EDMONTON, ALBERTA--(Marketwire - April 4, 2008) - A correction from source is issued with respect to the release issued today at 8:26 AM ET. In the second paragraph, "tonnes per day" should have read "tonnes per month" - the full and corrected release is as follows:

Liberty Mines Inc. (TSX:LBE) ("Liberty or the Corporation") is pleased to announce the results of operations for the first quarter ending March 31, 2008. Production of 18,474 tonnes from the Redstone nickel mine near Timmins Ontario slightly exceeded the quarterly target by 2.6%; 19, 067 tonnes of ore grading 1.9% were processed through the floatation circuit to produce a concentrate assaying 16.4% nickel. The concentrate was shipped to Xstrata Nickel in Sudbury for further processing.

At the McWatters Mine located 9.5km east, ramp development is proceeding well. Cold weather and icy conditions during part of February and March slowed down initial progress in the ramp and the Corporation now expects ore from pre-production of the upper zone to begin in early June; ore from development of the rich lower zone is scheduled for October at approximately 4500 tonnes per month. Production in November is targeted at 28,000 tonnes from both zones with full production of 36,000 tonnes in December and each month thereafter until the deposit is exploited.

Documentation for the recently announced financing is in the final stages of preparation to enable registration and funding. The term has been increased to 18 months from 12 months with a further grace period of 60 days providing certain reasonable conditions are met; the amount of the loan has been increased to $30,000,000 from $25,000,000. The change in terms gives the Corporation many months of latitude to repay the loan should unforeseen events disrupt the Corporation's ability to repay the loan on time such as force majure at the smelter, acts of God, strikes etc.

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.