND LAKE

FOR MONTH: July 2008

AUTHOR(S): D. Guindon, G. Grabowski, M. Picotte

DATE: August 7, 2008

SIGNIFICANT INDUSTRY ACTIVITIES:

Mining:

Advanced Exploration:

Exploration:

In Kemp and Sothman townships, Liberty Mines Inc. have initiated an exploration

program for nickel consisting of line-cutting, mapping, prospecting and diamond drilling

with partner Xstrata. Initial diamond drilling will confirm historically identified

mineralization. All holes will be tested by down-hole geophysics. (Liberty Mines Inc.,

press release, July 16, 2008, http://www.libertymines.com/)

Liberty Cobalt Mines Inc. will begin a diamond drilling program on the McAra Lake and

surrounding properties in Dufferin, Leith, North Williams and Ray townships. (Liberty

Mines Inc., press release, July 16, 2008, http://www.libertymines.com/)