NORTHERN SUN MINING CORP LBEFF

Nice Knowin' ya

[ExSudburyGuy2]

It was nice knowing you Liberty... but it certainly looks like you're toast now.

LIBERTY MINES INC  ("LBE-T")
- Provides Update on Financing and Operations
   Liberty Mines Inc. ("Liberty or the Corporation") announces that it is
in discussions with various lenders for financing alternatives to the
secured note financing announced September 29, 2008. A subsequent press
release will be presented shortly with further details.
   To respond to the poor nickel market conditions, Liberty will focus in
the short term on areas underground which can be mined quickly and
processed at the Redstone mill. All development work has been curtailed
underground. A number of employee's and contractors have been affected by
this move which management views as necessary to maximize cash flow at this
time. . The nickel market conditions will continue to be monitored and more
operational changes may be necessary pending further changes in the market
or the Corporations cash flow position.
   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.