Ni, Co, Cu, PGM, Au Properties in Ontario Canada

Producing Mines and "state-of-the-art" Mill

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Message: Third Quarter Debt Repayments

Tantallon, Q3 finishes in 10 days but is not out until mid-Nov.

We are a jr miner. We see how much is being accomplished. That $230,000 spent on the 6 km road. That road will give us a 6km round trip saving. If 21 km uses 33 litres of diesal then after the road is built it will take about 23 litres. That represents about $10 a round trip. Not much but how many trips are made on that road?

As with any project - it is not the fact that the road is being built but that the nod is starting on the go ahead for the Hart mine. In building the first thing that goes in is a good solid road into the project. That is what the importance is. It is also the fact that the road is being built before the snow falls.

It is funny - I wondered when you would bring up that the directors put there money into Liberty in the form of a note payable. I understand that our finances are tight but it represents to me there commitment to make Liberty work. McWatters was first started in 1947. It is now a mine. During 2006 - 07 over 12,000 metres were done by Lbe to fully understand McWatters and bring it up to Ni43-101 Technical Report compliant to build and operate this mine. Technical reports have been done by Liberty to dewater Redstone once the Mill was built under budget on time. Permits have been made to bring 3 mines up to the point of being built or ready to be built. All this has taken time and money.

Yes we got caught in the economic down turn. You see the patience and belief of long term shareholders who do talk with confidence about what Lbe is. Q3 financials will show the revenues and expenses. It will show the cash flow. It will doubtless show things to find fault in but it will also show where Lbe is heading. That is why the longer term shareholders are hanging on to their shares and they are responding to your posts.

We are well aware of the debt due and the notes payable. Lbe will honour their debts. That is what I as a shareholder believe. Anyone buying into Lbe needs to do their own due diligence. Ask questions. Most anyone will be happy to answer most people's questions.

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