Liberty Gold Corp. Officially Launches Corporate Website

PHOENIX, Oct. 13, 2011 /PRNewswire/ -- Liberty Gold Corp. (OTCBB: LBGO.OB; "Liberty Gold" and/or "the Company") is pleased to announce the official launch of the Company's corporate website, which acts as a centralized and accessible resource for potential investors and existing shareholders to obtain information on the Company's leadership team, current projects, ongoing development activities, and latest company and industry news.

Liberty Gold's website can be found at http://www.libertygoldcorp.com, and includes links for downloading the Company's corporate brochure, fact sheet, and project-related reports and materials.

"We're excited to have our website live and available for everyone looking to follow our company's development," said Lynn Harrison, President and CEO. "And we definitely appreciate both the depth with which our existing information can be presented, and the ease with which our ongoing development can be accessed as it occurs. We expect that investors will feel the same."

While the Company's website provides extensive information, the following represents a brief summary of Liberty Gold as a company.

COMPANY SUMMARY

Liberty Gold Corp. is a gold and precious metals exploration company focused on emerging as an industry leader while effectively growing America's reserves of gold and silver. Headquartered in Phoenix, Arizona, Liberty Gold is committed to the responsible exploration and production of the nation's rich precious metals resources, as well as the proven resources of US-friendly nations.

MANAGEMENT & ADVISOR SUMMARY

Liberty Gold's focus is on actively building and retaining a lean core of executives and advisors in order to minimize expenses while maximizing shareholder gains. The Company's management and advisory board currently includes:

• Lynn Harrison, President and CEO: Lynn's career spans over 30 years and represents comprehensive experience across senior roles and industries while working with numerous international blue-chip companies, such as Rolls Royce, Tata Steel Group, and Siemens Technologies.
• John Cost, Lower 48 Exploration Advisor: John represents 30 years experience in Mechanical Engineering and Metallurgy while also being a proven entrepreneur, U.S. patent recipient, pilot, and the founder/operator of a privately owned mining and exploration company.

PROJECT SUMMARIES

Liberty Gold's ongoing property acquisition strategy targets regions with proven gold and silver resources and industry-friendly business environments. The Company's project portfolio currently includes:

• Domestic Portfolio: This Arizona-based project represents estimated resources of ~9.71 million gold equivalent ounces [1]. When including the discovery of indium, gallium and rare earth metals, total resources for blocked out, assayed and geologically inferred ore potentially amounts to $20.01 billion [2].
• Moneyrock Property: This Alaska-based project is surrounded by major gold projects and production, including the Pogo mine, which produced 389,808 troy ounces of gold in 2009 [3], Kinross Gold's Fort Knox mine, which is currently producing over $1 million of gold equivalent per day [4], and the nearby prolific Tintina Gold Belt [5].
• Monte del Favor Property: This Mexico-based project represents an estimated 17 million tonnes of ore at 0.27 oz/t gold and 7.21 oz/t silver [6], calculated at ~4.21 million ounces of gold equivalent resources, representing a potential valuation of $6.59 billion [7].

FOR MORE INFORMATION

To learn more about Liberty Gold's online presence, and to read more about the Company and its latest news, visit Liberty Gold's website at http://www.libertygoldcorp.com.

ABOUT LIBERTY GOLD CORP.

Liberty Gold Corp. is a publicly traded (OTCBB: LBGO.OB) gold and precious metals exploration company focused on emerging as an industry leader while effectively growing America's reserves of gold and silver. Headquartered in Phoenix, Arizona, Liberty Gold is committed to the responsible exploration and production of the nation's rich precious metals resources, as well as the proven resources of US-friendly nations. The Company's stable of major gold and silver projects is well established, and thanks to an active approach to property acquisitions, Liberty Gold's portfolio of significant assets continues to grow. For more information on the Company and its activities, visit Liberty Gold's website at http://www.libertygoldcorp.com.

ON BEHALF OF THE BOARD OF DIRECTORS,

Liberty Gold Corp.
Lynn Harrison, President and CEO

2415 East Camelback Road
Suite 700
Phoenix, AZ
85016

Investor Relations:
Toll Free: 1-800-961-5388
E-mail: [email protected]
OTCBB: LBGO.OB

This press release includes certain statements that are forward-looking and which involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements in this press release are based on Liberty Gold Corp.'s current expectations and projections about future events, which are based on currently available information. The forward-looking statements in this press release may also include statements relating to Liberty Gold Corp.'s anticipated financial performance, new developments, business prospects, strategies and similar matters. Liberty Gold Corp. disclaims any obligation to update any of its forward-looking statements, except as may be required by law.

[1] Gold equivalent = Au oz + (Ag oz x Ag price/Au price) + (Zn lb x Zn price/Au price) using 4,171,096 oz gold @ $1565.70/oz, 92,323,400 oz silver @ $47.94/oz and 4,173,462,000 lbs zinc @ $1.0160/lb (closing market prices, Apr. 29, 2011)
[2] Valuation = resource estimates from Applied Resource Science (ARS) reserves & calculations report, Oct. 9, 2010 x Apr. 29, 2011 market prices
[3] State of Alaska website, June 21, 2010
[4] Kinross Gold website, June 21, 2010
[5] Alaska Business Monthly, Nov. 1, 1998
[6] Senior Geologist estimate cited in Technical Report by Godfrey Walton, P. Geo, June 9, 2003
[7] Gold equivalent = Au oz + (Ag oz x Ag price/Au price) using 459,000 oz gold @ $1565.70 and 122.6 million oz silver @ $47.94/oz (closing market prices, Apr. 29, 2011)

SOURCE Liberty Gold Corp.