NORTHERN SUN MINING CORP LBEFF

Update

[ExSudburyGuy2]

Well actually not much of an update.
Deja vue all over again... more like it.

February 26, 2009
Liberty Provides Further Update

EDMONTON, ALBERTA--(Marketwire - Feb. 26, 2009) - Liberty Mines Inc.
("Liberty or the Company") (TSX:LBE) announces that further to the
press release of February 19, 2009, the note-holders shall refrain from
enforcing or directing the Trustee of the loan to enforce any rights under the
indenture securing the loan until April 1, 2009 providing there are no actions
by creditors which materially deteriorate the security position of the
note-holders or the Trustee.

The note-holders encouraged management to pursue alternative financing
arrangements with one or more third parties to ensure the long term well being
of the Company. Management hopes to conclude negotiations and announce the
signing of a definitive agreement soon.