Edmonton, Alberta CANADA, April 07, 2009 /FSC/ - Liberty Mines Inc. (LBE - TSX),

At the request of the Investment Industry Regulatory Organization of Canada on behalf of the Toronto Stock Exchange, Liberty Mines Inc. ("Liberty or the Company") confirms that a definitive agreement for a financing is nearing completion. The financing is structured to resolve the debt referenced in the February 26, 2009 press release; to pay current payables and; to provide some working capital. Upon successful completion of the definitive agreement, a press release will be issued specifying the details of the financing. Management believes the market is anticipating the closing of the financing based on the passing of the April 1, 2009 deadline mentioned in the February 26 press release and the progress of the financing noted in the March 31 press release.

About Liberty Mines Inc.

Liberty Mines Inc. is a 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 Redstone nickel concentrator near Timmins Ontario. Its operations are presently under care and maintenance due to low commodity prices.


CAUTIONARY STATEMENT

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward looking statements". All statements other than statements of historical fact included in this release, without limitation, statements regarding 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 exploration risks, commodity prices, receipt of mining permits and leases and assumed startup and operating costs detailed herein and from time to time in the filings made by Liberty with securities regulators.


For further information please contact:
Dr. Gary Nash, PhD (Physics), President & CEO
Phone (416) 238-9736 Fax 780-437-7898
e-mail: gnash@libertymines.com



Source: Liberty Mines Inc. (TSX: LBE) http:// www.libertymines.com
Maximum News Dissemination by Filing Services Canada Inc. *
www.usetdas.com