Bunker Hill Mining Corp. (BHLL)

[12yearplan]

Liberty Silver Announces Effectiveness of S-1 Registration Statement and Issuance of Shares to Complete Hi Ho Property Acquisition

TORONTO, ONTARIO--(Marketwire - March 21, 2013) - Liberty Silver Corp. (TSX:LSL) ("Liberty" or the "Company") is pleased to announce that the Company's Registration Statement on Form ("S-1"), which was filed with the United States Securities and Exchange Commission ("SEC") in accordance with a Registration Rights Agreement entered into, pursuant to a Purchase Agreement to acquire the Hi Ho Property from Primus Resources, L.C. and a second property owner (collectively, "Primus"), was declared effective on March 1, 2013.

Following the declaration of effectiveness, pursuant to the terms of the Registration Rights Agreement, the Company has issued a total of 277,778 common shares to Primus, satisfying the remaining consideration paid for the acquisition of the Hi Ho Property, which is located immediately adjacent to the existing Trinity Mine on the Company's flagship Trinity Silver property in Nevada. The shares were issued at a deemed value of USD $0.72 per share (USD $200,000) (press release - October 16, 2012). The Company intends to drill on the newly acquired Hi Ho Property to confirm the mineralization. The Hi Ho Property is not included in the Company's current resource estimates.

The Company also announces that it has engaged SRK Consulting (U.S) Inc., Reno, Nevada, to assist the Company in outlining the second phase drill program, which will be designed to further delineate and potentially update the current resource estimates.

"We are extremely pleased to have Liberty's S-1 declared effective by the SEC. To have our S-1 filed, reviewed and declared effective, is a significant step forward," stated Geoff Browne, President and CEO of Liberty. "As previously disclosed, the Hi Ho Property is a key part of our future at Trinity and we look forward to continuing our efforts in the exploration and development of this valuable project.