EDMONTON, Alberta – November 5, 2007 – (LBE–VENTURE) Liberty Mines Inc. (“Liberty or the Company”) is pleased to announce that it has received conditional approval by the Toronto Stock Exchange (“TSX”) for the listing of its common shares. The TSX listing is conditional on the Company providing various listing documents and completing the financing recently announced, which is to close on or about November 15, 2007. Trading of the Company's shares will commence thereafter, on a date to be set by the TSX, following the filing of final documentation by the Company. Concurrently with the Company's common shares beginning to trade on the TSX, the Company's shares will cease to be traded on the TSX Venture Exchange. The Company's stock symbol, LBE, will remain unchanged.

"The listing of Liberty Mines Inc. on the Toronto Stock Exchange is another step forward in the evolution of our Company. A TSX listing will further enhance our visibility and profile in the capital markets and the mining industry, which should benefit our existing shareholders by attracting new retail and institutional investors.” said Liberty’s President and CEO, Gary Nash.

About Liberty Mines Inc.

Liberty Mines Inc. is a mineral exploration and development company with a focus on the development and mining of nickel, cobalt, copper and platinum group metals from its properties in Ontario.

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 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

Liberty Mines Inc.

Phone (416) 238-9736 Fax 780-437-7898

e-mail: gnash@libertymines.com